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Just an update on the gold trade. I'm neutral at this point, it's been a decent short thus far, but the price action along with the, "you never know what the Fed might do" factor has me flat here. Might return to the trade, but I need more data, (that I don't have yet). I tend to think the...

Ok, great, I was going to say, it's too bad we had the move lower in the ES given some of the nice setups to the upside so far this month. Thanks Mav, good to know.

I thought we had a confirmed Monthly A down today though Mav? Are you thinking the strong will keep going a la AAPL? Thanks in advance,

Regarding Bernanke: The Fed tweeted this today, (found it oddly out of place). Kinda seemed like justification for not commencing with further easing... just yet anyway, (it's probably coming eventually): http://www.federalreserve.gov/faqs/money_12848.htm Curious as to what others think

Hi Next, There's a decent point of reference here at the Logicaltrader.net: http://www.thelogicaltrader.net/qa.html Basically Fisher recommends 20-25% of the average 30 day range for stocks. He does provide his A and C values through the subscription service, (sign up for the free...

Well, we didn't get that close above 138.78 did we? We'll see what happens from here, but we may still see that 136 level.

I've got a monthly A down at 138.78 in the SPY. Given the decent price action today in the indicies, (really, considering that jobs report was supposedly the end of the world) a close above that level today would be a sign that there's some life left in this 2012 rally. I had expected a test...

Been keeping a close eye on coffee futures since Mav posted his chart at the end of Q1, (both for a trade, and because I keep praying that I won't have to continue to purchase the good stuff at $14.00 a lb!). Still in quite the down trend, (though that said, just about everything will change...

Mav, as always, thank you for such an in-depth explanation into what you're seeing in the markets. Much appreciated!

Thanks Mav, I always appreciate it when you validate my signals. Makes me feel like I may have some clue as to what I'm doing! :)

Gartman today on Fast: http://www.cnbc.com/id/46957469/

Gold confirmed my Monthly A down today. My level, (not that it matters mind you) is 158.98 (GLD). No one came in to buy the dip today, but it doesn't mean it won't happen. Use caution, gold is a religion for many.

In the spirit of Shan's update, GLD: CAUTION: Gold bugs love to buy the dip... My monthly A down is 158.98, (pretty well a failed A down today, but you'll probably want to see what happens here).

UPDATE Monthly A down is 12.17

After a nice 2 month base, F is back at it. Currently above my monthly, (we'll see how it closes today) but certainly worth being on the radar.

Bump for hilariosity, (yeah, I invented that word)

One on my radar: For the gold bugs out there, looks like gold has failed the yearly A up, (which implies that it should at least try for the A down). Folks seem to want to believe that Bernanke is going to go ahead and continue to ease the dollar, but the dollar is looking pretty good...

This is particularly interesting given the early slaughter that took place in the face of the drought last year. We should have expected to see cattle move higher I believe, (good news/bad action?).

Yikes, this sounds like a mean reversion trade to me. I'm not sure this is what ACD is really all about, (but we'll soon see how both trade). Shan is 100% right. Haven't see the TBT make a monthly A up in forever, (so I got involved... a little too involved unfortunately :( ). Still, you...

Thanks Mav, this is awesome. I also noticed that the day after you posted this the 5 day lines went from like 6 or 8 in some cases to 0 or 3. Great post, very helpful! Thanks as always!