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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated -- Ignore unavailable to you. Want to Upgrade?

To: Bonefish who wrote (92351)	6/17/2013 6:35:08 PM
From: John Pitera	Read Replies (2) \| Respond to of 119358

Ask and thou shall receive... the Gold Chart has had a very anemic rally, the MACD has worked off the intense oversold condition and the blue are has been above zero since the $1336 low and we have very little upward price activity to show for it... the Stocastics are trailing off.... the systems traders have been relentlessly selling it at the 26 period Exponential Moving Average..... we had the $225 two day Elliott wave impulse move down and then have been giving people a chance to buy and some TIME to elapse.. Edit:... I have multiple scenerios and the market knows best and I just do what the systems tell me...24/7 5 and a half days each week we get more data pouring in from around the global...and it's truly a globally linked and correlated Macro Investment Landscape.. Now silver which has been leading gold is actually in a descending wedge which implies that it could stage a rally in the near term and so Gold may take another look at $1423 or even $1487 .... let me put up a few more charts...... John

To: Bonefish who wrote (92351)	6/17/2013 6:50:30 PM
From: John Pitera	1 Recommendation Recommended By NOW Respond to of 119358

The silver chart is messy, but looking at the weekly chart there is some dissipation of the downside momentum.. a potential bullish divergence for a rally what really stands out is how the bollinger bands are really coiled up in a very tight % range compared with the last 3 years.... if I showed you the statistical distribution of the price distance between the band you would find we are within the tighest 5% of coiling pattern in the last 3 years. ... When you read the Chaosis Trading books that where so popular that the Houston Investor Association had a specific SIG (Special Interest Group) which meet in one of the break out sessions after the main sessions with the marque speakers...( this was circa 1999 - 2001) or so... they would term it an alligator pivot or coil and we should expect a pretty dramatic price move in the near future.... now dramatic is relative.. in Feb and March of 2011.... we had an exponential aka parabolic blow off top ala crude going up to $148.60 on July 2nd of 2008 only to crash to $34 only 5 months later... bottoming on the WD GANN Winter solstice of Dec 21st..... In Silver we may see a rally attempt to $25... but these are murky markets and their are better markets to be placing trades in... I don't have any clear signals on Gold and Silver and I like high probability statistically reliable set ups.... I know I have lots of friends, traders... a few clients etc... who are very active and that's why I have spent this much time... JJP