Here are today’s gold stock screens and data, along with cycle conditions and projections for gold and HUI index, and Chart of the Day...
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Live Streaming Chart
Goldbugs, click here. The red oscillator approximates a cycle of 5 hours to 1 day. The blue oscillator approximates cycles of 2-3 days. The yellow represents a 5 day cycle, which may or may not appear. Often the 2-3 day cycle waves are of larger amplitude, obscuring the 5 day cycle. The green line represents cycles of 8 days or a little longer.The histograms at the bottom of the chart relate to those oscillators. The cycle channel lines identify likely cyclical support and resistance areas where reversals are more likely. These lines lag, so that when price begins to cross the lines in the opposite direction of the current trend, a reversal of cycle phase is indicated to be under way. The chart at the bottom of the page uses slightly different algorithms, but the principles are the same. If these charts help you in your trading, please support them with a regular contribution via the button below.
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9 Responses to Live Streaming Chart
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Well today I think that the Widget gave about the safest buy I have seen. At least I used it a half hour before the close.
Well so far so good. No worries till the green tops out. Oscillators at zero cept the yeller which should mean an explosion up next week. Just heard a retail analcyst on Cavuto that she expects a Xmas the best in the last 5 years. This weekend will tell.
The “Nutcracker Suite” will be if the green oscillator tops out in the zero momentum zone.
Watch for the Yellow 5 day pushing down toward the zero momentum zone and with the blue moving below the zero momentum zone to push price lower to fill gap
OK gap filled and you are set up for one wicked up thrust.
TurkeyNeck trade – 8,5 day pushing down with other in zmz zone yesterday was today’s setup. Another Dubai Day needed for bears.
Well, as long as ir stays in the middle of the red channel on the second chart we still have more up.
Gap fill is about as assured as you can get but after….
Boy OPEX has the possibility of a big up day. With the 5 and 8 day bottoming and turning up.