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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (169856)	3/25/2021 5:38:43 AM
From: sense	Read Replies (1) \| Respond to of 220315

I continued waiting for it today... but doing nothing is much harder work than doing something. Have refined charts with tweaks and new tools... and improved chart skills with specific focus. Finding the rhythm of the market and feeling its pulse is important... but, even better if the charts can be coaxed to come along with the changing beat, with a bit of tweaking, to provide better correlations than before. A good test coming, tomorrow... and continuing the next few days... or maybe into weeks. A chance based on similar prior instances, the S&P may have a larger move on tap tomorrow... maybe one consistent with the VIX finally showing a bottom and moving higher again... but VIX remains coy... its hints are not consistent... and it may take a few more days to provide clearer picture... Gold and silver... more of the same... I keep waiting. Gold shares as GDX failed test of Feb 22 high and 50 MA which means next is a re-test of 1 March lows... may only take a few days to get there. Gold shares re-coupled with silver in the move higher off the March low, but now are decoupling again... this time a good thing for gold, slowing its relative decline vs silver, as silver shares decline as SIL is faster than gold shares, and may re-test March lows as soon as tomorrow. SIL's 50MA crossed the 200MA moving lower today... the "death cross"... on a chart that for now shows no potential to resist it. Silver shares move is so dramatic it has the silver shares again decoupling from physical silver, as PSLV, and losing value relative to metal. I do think it is likely that gold will sustain the moderated pace of its decline... and may tend to better mimic silver's more horizontal pattern going forward, trading sideways more than steadily lower as it has since August - September. Silver's volatility likely to remain higher... but having built a sizable disconnect from the metal, it has the tools and the fuel to stage a surprising comeback... all the more because the decline this week is built on much smaller volumes than the volume in recent buying. Silver share holders continue to hold with sticky fingers far more effectively than gold share owners have... but it appears gold share holders have recently started to catch on... as volume in the decline now is less than it might have been expected to be a month ago. All of that is still dependent on what happens in larger markets, of course... as generalized declines in the markets are unlikely to spare gold and silver shares much... And, now... back to waiting and watching...