Wave 4 bottom puts gold at 2616 and from there on a significant rally of the wave five top at 3500 to 4200 depending on conditions?
Buy at 32. Usually Beijing will say something negative in 2-3 days after doing QE, use that time to buy, and over the next month or two, as they will not do QE again and again so fast.
With recession coming down in Europe and will soon in USA.
FXI seems to have upward momentum. It may retrace a little, so buy on retracement by selling puts.
TLT is has broken trend, and is close to swing lows. Time for a 3-6 month trade.
NFLX always drops like a rock on the first hint of weakness.
My very long term analysis on GLD. Putting in my thoughts. I believe GLS is an indicator of Macro Volatility instead of a store of value or a hedge against inflation. I believe it reflects a basket that counter weights the Dollar.
Just a screen to show how in-consequential the great depression looks as per todays market, and how much the markets have grown from then.
With the tech decay started already, the next will be bio-tech. In the long term it pays to be long biotech, but in the short term there is a valuable trade to be made here.