Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: HairBall who wrote (15237)	11/20/2013 10:24:17 PM
From: ajtj99	Respond to of 33421

LG, what a pleasure to see you post again! I hope you are in good health, and life is enjoyable since you've made your big transition a couple of years ago. I'm flattered that you have been lurking and finding some of our postings worthwhile. I know the community here is not what it was in its heyday, but I still feel very strongly about collaboration, and we sure did an awful lot of it (with you doing all the heavy lifting, I might add). Thank you for the read on GLD. Many who read this and other SI boards are very interested in the Gold market as well as their connection to the macro global economy. I would not be surprised to see your chart linked on other boards soon. Just as bearish looking as your GLD chart is the HUI chart, which shows a bearish triangle that measures to around 140, or about a 35% drop from here. As we know targets are just that....targets, but they do give us parameters for mapping out our strategy for risk and reward. HUI weekly: stockcharts.com I'm not putting in as much effort on the boards as I used to either. I don't annotate, insert a lot of lines or commentary, or even do screen shots. When I joined this board, it was mostly to just share some of the interesting things I was running across in my daily market research. It felt awfully selfish to keep to myself, and I have always felt very strongly in giving back, just like you have always done since you began posting on these boards more than 15-years ago. Thank you for your input, both today as well as the tens of thousands of other times you have shared your insights in the past. Please feel free to drop in anytime. We value all who contribute so we can share in the rewards that risk-managed trading and investing can offer. Sincerely, ajtj99 Do your own DD. Void where prohibited. Observed side effects include darkening of the stool, spontaneous amputation, and death. Rosebud.

To: HairBall who wrote (15237)	11/22/2014 3:00:07 PM
From: HairBall	2 Recommendations Recommended By Davy Crockett mary-ally-smith Read Replies (4) \| Respond to of 33421

GLD is still trading bearish.... Following the break to the norm of the bearish flag, demand kept the price from dropping below the bearish flag origination point, 144.68. The consolidation that followed resulted in the formation of a descending triangle which is also a bearish formation, reinforced by diminishing volume and oversold/overbought models. Descending Triangles The break to the norm was quickly followed by bargain buying which was then arrested by selling at previous support now acting as resistance. A move down to test the 2008 pivot high of 100.44 remains my expectation. See the post to which I am replying... Look for GLD volume to begin to increase once the continuation of the pattern break resolves to the norm. The SPY has entered a topping process as volume continues to decline. Expect direction to reverse next year (1st Qtr or at the latest 2nd Qtr) resulting in increasing volume as support is broken and the continuation of the decline becomes self evident. Regards, LG PS: ajtj99 drop me a pmail.