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Registered User
Joined: 3/16/2006
Posts: 2,214
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Registered User
Joined: 12/31/2005
Posts: 266
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i'm seein an h & s bottom on the weekly., with neckline along the old highs. with the fed printing trillions, eventually you'd think its gotta go. but it looks asleep right now. stayed tuned.
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Registered User
Joined: 7/1/2008
Posts: 889
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Thanks for the post signaltap. Would you mind telling me a little bit about the custom indicator you have in the middle pane...it looks like %true (not the stochastics).
I've never used this...but I've seen it in a few of your charts, and it seems to often coincide with an important turn.
Would be interested to hear how you use it, and what the PCF formula is.
Thanks!
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Registered User
Joined: 1/28/2005
Posts: 6,049
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"Would you mind telling me a little bit about the custom indicator you have in the middle pane..."
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See this:
Thanks
diceman
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Registered User
Joined: 7/1/2008
Posts: 889
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thx dice
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Registered User
Joined: 7/1/2008
Posts: 889
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wow, the results of this indicator are pretty impressive, both from a reversal standpoint, as well as times when the security fails to reverse on the signal. (as a sign of a very strong trend at work)
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Registered User
Joined: 1/30/2009
Posts: 267
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I am trying to enter this code into StockFinder but I am having problems with the %true's. Anyone know how to do this in SF?
BTW, signaltap, whatis your indictator saying now about the major indexes?
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Registered User
Joined: 2/13/2005
Posts: 368
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Bravo SignalTap. Thanks for sharing this indicator with us. It has been very good when I backtested on a lot of the stuff that I look at. Between this indicator and the CCI20 that was also shared by wse?? I am getting my money's worth out of TC2000.
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Registered User
Joined: 2/21/2007
Posts: 797
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Is there anything asked that diceman does not have an instantaneous response to? absolutely amazing!!!
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Registered User
Joined: 3/16/2006
Posts: 2,214
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Registered User
Joined: 3/16/2006
Posts: 2,214
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please look @ those EMA lines! red,green and yellow lines on this Fidelity Gold (FSAGX) today is the begining of a longterm uptrend on all gold stocks! come on $1,200 Sig
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Registered User
Joined: 7/1/2008
Posts: 889
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There's also this...
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Registered User
Joined: 1/30/2009
Posts: 267
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Ben, you have the same lines drawn as me (confirming that maye I do know a little) except I deleted the lower trend line in favor of the horizontal blue line as the blue line looks like the base to me. I am long gold until it breaks below the blue line. But for now, higher highs and higher lows. Com'on $1200.
This week, I read an article presenting an agruement for gold to be at $1250 by the end of June and $1600 buy December. Let's how the article is correct.
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Registered User
Joined: 7/1/2008
Posts: 889
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Nobody knows where gold is heading...just remember to take articles like that with a grain of salt.
Intuitively gold should rise, but the issue is complex as always. The IMF has the 3rd largest reserves in the world, and they want to sell a bunch of it now. India is a major source of demand for jewelry, and they don't like to pay more than $750 an ounce.
On the other hand, gold is very underowned from an institutional standpoint with central banks, foreign reserves, etc. Interest rates are probably heading higher (yields broke out in the past week) which favors gold.
I think gold will go higher, but in this game nothing is a given!
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Registered User
Joined: 5/6/2009
Posts: 10
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QUOTE (ben2k9) Nobody knows where gold is heading...just remember to take articles like that with a grain of salt.
Intuitively gold should rise, but the issue is complex as always. The IMF has the 3rd largest reserves in the world, and they want to sell a bunch of it now. India is a major source of demand for jewelry, and they don't like to pay more than $750 an ounce.
On the other hand, gold is very underowned from an institutional standpoint with central banks, foreign reserves, etc. Interest rates are probably heading higher (yields broke out in the past week) which favors gold.
I think gold will go higher, but in this game nothing is a given!
Agreed. My indicators are not as optimistic, even tho it SHOULD go up given the coming flood of Obamaflation.
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Registered User
Joined: 3/16/2006
Posts: 2,214
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Goldmania!
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Registered User
Joined: 7/1/2008
Posts: 889
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Do chart patterns work??
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Registered User
Joined: 7/1/2008
Posts: 889
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and speaking of other patterns, gold is forming an inverse H&S on the weekly chart. The price target would be a minimum of $1,300 /oz upon breakout above $1,000.
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Registered User
Joined: 1/30/2009
Posts: 267
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I bought on the breakout and I am still long. I am waiting for a bit of a pull back to increase my position. By far, my biggest gainer for the week. Gotta love gold.
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