Market Outlook

SP500/DOW/NASDAQ overextended daily charts continue to break down with risk of waterfall sell off.
Gold bearish intra bias strengthens - still short.
USDX bullish intra bias strengthens - still long USDPLN




WARNING: Nine_Ender / bc1 / bhardy307 are stalkers and sockpuppets.
http://www.elitetrader.com/vb/showthread.php?s=&postid=3449102#post3449102
http://www.elitetrader.com/vb/showthread.php?s=&postid=3420767#post3420767
http://www.elitetrader.com/vb/showthread.php?s=&threadid=227449
 
Quote from GrandSupercycle:

SP500/DOW/NASDAQ overextended daily charts continue to break down with risk of waterfall sell off.
Gold bearish intra bias strengthens - still short.
USDX bullish intra bias strengthens - still long USDPLN




WARNING: Nine_Ender / bc1 / bhardy307 are stalkers and sockpuppets.
http://www.elitetrader.com/vb/showthread.php?s=&postid=3449102#post3449102
http://www.elitetrader.com/vb/showthread.php?s=&postid=3420767#post3420767
http://www.elitetrader.com/vb/showthread.php?s=&threadid=227449
More...

The foolishness of expecting waterfall sell offs here when this is as shallow as the dip will get astounds me that you can continue to keep posting your bearish market outlook.
 
Gold / Silver / SP500 bearish intra bias continues.

bhardy307,
Why are you still long gold at 1734 ?
It's now 1718 and will drop...
I guarantee it.




Please note I did not initiate conflict with the ET trolls.
They are solely responsible since they chose to troll my threads and stalk me.
 
Quote from GrandSupercycle:



I guarantee it.

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Just more immaturity. It's not like we expect you to understand interest rate arbitrage that drives the forces of contango in the gold markets, but even just a little more concise argument than "I guarantee it." is needed. I agree with you, but only because I know how to read a chart and see 3 lower highs. That's the trend. You can't say "I guarantee it" so get that logic out of your vocabulary because it is not acceptable or mature.
 
Quote from bwolinsky:

Just more immaturity. It's not like we expect you to understand interest rate arbitrage that drives the forces of contango in the gold markets, but even just a little more concise argument than "I guarantee it." is needed. I agree with you, but only because I know how to read a chart and see 3 lower highs. That's the trend. You can't say "I guarantee it" so get that logic out of your vocabulary because it is not acceptable or mature.
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Sorry Beau, but I really don't think your lower high argument is any more valuable than pure randomness. Need I remind you of your pre-Christmas three lower highs argument on the nas100? Extending that logic we should see 1900 in the next month or so. :D :D

Also the lower highs formation creates a falling wedge formation. Some have argued that this formation is bullish.
 
Gold / Silver / SP500 bearish intra bias strengthens.

bhardy307,
Why are you still long gold at 1734 ?
It's now 1707 and will drop further.
I guarantee it.




Please note I did not initiate conflict with the ET trolls.
They are solely responsible since they chose to troll my threads and stalk me.
 
Quote from GrandSupercycle:

Gold / Silver / SP500 bearish intra bias strengthens.

bhardy307,
Why are you still long gold at 1734 ?
It's now 1707 and will drop further.
I guarantee it.




Please note I did not initiate conflict with the ET trolls.
They are solely responsible since they chose to troll my threads and stalk me.
More...

Added to long at 1707.34 at 8:38AM EST. I now have 12 units of gold. Yes, this is a tiny position for you bigshots, but I'm still a small fish. New average price: 1727.5

Stop is still 1650. Notice that this is the bottom of that large jump up starting near Jan 25th. I will get out if we retrace below that gain.

Admission: It will NOT reach target of 1800 by tomorrow.
 
Beau, remember that candle formation I was telling you about? There it is again on the XAU/USD 5 minute chart. Sure enough, another breakout upwards. How long it lasts, remains to be seen.

May only be good for scalping. Is it only good for 7 points this time? Oh well.
 

Attachments

Quote from GrandSupercycle:

Gold / Silver / SP500 bearish intra bias strengthens.

bhardy307,
Why are you still long gold at 1734 ?
It's now 1707 and will drop further.
I guarantee it.
More...

Aren't we back up to where you shorted it near 1719?

Oh dear!

We're in a range, guys, and it will likely stay in that range until we get a clear idea about Greece.
 
Quote from bhardy307:

Sorry Beau, but I really don't think your lower high argument is any more valuable than pure randomness. Need I remind you of your pre-Christmas three lower highs argument on the nas100? Extending that logic we should see 1900 in the next month or so. :D :D

Also the lower highs formation creates a falling wedge formation. Some have argued that this formation is bullish.
More...

I can backtest Price Physics on GC and see that trading short on those is what you should be doing, and I can optimize on any instrument so if you're curious about GC I don't really need to do this to know that every chart is best traded that way.

Not every hump in the hill and dip in the chart is a tradeable oscillation.
 
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