Looks like we are going to get a nice pull back for those who missed the move up and still can get into your gold and silver positions. Your right, Patience is a virtue..
Looks like we are setting up a divergence in the dow and s&p with same major divergence indicators. We might be able to get into gold and silver with a nice pull back. I have the possible downside is around 14.50 US silver and lower. What do you think?
Interesting, but what do you guys think of Robert Prechters elliotwave forecasts? he's picking a new low on the 3rd wave down very soon?do you guys not think much of elliotwave theory?or does it tell you something different?
Thanks Myspace! I always look forward to seeing your analysis. I can't help but think this also correlates to the predictions of a late October drop in the Dow too. So many are seeing the same thing!
it's not so boring if your about to gain or lose money when the predicted move does or doesn't happen, otherwise it would of course be completely uninteresting...unless you were interested in learning how to 'put the odds in your favor' and make money from it. But if your creative/right-brain is putting food on your table instead, then power to you:)
If the US stock market does correct down do you think that the Aussie stock market and Gold will slavishly follow the market down to the same extent or more as per Oct 08?
If the US market moves down I'm not sure that the dollar will rise as much as last time or that precious metals, resource stocks, emerging markets will crash to the same extent - i.e. investors might start to realise that the US is worse off than elsewhere and not be so in love with the USD?
I think there are hidden semi government institutions that are propping the market up. Big players connected with the fed.
I don't know if any of the traditional market analysis apply, I think they can keep the market creeping up, but only at the cost of the dollar.
If the dollar strengthens for some reason (they will do all they can to keep it devaluing) that could be a sign that the market will crash. But I don't think that will happen.
We are very close to a 50% retracement at 1120 for the sp500 and 10320 for the Dow 50% retracement in time comes in at 11/17/09 and its not like the volume is very convincing.
Myspace, isn't the volume of trading both up and down an important indicator of trend direction. I have heard a comment that there is no volume on the way up but volumen on the way down indicating (short) selling activity. Just a guess, thanks D
Well, as far as the DOW, much of the volume is garbage. I see little Geithner-gnomes in the shadows, frantically working their bellows to keep the level inflated. But the time will come when even they run out of steam, and it becomes apparent that it's not just the Emperor's new clothes whose fabric is invisible.
Always nice to see your vids. Be well, you and yours! =^[.]^=
You dont mention the correlation between the falling dollar and the rising market. Are you expecting the market drop to correspond with a reversal in the dollar direction or an end to the correlation?
Intresting week, market went up and touched near our targets and stalled.
Next week is going to be important to say the least.
myspacesecrets 2 years ago
OMFG dude, you nailed it again....
within a few points!!!... CRAP! I love this channel.
Might add some shorts next week...thankyou :)
igotflickedoff 2 years ago 5
Looks like we are going to get a nice pull back for those who missed the move up and still can get into your gold and silver positions. Your right, Patience is a virtue..
formulaprimer 2 years ago
good stuff !
artdeco101010 2 years ago 10
Looks like we are setting up a divergence in the dow and s&p with same major divergence indicators. We might be able to get into gold and silver with a nice pull back. I have the possible downside is around 14.50 US silver and lower. What do you think?
formulaprimer 2 years ago 5
Technically this market has almost all the signals to confirm that what's transpiring is a major top.
Let's see what type of correction we get in november.
sal22mazzo 2 years ago 5
This comment has received too many negative votes show
TA doesnt work.....
zgreg427 2 years ago
OMG.... This made me laugh. Get a clue. GO back and have a look at our Gold chart analysis...
Ha ha... Then I have been making money in our markets for over 10 years by accident.
Dont think so!!!
Without some sort of technical analysis in these markets you fail. Fullstop.
myspacesecrets 2 years ago
who is this idiot.
I made over 5k with myspace video and an email he sent me. What a loser this guy is.
bigelkhorn 2 years ago 5
Any alternatives? There's lot's of unkowns to throw the mkts...but...as long as there are day traders....there will be technicals to some degree.
dgmoocher 2 years ago
great videos, thanks again.
slymartins 2 years ago
i hate sitting on the sidelines with no positions!............its like crack,i need it
shaylo2006 2 years ago
patience is a virtue!!!
myspacesecrets 2 years ago
thanks again for your videos!
i have been winning in the last couple of months,but im in all cash now.
shaylo2006 2 years ago 2
Thanks for your updates and timely reporting.
All the best.
capcom101you 2 years ago
Thanks for posting a new video.
Great job as always.
PrepNow 2 years ago
So basicly the stock market and these charts dont actually mean anything anymore? Accept for people who are gamblers?
The crash is happening its still happening now and its independent of this data.
Danster82 2 years ago
pfffttt
moron!
bigelkhorn 2 years ago
whats wrong bigelkhorn? dont like the realization that your nothing but a gambler and leech on the face of this planet?
Danster82 2 years ago 2
SO all hunky dory now? hmm.
SouthFacedWindows 2 years ago
Nice job as usual. Thanks brother.
CoinsFreedom 2 years ago 2
Love your charts!!! I'm actually starting to understand them:)
fal2grace 2 years ago
great, practice makes perfect, there are alot of advanced traders who watch this channel though.
Keep up the good work.
myspacesecrets 2 years ago
Low interest rates and printing money may push it well beyond the vacuum area
ozwasp 2 years ago
Interesting, but what do you guys think of Robert Prechters elliotwave forecasts? he's picking a new low on the 3rd wave down very soon?do you guys not think much of elliotwave theory?or does it tell you something different?
mlndstream 2 years ago
No stockmarket crash then?
justjacqueline2004 2 years ago
Thanks Myspace! I always look forward to seeing your analysis. I can't help but think this also correlates to the predictions of a late October drop in the Dow too. So many are seeing the same thing!
AfterTheFox75 2 years ago
God this stuff is boring! I am so happy I am a creative/right-brain dominated person.
brendandylanmaloney 2 years ago
sorry fell asleep reading your post...you were saying LOL
myspacesecrets 2 years ago
it's not so boring if your about to gain or lose money when the predicted move does or doesn't happen, otherwise it would of course be completely uninteresting...unless you were interested in learning how to 'put the odds in your favor' and make money from it. But if your creative/right-brain is putting food on your table instead, then power to you:)
mlndstream 2 years ago
If the US stock market does correct down do you think that the Aussie stock market and Gold will slavishly follow the market down to the same extent or more as per Oct 08?
If the US market moves down I'm not sure that the dollar will rise as much as last time or that precious metals, resource stocks, emerging markets will crash to the same extent - i.e. investors might start to realise that the US is worse off than elsewhere and not be so in love with the USD?
Matlock1974 2 years ago
Thanks for the chart breakdown,
always enjoy your vids! :)
Airave 2 years ago 3
thanks for your kind words and for watching...interesting yes.
myspacesecrets 2 years ago
Watch WAMUed Nation
v=NxGBwExQDdU
Writious 2 years ago
I think there are hidden semi government institutions that are propping the market up. Big players connected with the fed.
I don't know if any of the traditional market analysis apply, I think they can keep the market creeping up, but only at the cost of the dollar.
If the dollar strengthens for some reason (they will do all they can to keep it devaluing) that could be a sign that the market will crash. But I don't think that will happen.
But don't listen to me, I'm NOT an expert.
slipcurve 2 years ago
im only 17, but ive been following you persistently
any advice from anyone to what kind of career path to take?
cause i am totally lost in this unstable future :o
patrickstarr999 2 years ago
send me and email if you like.
myspacesecrets 2 years ago
Yeah Patrick, Farming, Mechanic, Riot Police, Soldier, and Road Warrior all have bright futures.
valhala56 2 years ago
oh yeah, agriculture, engineering (mechanic) is a plus,
& being a soldier is possible
cause im sure ill see another world war within my lifetime.
bright future ahead, of course
theres also carrers in being a blackwater(xe) mercenary, gun runner,
propaganda specialist, nuclear development scientists, i mean the list goes on
patrickstarr999 2 years ago
We are very close to a 50% retracement at 1120 for the sp500 and 10320 for the Dow 50% retracement in time comes in at 11/17/09 and its not like the volume is very convincing.
carlfinkle 2 years ago
Myspace, isn't the volume of trading both up and down an important indicator of trend direction. I have heard a comment that there is no volume on the way up but volumen on the way down indicating (short) selling activity. Just a guess, thanks D
DavidAKZ 2 years ago
Five stars, widely shared. Greetings from France.
slobomotion 2 years ago
Well, as far as the DOW, much of the volume is garbage. I see little Geithner-gnomes in the shadows, frantically working their bellows to keep the level inflated. But the time will come when even they run out of steam, and it becomes apparent that it's not just the Emperor's new clothes whose fabric is invisible.
Always nice to see your vids. Be well, you and yours! =^[.]^=
Raycheetah 2 years ago 2
thx, good points!
myspacesecrets 2 years ago
You dont mention the correlation between the falling dollar and the rising market. Are you expecting the market drop to correspond with a reversal in the dollar direction or an end to the correlation?
Eggy0 2 years ago
U ROCK Mss.
Sent email.... I am up 16K just on your gold chart analysis...
Please never stop posting.
bigelkhorn 2 years ago 5
Interesting, thanx
whiskerchild 2 years ago 3
I am anxious for the apocalypse
labartic 2 years ago