The Trend Is Your Friend

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#1 Fri, Sep 23, 2011 - 2:11pm
Xeno
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The Trend Is Your Friend

On a day like today it's important to remember that The Trend Is Your Friend.

Edited by: Xeno on Nov 8, 2014 - 5:21am
Fri, Sep 23, 2011 - 4:10pm
Dr Durden
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Right fuckin ON, Xeno! Those

Right fuckin ON, Xeno! Those should be desktop backgrounds on every Turdite's monitor.

Interesting how the blood stopped right where the 50% fib and the upper trendline met at $30-$31 area.

That $1541 in gold would be amazing!

Got GIABO? "It's called the American dream, because you have to be asleep to believe it." ~George Carlin
Mon, Sep 26, 2011 - 1:23am
Xeno
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Tx

Thanks Doc, I'm looking for the channel jump in Au to hold around 1600 but maybe Ag holds somewhere in the middle around 28 cuz it's more volatile? Because of the volatility I don't like to draw the lines from exact tops and bottoms but instead try to account for the volatility.

Mon, Sep 26, 2011 - 1:25pm
Dr Durden
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Well, we got both our

Well, we got both our marks...at 2 am in the morning. I'm fairly confident we reach down and retest them before the strong hands bid it back up the channel, but who knows...this shit is bananas. 

Got GIABO? "It's called the American dream, because you have to be asleep to believe it." ~George Carlin
Mon, Sep 26, 2011 - 4:56pm
Xeno
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Yeah, it's nutso alright. I

Yeah, it's nutso alright. I got to stop watching this all night for confirmation b4 nap time which somehow changes a 3hr nap into a 7hr sleep in.

Oh well, OpEx and rolls tomorrow with end of month/quarter/fiscal year window dressing coming up. China Holiday next week with the payroll report fun and games.

May have slept through the op at a switch trade but I think you're right and we get another chance sometime next week. At least we pretty much got the buy/sell levels... or is that the sell/buy levels?

Sun, Oct 9, 2011 - 7:30pm
Xeno
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Which Trend Now??

Which trend now??

Mon, Dec 5, 2011 - 4:37pm
Xeno
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Still Trending

Still trending in the channels, albeit tenativeley. I can't post a silver update but it is hugging the bottom of the orange up channel and mid blue channel. We are at a decision point but not necessarily a complete breakdown by any stretch of the imagination. The trend remains your friend.

randomness