Great Depression 2 underway as of July 25, 2014

AfterLOS

AfterLOS

Dow Jones Top = July 17, 2014
Target = 2,500

Fasten seatbelts :)

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I'm SHORT American Express & EurUsd (Shorted @ 1.3869 & 1.3757)
LONG Gold @ $1,320

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http://www.thaivisa.com/forum/topic...o-exist-unless-we-bail-them-others-out-again/

Short entry average for Amex $95.26, Target = $40 approx.. ..... partial profits taken on Aug 1 and Aug 8 at the trendline support shown in chart - bounce likely, once TL taken out again, will add to Short bigtime
 
nemesis45 said:
Gold is way more bearish than the indices at the moment, and i expect it to remain bear.
GL on your guess.
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Thanks Nem, you're right, most are bearish The Gold
Massive support @ approx. $1,200 + double bottoming formation = take a shot at Trend reversal
 
Morgan Stanley's other famous Hi-So gurus and fiends, Ben Bernanke & Henry Paulson from the October 2007 pre-CRASH top and their legendary anal-ysis:

June 20th, 2007 – Bernanke: The mortgage debacle “will not affect the economy overall.''
July 12th, 2007 – Paulson: "This is far and away the strongest global economy I've seen in my business lifetime."
August 1st, 2007 – Paulson: "I see the underlying economy as being very healthy,"
October 15th, 2007 – Bernanke: "It is not the responsibility of the Federal Reserve - nor would it be appropriate - to protect lenders and investors from the consequences of their financial decisions."
May 7, 2008 – Paulson: 'The worst is likely to be behind us . . . . ”
May 16th, 2008 – Paulson: "In my judgment, we are closer to the end of the market turmoil than the beginning."
July 16th, 2008 – Bernanke: On Freddie and Fannie: “They will make it through the storm”, "… in no danger of failing.","…adequately capitalized"
Only two months later both were nationalized.
February 14th, 2008 – Paulson: (the economy) "is fundamentally strong, diverse and resilient."
 
Goldman Sachs reiterated their bearish stance on the yellow metal.
"...We continue to stand by our year-end gold price target of $1,050 an ounce," Goldman Sachs said in a note

http://www.bloomberg.com/news/2014-...r-as-bullish-wagers-increase-commodities.html

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easy to see that Goldman guys are technicians because their bearish CALL is the 50% retracement of the entire 10-year bull move from 2001 to 2011. Very reasonable CALL IMHO.

But what I observe is the massive bullish +ve Divergence being developed on weekly Gold right at the 38.2% retracement level as it buckled, then the Coefficient of Restitution kicked in and now Gold is just sitting like a baby right smack on this 38.2% level - one full notch above Goldman's CALL.

If this 38% level HOLDs firm, Gold will fire like a rocket. If not, we go to Goldman's 50% level
 
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Here's what I've done and am doing on Gold:
Bought Gold in mid-August 2013 @ $1365
Bought Gold again in late January 2014 @ $1263
Bought Gold again in June 2014 @ $1320

Am NOW poised to BUY on further breakout
@ $1311.40 on 1H
@ $1323 on 4H
@ $1350 on Daily
@ $ 1396 on Daily I go full throttle with afterburners ON

My Eye is on massive support @ $1225. The AXIS of this support is @ $1160

First indication that I am WRONG is if Gold breaks down below $1279
Second indication that I am wrong will be Gold breaks down below $1258
Third indication that I am wrong will be Gold breaks down below $ 1240 (June 3rd, 2014 low)
 
AfterLOS said:
Dow Jones Top = July 17, 2014
Target = 2,500

Fasten seatbelts :)

---------------------------------------

I'm SHORT American Express & EurUsd (Shorted @ 1.3869 & 1.3757)
LONG Gold @ $1,320

-------------------------------------------------------

http://www.thaivisa.com/forum/topic...o-exist-unless-we-bail-them-others-out-again/

Short entry average for Amex $95.26, Target = $40 approx.. ..... partial profits taken on Aug 1 and Aug 8 at the trendline support shown in chart - bounce likely, once TL taken out again, will add to Short bigtime
More...


Just took some profits on the Short EurUsd positions @ 1.3369. Will add to Short if I get a 1H or 4H rally.
 
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