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It’s okay for a bull run to get extended above it’s 12 month moving average… but too much, and the price action falls from it’s own weight!
Are we gonna extend from here some more from here… or pay our dues and contract closer to the moving average?
Edit. Adding the COT data… and remember, it’s lagging! Are you scared?
A pullback from here.. to 6% above 12 month moving average… brings the price action at 1420! Maximum fear at that level. GREAT entry…
Patrick: Your work and your passion for it is exceptional.
Thank you for joining us.
One thing , and please take this in the spirit of one for all and all for one .
It may be just me but …when I see Charts with Black backgrounds I usually do not enlarge or look at them.
I have been trying to make and exception in your case Patrick
But unfortunately I find them difficult to read and absorb.
I know you post on your own account at twitter and I know charts are a very personal thing…we all have our own preferences and styles….so it may not be possible to change….and as I say it may be just me.
However you decide to respond….please continue to post your most interesting and provocative ideas…we are all benefiting
Cheers
🙂
PS….I see if I double enlarge the chart…it becomes clear !
I cant see the whole chart at once but I can work with this
🙂
Ignore the above
Fully,
I appreciate your hospitality. Your points are well taken. I can still try and create a different color scheme template, no problem.
The important part is to get the content across on goldtent, so I’ll adapt.
Regards,
Patrick
You are a gentleman and a scholar Sir Patrick
🙂