I'm not long yet but I'll probably put together a position shortly. I think you have a lot of catalysts now for the metals in the fall between Europe, QE3, a risk rally or a market correction.
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The ACD Method
- Thread starter sbrowne126
- Start date
I'm not long yet but I'll probably put together a position shortly. I think you have a lot of catalysts now for the metals in the fall between Europe, QE3, a risk rally or a market correction.
Quote from Maverick74:
Gold is looking good. The weekly levels are 1601 and 1629. The monthly levels are 1571.5 and 1645.50. The QTR A up is which is our target btw, is 1682.
The gold monthly number line is +8 and the 5 day momentum number line is +9.
We are also seeing good price action in Silver, Copper and Platinum (PPLT for you home gamers).
Almost at that QTR A up in Gold.
Gold 1672...
Maverick,
What do you think about shorting the 30-Year (/ZB) here? Not from an ACD perspective just a general Macro call..
What do you think about shorting the 30-Year (/ZB) here? Not from an ACD perspective just a general Macro call..
Quote from smcmahon83:
Maverick,
What do you think about shorting the 30-Year (/ZB) here? Not from an ACD perspective just a general Macro call..
I covered my ZB short at the QTR A down. I would feel better about re-shorting after we get a correction in risk assets. Also, a selloff in risk assets will allow you to examine the price action and see if they are getting that strong flight to quality bid they had this spring.
Hey Mav...how are you calculating your Numberline values?
I have been tryin to keep a running monthly total to try to keep up with you but my runnin sum in august for gold is +5 as of COB 23aug...quite diff than your +10...i guess you using a slightly different methodology than fisher's?
as of COB 23aug i have
sp +2
nq +11
euro 0
gold +5
silver +13
crud +7
I will go back over my numbers this weekend maybe i doin something wrong...thanks again for all the info
I have been tryin to keep a running monthly total to try to keep up with you but my runnin sum in august for gold is +5 as of COB 23aug...quite diff than your +10...i guess you using a slightly different methodology than fisher's?
as of COB 23aug i have
sp +2
nq +11
euro 0
gold +5
silver +13
crud +7
I will go back over my numbers this weekend maybe i doin something wrong...thanks again for all the info
Quote from boze_man:
Hey Mav...how are you calculating your Numberline values?
I have been tryin to keep a running monthly total to try to keep up with you but my runnin sum in august for gold is +5 as of COB 23aug...quite diff than your +10...i guess you using a slightly different methodology than fisher's?
as of COB 23aug i have
sp +2
nq +11
euro 0
gold +5
silver +13
crud +7
I will go back over my numbers this weekend maybe i doin something wrong...thanks again for all the info
I use 7:20 central time for the OR for Gold. I also use an hour confirmation! My day 10 day rolling A indicator is a plus 9! That means we have had 9 confirmed A ups or A downs in the last 10 days. Readings of 9 or higher are very very rare. We've had 6 A ups in Gold in the last 7 sessions!