Done! But it ain't no 5-ft bar, just a tiny morsel of unleavened bread by Gold to outfoxed, outmaneuvered and overwhumped, AfterLos. However, like his buddy the US Dollar, AfterLos just noticed Silver's 50 X 200 on 1H = golden cross and Goldie fingers crossed might too. At times like these how I would love to just sell my soul and become an IRS agent
Gold: 5-wave move up on 1H from August 21 low = wave 1 up - followed by current correction = A-B-C - also the Aug 21 low must hold and not give way means that next move up is a wave 3 you fellas will be very lucky to hear what AfterLos has to say about Wave 3's but ONLY AFTER I'm proven correct. Fingers crossed
By Monday Sept 1, 2014 I would like to take another crack at the TOP-CALL. I'm reviewing all of the stuff now. I'm also getting ready to go SHORT American Express and Euro (after I see some sort of hill on 1H or 4H), my 2 successful trades but the 3rd trade and much, much larger one is the one in GOLD for which the waiting + the equally likely BULL or BEAR move is capsizing my boat. I persist nevertheless.
Dow Jones overall broad perspective view: Empire busting Broadening Top Formation clearly visible on MONTHLY Note that MONTHLY uptrendline is BROKEN in JULY & August bars (Monthly trendlines carry a lot of weight)
Why is CNBC, CNN, Wall Street Journal, etc., etc., ALL unanimously stating:? Since Year 2000 net gain is nothing to write home about = sideways market on MONTHLY basis AfterLos has the answer Unbeknownst to them, they only follow the Dow Jones priced in US Dollars AfterLos also follows the Dow Jones priced in ounces of Gold, aka Dow Jones priced in real-money Behold the chart I continually update, top panel is Dow in USD, bottom is Dow in Gold
Dow Jones priced in Gold's lessons to the those who would listen and pay heed Dow\Gold (created by AfterLos using Ratio Analysis in Metastock's Downloader) has called every bull-market TOP and BEAR-market BOTTOM since the data started, 1921 The 1929, 1966, 1999 Tops were all called by Dow\Gold The 1932 bottom of the Great Depression was also called easily The 1974 killer bear-market of giant frustration to all - notice how Dow\Gold went up and then went back down to complete the BEAR in 1980 and thereby announcing the start of the greatest bull-market that started in 1980-82 Dow\Gold topped in Sept. 1999, Dow\$ topped 3 months later in Jan 2000. Now notice the MASSIVE DIVERGENCE between Dow\USD & Dow\Gold Yeah baby, sooner or later Dow\USD aka Dow in nominal US Dollars gonna have to respond and it won't be pretty as he gots to play catch up to what the SUPREME COMMANDER aka real-money GOLD has preordained
I'm getting ready to go SHORT again as Amex just reached the 38.2% retracement of the DROP from the July 2014 TOP. Due to my problems with Gold, I'm having trouble pulling the trigger now so might wait for $85.50 - 85.00 to hammer in the SHORT. Will add more as each of the lows to the left get taken out, April 11 and Feb 4 lows.
Who knows, maybe things will get tense with Russia next week. Putin reminds the world he has nukes. No kidding. He knows a Toyota with a .50 cal is enough for pause these days.
Great Depression 2: these plays are my focus Gold (LONG until proven wrong) EurUsd SHORT UsdJpy LONG American Exp. SHORT SET50 futures SHORT currently doing research to ascertain the best bang for the buck amongst AUDUSD short GBPUSD short EurUsd short USD-THB LONG Plan for a LONG after the CRASH is cast in stone = TMB (Thai Military Bank) expectations are this could drop to 1.20 Baht at which time I will be accumulating millions of shares a piece at a time. When the breakout is solidly confirmed i.e. after the smart money has been buying and the 200-day is taken out topside, will get the certs printed and handed over to my girl to keep for LIFE - all shares will be bought in her name Expecting 5000-10,000% appreciation in TMB over the next 2 decades