September 2009 Blog Posts (27)

A little bit on $silver...

The latest candlesticks are topping patterns...

The exponential chart shows an 'X' axis value close to .50 and the price action close to the .618 retrace. Both of these are negative for a further rise for a while. Also the $Gold/ $Silver ratio is suggesting a top here...…

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Added by Mark Lytle on September 10, 2009 at 1:14pm — No Comments

$USD at overlapping .25 major and .50 minor nodes...

As of yesterday, the $USD index had fallen below it's daily Bollinger Bands...We are in a window when the number of Dollar Bulls is extremely low. This is consistent with the fact that the dollar index is at a major .250 node (actual .25181) and a minor .500 node hits on the 10th of September. Also, there could be a maximum of pessimism as we approach the anniversary of 9/11...So there is a chance here, for a roughly synchronized pattern… Continue

Added by Mark Lytle on September 9, 2009 at 11:26am — 4 Comments

The $SPX's RSI is in a channel...

Probably see another little top soon...

Added by Mark Lytle on September 8, 2009 at 7:25pm — 2 Comments

Exponential Trendlines and Nodes.

These are created by a rather complex formula and represents time as product of a series of logarithmic and exponential decoding steps. The $NDX is fighting a declining Magenta trendline, and the $SPX is up against two of them, one major (declining and red) and one minor(steeply declining, dashed, and dark blue) trendline. The $SPX is also in the proximity of a time value, near .500 (on the X-Axis)… Continue

Added by Mark Lytle on September 8, 2009 at 12:48pm — 3 Comments

Precious Metals Breakout, Fakeout or Shakeout?

Precious Metals Breakout, Fakeout or Shakeout?

Straight "To Da Moon" Is Not The Only Plausible Scenario

THE BULLBEAR MARKET REPORT

September 5, 2009

The recent move in gold and silver may be an important top, a decisive breakout or a prelude to a shakeout of weak hands…

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Added by Steven Vincent on September 6, 2009 at 12:00am — No Comments

No Pain, Just Gain!

Yesterday we had a breakout above the symmetrical triangle in GLD. Today GLD gained even more, pushing up to what may be a head and shoulders neckline. Should it rise above 98.00, we may be seeing a buy signal of major proportions.

Let me step back a moment and say that in an earlier blog, I had mentioned the probability was good for a decline, or a false break, before the rally, "First the Pain, then the Gain." The market likes prove… Continue

Added by Tony Cherniawski on September 3, 2009 at 3:01pm — 1 Comment

A few technical comments...

Adding to the bearish viewpoint, the weekly MACD on $VIX has crossed over, and the $SPX has fallen through the 'blue' trendline I drew the other day.

An additional and better confirmation of trend change would be seeing price action go below the August 17 bottom on fairly high volume...that means going below the horizontal magenta line I have drawn...

Added by Mark Lytle on September 2, 2009 at 12:30pm — 2 Comments