The gold/silver ratio is at very high levels right now. I have heard that this indicates a dis-inflationary environment, but that's a little over my head. I've marked the past three recessions for reference.
Expecting small correction in gold, ~2-4%. Same pattern on GC1!. I'd expect this pattern to resolve before the end of January. GLD has pretty liquid options!
We're basically at the 50-month moving average We've broken the support that extends from the 2008 recovery If we break the 50-month, the next support is a volume support 10% below that. Assuming a 50-month moving average is a support. Another 6% below that, we have a 100-month moving average. Below that, a 28% drop to a volume support. I'd like to...
It's slow enough to wait for a good bounce.
Bear wedge, been riding well above the longer term VWMA for awhile. Volume is not what I'd usually look for, but I'm starting to doubt the importance of a particular volume pattern I look for.
Volume trend looks good, volume profile indicates most of the recent volume is above where we are right now.
Volume trend looks good. Pattern looks good. Recent volume is heavily below where we are.
* Transports turning back toward primary trend * Industrials not following yet * Volume seems weak to me, doesn't confirm anything. Implies weakness of trend? Based on this I would conclude, despite the volume issue: * DJI correction due in a matter of a week or two amounting to a total of ~4%, following the transports down * DJT correction to continue ultimately...
Looks like a bull wedge at first, but I think the previous one got all the bounce this stock is going to get in the short term. I think this pattern will break out to the downside.
That's the extent of my analysis here. Price target picked by a volume weighted average, time target picked based on some historical bull wedge patterns on other stocks.