{"id":405119,"date":"2017-06-11T23:15:37","date_gmt":"2017-06-12T03:15:37","guid":{"rendered":"https:\/\/goldtadise.com\/?p=405119"},"modified":"2017-06-11T23:33:13","modified_gmt":"2017-06-12T03:33:13","slug":"slow-day-at-the-tent","status":"publish","type":"post","link":"https:\/\/goldtadise.com\/?p=405119","title":{"rendered":"Slow Day at the Tent"},"content":{"rendered":"

Roger Babson’s Calling Card has been the lead post for 10 hours.<\/p>\n

Well he was a great man but he has been dead for 50 years. <\/p>\n

Time to move on.<\/p>\n

What’s that about The Most important chart on the planet ?<\/p>\n

Rambus Posted an important Weekend Report Tonite. For members .<\/p>\n

Covers a lot of ground. Commodities , Bonds , and of course the Dollar.<\/p>\n

I wont be posting the whole piece BUT since we are starved for a good chart here tonite here is a provocative one to ponder.<\/p>\n

Most here have given up on the USD rally , since it seems to have failed, but please open your mind for a moment and consider this.<\/p>\n

From Rambus Weekend Report<\/p>\n

I see just about everyone has their own theory or trading discipline on where the US dollar is headed next. It\u2019s all these different ideas that make the markets work. Everyone can\u2019t be bullish at the bottom or bearish at the top, it\u2019s just the way it has to be.<\/p>\n

For my 2 cents worth I\u2019m still looking at the possible fractal, bullish rising wedge as a halfway pattern to the upside. I did an in depth report on currencies and the US dollar several months ago in which I showed how it could play out. Since that report the US dollar has declined down to the point, where if the fractal is going to work, now is the time for the US dollar to put in its bottom<\/p>\n

It was this 35 year monthly chart for the US dollar which led to to the discovery of the 2 fractal bases labeled big base #1 and big base #2 back in March 2013.<\/p>\n

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\n………………………………….<\/p>\n

Editor’s Note : If you are interested in the Whole Dollar Epiphany Post from March 10 2013 here it is:<\/p>\n

https:\/\/rambus1.com\/2013\/03\/10\/dollar-bears-about-to-go-into-hibernation\/<\/a>
\n………………………………
\nBack to Rambus Tonite:<\/p>\n

If I remember correctly it took close to a year after I discover these potential fractals before they came to fruition and vindication on my part. Seeing a large pattern like that building out well before its completion sews a lot of seeds of doubt. The vertical move out of fractal base #2 left no doubt that what I had been seeing a year earlier was in fact correct.<\/p>\n

There is a lot of information on this chart so lets start by looking the two blue arrows which shows the first impulse leg up into the first reversal point in the blue bullish rising wedges in big base #1 and big base #2 which were exactly the same length. Reversal point #2 in both blue rising wedge found support at 92, thin horizontal black dashed line. From reversal point #2 they both rallied up to reversal point #3 at 104 which is the top for each blue rising wedge.<\/p>\n

We are now at the most critical spot on the blue rising wedge fractal which is reversal point #4 and why the measured move down to 96.20, on the daily chart above, is so important. If the price action doesn\u2019t hold around the 96.20 area and drops lower, then the bottom rail of the blue rising wedge won\u2019t have the slope needed to have a rising wedge. The lower the price goes the lower the angle of the bottom rail. The top rail of both blue rising wedges are the exact same angle, but rising wedge #2 needs to bottom right here to be close to the same angle of rising wedge #1.<\/p>\n

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There are some more charts on the Dollar in this blockbuster report, which are even more poignant IMHO.
\n…but this one will be enough food for your thought if you are still a Non member.<\/p>\n","protected":false},"excerpt":{"rendered":"

Roger Babson’s Calling Card has been the lead post for 10 hours. Well he was a great man but he has been dead for 50 years. Time to move on. What’s that about The Most important chart on the planet … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-405119","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/posts\/405119","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=405119"}],"version-history":[{"count":0,"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/posts\/405119\/revisions"}],"wp:attachment":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=405119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=405119"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=405119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}