well....the key to any bull move is anti-venom.....
and the key to gold is on the full sto daily.....
stockcharts.com[h,a]daclynay[dd][pc9!c13!c20!d20,2!h.02,.20!c50!f][iLa4,9,5!Lh5,5!Li10,10!Lp14,3,3!Ll14!Lo14!Lb14!Le5,10,1]&pref=G
anti-venom started in december january.......then again 4-months later april-may.....
and now again...4 months later it starts again in august....
XAU...has a monster inverse H&S.....
you are watching a bull market being born.....<gg>
its slow.....but if the retrace goes full monty.....the end game starts early next year and in 4 months from august will be december jan again and gold ready for another major dose of anti-venom that should send it in orbit as the nasdaq sees 700 and dow 5000 next year.....
anti-venom is for bulls....and bull markets
d-blows are for bears.....and bear markets
gold has the anti-venom.....
dow-spx-nasdaq have the d-blows...
notice these weekly charts.....
the nasdaq bull market.....plenty of anti-venom....no d-blows.....
stockcharts.com[h,a]waclynay[d19940906,20000306][pc9!c13!c20!d20,2!h.02,.20!c50!f][iLa4,9,5!Lh5,5!Li10,10!Lp14,3,3!Ll14!Lo14!Lb14!Le5,10,1]&pref=G
now the nasdaq bear market.....plenty of d-blows.....no anti-venom.....
stockcharts.com[h,a]waclynay[d20000306,20020906][pc9!c13!c20!d20,2!h.02,.20!c50!f][iLa4,9,5!Lh5,5!Li10,10!Lp14,3,3!Ll14!Lo14!Lb14!Le5,10,1]&pref=G
guess what folks.....if you ever see anti-venom again on the nasdaq weekly.....we may be in a bull market again....
until then....it aint gonna happen.....
only thing that resembles a bull market starting is gold... it has plenty of daily anti-venom going....but it still needs a weekly to really explode......
but....even more important....gold has monthly anti-venom....and yes.....nasdaq and spx have monthly d-blows...
nuff said..... |
