Goldtent TA Paradise

Watching the Qs !

1. Nautilus says:

   March 3, 2021 - 1:59 pm at 1:59 pm

   How many of these H&S charts have been posted over the last 10 years? Wake me when we have a >15% correction.

   Additionally, if the Nasdaq crashes, so will the mining stocks and gold. At best, they will crash a little less.

2. Plunger says:

   March 3, 2021 - 2:23 pm at 2:23 pm

   Freefall set-up. I’m short

   • Nautilus says:

     March 3, 2021 - 2:28 pm at 2:28 pm

     All the Fed has to do is float a rumor in the WSJ that they are thinking about YCC. It’ll be making new all time highs after that.

     • pedro_deleon says:

       March 3, 2021 - 3:10 pm at 3:10 pm

       Both of you are correct. The LT sell setup is there, but the Fed will likely forestall it again, say my IT indicators. The two forces are battling for control. When they are in synch next time, look out below. Maybe a month or two from now.

       Very precarious here, just the same.

     • Plunger says:

       March 3, 2021 - 3:12 pm at 3:12 pm

       Sounds like easy money then. With such solid conviction one should just go long on a leveraged basis and cash in. Appears this market stuff is so easy.

       • Nautilus says:

         March 3, 2021 - 4:08 pm at 4:08 pm

         The fact that the market is so dependent on what the Fed does or does not do, in fact, makes it incredibly unpredictable in the short run.

         We know the Fed will print, and print large. The question is when do they cry uncle. Maybe they are comfortable with the Nasdaq getting cut in half. Who knows.

3. Chartsmaster says:

   March 3, 2021 - 2:52 pm at 2:52 pm

   The DJIA and S&P might but the NASDQ COMP and NASDQ 100 have clearly topped. March 2000 redux.

   • Plunger says:

     March 3, 2021 - 3:10 pm at 3:10 pm

     I agree