![\"0610_a_NEM_EOD\"](\"http:\/\/goldtadise.com\/wp-content\/uploads\/2015\/06\/0610_a_NEM_EOD.png\")
<\/a><\/p>\nWhat’s the Trend:<\/p>\n
My top secret Trend Chart is seriously looking to turn UP!!!! But when it does, I don’t expect the up trend to last long. (Note trend officially changes to the upside when RSI(5) crosses the 30 line — blue circles as examples). Now if you had the “whole” chart you could say that it could also go down some more… Problem is when you look at the Weekly GDX chart….<\/p>\n
The GDX Weekly Chart is seriously looking to turn UP!!!! The ULT is pointing up and even the RSI(13) is turning up!!!<\/p>\n What does Clive … I mean…. my Peak Indicator Chart say… WilliamsR is seriously starting to get a trigger line cross…<\/p>\n What are Bonds saying… hmmm…. interesting double bottom test very very near!!!! Can’t really trust the indicators on this one though… I’m betting we break through and go lower…. PIMCO has been dumping — http:\/\/www.zerohedge.com\/news\/2015-06-10\/what-happened-last-time-pimco-dumped-its-us-treasuries —<\/p>\n What’s YEN doing…. completed 5 waves down to 79.45 and is working on a 3 wave corrective up. The ‘a’ wave should be very close to ending. Price targets are a guess right now but I wouldn’t expect ‘b’ to go lower than 50% retrace….<\/p>\n What’s the Dollar doing…. (v) down looks to be finishing. Maybe a retest of the low then up in 3 for the corrective. EWO is telling us that after the corrective we go down at least one more time…. that would be a 5 wave move down. Since JDST and dollar have been moving together that would not bode well for JDST…<\/p>\n Ahhhh…. but let’s look at JDST… currently in a wave (iv) “evil” correction (can you tell I hate wave iv’s) which looks to be turning into some kind of flat (well it sounds good at least)… Still looking for the 8.15 high to be taken out per the higher EWO but it’s going to have to do it during the dollars corrective (if the relationship still holds)… At any rate I think we can forget about really really big gains on JDST for now. 8.16 or 8.159999 could satisfy the EWO… just sayin’….<\/p>\n What do you all think???? Charts don’t lie and indicators don’t lie!!! I’m thinking my weekend analysis is not far off from the truth…<\/p>\n","protected":false},"excerpt":{"rendered":" First my FAILURE…. NEM WENT DOWN!!!!!!!!!!!! Gold went up and NEM WENT DOWN!!!!!!!\u00a0 I had to do the EW for this…. Well Fully there’s more downside coming… should be getting a 23% correction or so starting soon before the (3) … Continue reading <\/a><\/p>\n<\/a><\/p>\n<\/a><\/p>\n<\/a><\/p>\n<\/a><\/p>\n<\/a><\/p>\n<\/a><\/p>\n