Great Depression 2 underway as of July 25, 2014

AfterLOS said:
Thanks for the input, let's see your weekly with your explanation pls - would appreciate it very much.

I'll do the same and we can compare.

Thanks again
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If you believe in chart patterns then it has formed a bearish triangle on the weekly.
gold.jpg
 
I have now called the beginning after August 19th, so my timing is better.
I will call a Dow low of 8000, bounce, then 6500.....
but the high? that is the money question....
 
AfterLOS said:
:)
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redbox said:
If you believe in chart patterns then it has formed a bearish triangle on the weekly.
View attachment 143618
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Thank you kindly. Yes your pattern has already been considered by yours truly. A push up to $1365 is required to complete the 2nd triangle. Will then watch for a breakout above March 9, 2014 top = pattern is invalidated and high odds a new bullrun in progress OR Repelled at the 200week ema @ $1365 = wave 5 down initiated = take my loss and go short instantly.

Much obliged to you for bringing this up
 
istoptime said:
I have now called the beginning after August 19th, so my timing is better.
I will call a Dow low of 8000, bounce, then 6500.....
but the high? that is the money question....
More...

Welcome :)

current TOP is July 17, 2014, breakdown got underway when my trendline was taken out on July 25th = info in opener of this thread.
 
Quick update while I wait for my coffin to arrive :) No change in my status on Gold.

All it takes is the Dow Jones to cross the topline by just one hair - I'll be wrong.

Current locations:

Dow Jones just shy of 78.6% retracement
S&P has crossed 88.3% which is now a very bad sign for me
saving grace but will it help? ..... Powerful brakes are being applied by Germany & France
 
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