Goldtent TA Paradise

SHOUT OUT TO PEDRO

1. Leftenant1 says:

   April 22, 2022 - 4:39 pm at 4:39 pm

   I listen to Pedro. He’s got some very good indicators he follows.

   I would have to say at this point that we just finished a BMR and it’s not bull market time yet. Norvast has been spot on, even predicted a “quick gold spike to 2000” and then a big selloff, with a deep bottom in September.

   True gold bull markets are rare, but the macro developments are headed that way.

2. Goldleaf Gal says:

   April 22, 2022 - 5:09 pm at 5:09 pm

   what is a BMR 🙂

3. Goldleaf Gal says:

   April 22, 2022 - 5:17 pm at 5:17 pm

   I searched on Pedro and only his latest post comes up. I don’t want to miss any future warnings as Ive taken a bath but did not see his warning…I’m interested in his work. Thanks

   • Fullgoldcrown says:

     April 22, 2022 - 5:59 pm at 5:59 pm

     BMR = Bear Market Rally

     pedro has his own 3 dimentional set up which cannot be posted

     he occasionally gives a heads up …which I rarely heed

     🙁

4. Goldleaf Gal says:

   April 22, 2022 - 6:16 pm at 6:16 pm

   thanks!!

5. Plunger says:

   April 22, 2022 - 6:19 pm at 6:19 pm

   Actually the chartology picked it up perfectly. I published it in real time on Rambus’ forum. Entered short right as it retested the NL from below for the second time and was unable to fill the gap and unable to exceed the DT previous highs. This verbiage Is shown on the below chart. Today and yesterday were both 6 figure days shorting SPY QQQ TEAM NET NOW WSM WDAY and best of all MDB. If one was reading the tea leaves it alll unfolded right in front of us all and I even provided the chart!

   Now Cramer starts panicking after hours… Ha.

   https://stockcharts.com/h-sc/ui?s=%24SPX&p=60&yr=0&mn=1&dy=10&id=p06602437805&listNum=239&a=1138906133

6. pedro_deleon says:

   April 22, 2022 - 6:43 pm at 6:43 pm

   Thanks Fully for circling back on that exchange from three days ago.

   I eat my share of crow from time to time … nobody is perfect.
   Part of my reasoning in that post was that the market was resuming upside.
   It was instead a (tricky) bull trap. Now they are throwing most everything out.
   In any event, stairway up elevator down so I try warn ahead of downside risks.
   Just like I did in autumn 2020.
   So while my reasoning was wrong, the charts were not.

   As for my “indicators”, I have a few proprietary indicators yes.
   But as Fully noted, its the three (time) dimensional charting that makes the difference for me. And to take a cue from kindergarten, some helpful color coding to flag changes. Basically, signals are created drawing on all major time frames concurrently.
   The system’s key vulnerability is that these signals aren’t locked in early in a session, a week or the month. Closing values matter. So signals can appear then vanish. That’s where the experience and skill with the system comes in, weighing the odds of those signals sticking or not.

   Veterans know that systems that work in one regime can fail in another, and my take is that higher degree charts ‘trump’ lower degrees. So it pays to incorporate what’s happening into your ‘local’ charting. Most never pay attention to anything but intraday and daily charts.

   And here’s the bottom line … at higher degree, we’re set up once again for a protracted NET decline. Even if its a high degree correction, we’re not looking for a low before three months from now. If its an impulse down (better than 50/50), look out below. We all know the fundamental and political backdrop here. Factor that in. They are determined TO KILL US, one way or another.

   • pedro_deleon says:

     April 22, 2022 - 6:53 pm at 6:53 pm

     FYI — private note sent to Plunger two weeks ago, warning that we were getting close.
     Wed 4/6/2022 6:54 PM

     “IT Trend Rev Sell for GDX and Buy for DUST
     both provisional into Fri, and potentially on fresh LT signals (multi week to multi month moves). If these fade out this week, THEY WILL RETURN when the next move completes within a few weeks.”

     Those signals DID vanish over the next several days later that week, but they put me on alert that the system was close to issuing them for real.