Goldtent TA Paradise

Gut Wrenching

1. Nautilus says:

   February 27, 2020 - 6:09 pm at 6:09 pm

   If today’s and this week’s candles end up being headfakes it will quite honestly be unbelievable.

2. Karl says:

   February 27, 2020 - 6:35 pm at 6:35 pm

   ‘Unless this reverses violently tomorrow…’

   My question for myself — but I’m happy to listen to advice — has to do with what time tomorrow? How long do I wait? In my younger and more adventuresome days I’d be willing to sit through the weekend and even past a hypothetical continuation of the decline on Monday. I like the stocks I hold. What I am inclined to do — although I do not want to do it — is start selling around the market open tomorrow (Friday), slightly, and sell in dribs and drabs throughout the day unless there is a massive movement up. I will continue the strategy on Monday probably, much as I will hate to do it. I can always buy other stuff, though it might be at a higher price if there is a spike up. I will have some comfort having cash — as long as things don’t get too crazy and the institutions freeze up, of course.

3. Karl says:

   February 27, 2020 - 6:50 pm at 6:50 pm

   The DJIA (vs the SPX):

   To my casual inspection the DJIA looks worse sicker now than the S and P 500 or the NDX. Maybe it’s just leading the way. It might be easier for any hypothetical Powers to Be to prop up the DJIA than the entire S and P 500 if they have to though.

   A year or so ago someone somewhere commented that the DJIA is a bit like a managed ETF the way they like to replace less successful stocks with more successful ones now and then (though I guess that happens with the S and P a bit too). However I suppose that in a bubble the DJIA composition — popular stocks seen as successful — might mean that the DJIA is more likely to come down faster than some other indexes. I don’t know.

4. red label says:

   February 27, 2020 - 6:59 pm at 6:59 pm

   This has the look of 1929, 1987, SARS (2003) & GFC (2008) all wrapped up in one nice little package.

   The only thing missing atm is WW3.

   GLTA

5. Surf City says:

   February 27, 2020 - 7:28 pm at 7:28 pm

   Gold stayed above its 10ma today but Silver & the Miners (GDX, GDXJ, etc) did not signaling the are moving into their next short term Trading Cycle Low (TCL) and perhaps thier longer ICL as well. FWIW, my work shows that Gold often gets a bid in a flight to safety but not so much Silver and the mining stocks. The later two have a long history of selling off with the broader stock market during panics.