Timeless Tutorial

From 2013 : Infamously worst year ever for the PMs

https://rambus1.com/2013/02/22/precious-metals-stocks-too-big-to-fail/

Snip 1

Fast Forward to Today (February 22 2013)

Lets look at one more example that you won’t find anywhere else except here at Rambus Chartology. You can see two reversal patterns, the 11 point Diamond that is actually the head portion of the much bigger H&S top that few believe is for real. The other pattern is the massive H&S top. Its good that few believe this pattern is authentic because everyone can’t exit at the same time. The lower it goes the more people will begin to understand what is actually happening but it will be too late to take action and they will most likely ride the whole thing down or sell into any counter trend rally that will occur thus putting a ceiling above the price action. I hope these examples help you understand what I mean when I talk about odd and even numbered chart patterns.

Snip 2 ( from 2013 but could this apply to today ? )

I have shown you countless H&S top patterns that are just beginning to breakdown especially in the big cap sector. I’m showing you these big multi year H&S patterns to give you an idea that this decline isn’t going to be a one day wonder. Its going to take many months or longer for these big tops to play out. I can guarantee you that the volatility is going to be insane at times and your emotions will get the better of you. I have said this before, this will be the easiest and the hardest time you will have holding on to your short positions. The easiest because you don’t have to do anything except sell when we approach the bottom. The hardest because your emotions will get in the way when you read something someone wrote that say the PM stocks can’t go any lower because of this indicator or that the PM stocks haven’t been this oversold in history or what ever the reason is and you will bail to relieve the pressure.

Please keep in mind this isn’t a child’s game we are playing. When you put your hard earned money into the markets you are going up against the brightest minds and best trading systems in the world. They want your money and they could care less what excuse you give when you hand over your hard earned capital to them. You can use the excuse the markets are manipulated is why you lost or countless other excuse for not succeeding. They don’t care, they just want your money. Period!!!!!! One has to take responsibility for their success and failures and not do the blame game as that is counter productive. With that said lets move on to some subscriber questions.

All the Best
Rambus