The Gold Trade

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[THERollyboy123]

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[rundatrack]

Great vid.

[jjoyners]

@bebigeli -Yeah, everyone seems to pointing to 1222 as a magor pivot point, then maybe your 38.2% will be a correction low. Some seem to be looking at 1136 and 1168 as low pivot points.

[jjoyners]

@bebigeli -Very good points but I think the weekly Aroon will remain positive during the correction.

[danielapelt7]

I'll be there :)

[bebigeli]

@jjoyners Continued: by the end of the week the uptrend could be resumed. In conclusion I'm planning on first riding a wave down with shorts and then gradually roll into counter direction stocks on the way down.

[bebigeli]

@jjoyners Versus you I'm expecting an initial shoot up followed by a larger sell off. Probably 38,2 % from the future peaks. DJI & COMPQ Weekly green Aroons are at 100, as you stated, but the SPX and RUT are at 0 at this point. I think what's more important is that with the exeption of Nasdaq, all stochastics fell deep below 80 and pointing downwards with MACD negative divergences wide spread. To regain momentum, all indicies would have to have afterburners running for 3 consecutive days.

[Stoneyridger]

Many thanks again for the analysis. I took my chances with this market and have done very well. As I promised, I am no longer bullish with the election coming. I'm out on Monday a.m. Made great gains in gold and in the stock markets over the last 6 months, thanks to your help and insights! Much appreciated.

[jjoyners]

I like to use the Aroon indicator(25) for timing the markets on a weekly basis and this indicator has turned positive recently for the major indexes. It doesn't mean we can't get a market correction but that correction would be a buying opportunity. It never gets one in at the bottom but does a fairly good job of getting one out near a top.

[nmreich]

Thanks for doing gold.