RIGHT NOW #047 (w/ continuous updates)
Let's get this up first and I'll add notes within 30 minutes.
Nota
8/16, 3:01 PM ET, 2502.XX NOTES
1) first and foremost on chart above
2) this version of this top and subsequent 115 pt check-down
3) REALLY HAS MY CONFIDENCE
4) the part I am still gauging is the check from 2510-2485 before 2532 and 2539
5) obviously I will update that as we go
6) BUT THE VALUE FOR THIS CHART IS THE SHORT AT 2539
7) this is why I listed this chart as neutral
8) this is why you also have to READ MY POSTS and not trade off the label
9) I say that bc I know some people ACTUALLY trade my posts...
10) by the "long or short" classification label (DON'T DO THIS!)
Nota
3:14 PM ET, 2503.xx AND I WILL WARN ABOUT THIS ONE TIME ONLY
1) I am doing my best to run a professional service
2) I am not going to get into these dumb name calling fights
3) especially when you don't know wtf you are talking about
4) I would rather you NOT SUBSCRIBE TO ME bc explaining it to you...
5) is a waste of EVERYONE ELSE'S TIME
6) & here on out - out of respect of others time - I will simply ban you
7) if you have a short fuse please:
a) stop following me
b) find some one else
c) whatever, I do not give any f's what you do
d) just don't waste mine and everyone else's time
e) just bc "you are confused by how to use the forecasts I provide"
f) the best solution is to PASS AND MOVE ON
h) have a good day
Nota
3:23 PM ET, Subscriptions will start Monday or Tuesday, whenever we hit 2530s first.
1) this only apply to members that have been w/ us for at least 1 week
2) bc all new members have 7 days to decide to subscribe
3) when this limit is reached and you do not subscribe, you will be removed
4) rates are 11.44/weekly
5) long term option is $130 for 13 weeks (or 10/week)
6) 13 weeks is 91 days or basically 3 months
7) on this note if you you are staying with me
8) PLEASE PLEASE PLEASE answer the poll on the front page of tg group
9) it's ONE YES/NO QUESTION, takes 2 seconds
10) just scroll up half screen
Nota
3:33 PM, If you are not aware this is our intermediate vague guide:
1) we are on top #3
2) for 2530-2540
3) we are looking for 6 high tops
4) followed by a correction to 44-year trend line
5) which is at 2370-2380
6) a 7th lower top will set us up for the 500 pt rally
7) the rally that I've been waiting for since March rally
8) and that sends us to $3000 by Chrismas
Nota
3:38 PM ET, and our current intermediate vague base case for silver:
Nota
1) we just hit that first box (top should be $29.15-ish)
2) then we will correct
3) when gold hits 2425-2430
4) IS WHEN YOU WANT TO BE LONG SILVER FOR THE $30-31 EXIT
5) I don't have enough time to do "RIGHT NOW" posts for silver too
6) but you that's good enough to trade silver on an intermediate basis
7) bc you go long at gold bottoms and you sell at gold tops
8) it works fine (on a several weeks basis)
Nota
3:41 PM, that's a wrap for Friday notes
a) at 2505.38 right now
b) there's only a few points of value here
c) 2-way vol will come in at or before 2510
d) you really don't want to be long with out a 20-25 pt retrace
e) YOU HAVE TO DECIDE WHAT YOUR TIME FRAME IS
f) if you are an intermediate or swing trader
-- holding through closes is fine
g) if you don't know what that means then
-- HOLDING THROUGH CLOSES IS NOT OK!
h) I don't care how good it looks, the risks are not worth the return
i) unless you are a swing trader with time frame usually in at least a week or two
Nota
3:54 PM, 6 minutes from regular NY close at 2507.xx
1) and consider out 3 week out look
2) this the "vague guide for 3 weeks"
3) where the specific levels is more important...
4) than what the "exact look" should be
5) this approach will deliver us WAY MORE WINS than what we used to do
6) that's a wrap for Friday
7) I will add notes prior to Sunday open
Nota
8/17, 2:33 PM, minor changes route:
Nota
1) basically same route
2) this is more so for Sunday night to Monday
3) everything from Monday afternoon likely to shift again
Nota
4:19 PM, WAR NEWS EXCEPTION...
1) this chart assumes no incoming war news
2) if there is war news prior to Sun open
3) THEN WE OBVIOUSLY NEED #048
4) if you trade gold, you have to keep one eye on geopolitics
5) rumors drive up prices
6) actual news cause runaway tops that result in profit taking
7) which in turn causes vertical rug pulls (ala 100-pt in 24 hours type of situation)
8) such a scenario is shaping up Tues-Wed,
9) but not as result of a runaway top, but simply bc overbought
Nota
9:17 PM, SO 4 WEEK PICTURE IS TOP #3 and #4:
-- and adding on Saturday 8/17:
Nota
Nota
Nota
3:03 PM, Chart above should be read before open. Will add notes before 6:45.Nota
6:34 PM, so replay #039:
Nota
1) in chart above, so we have been looking out for this move to top
2) and turn down hard
3) normally, a late move implies loss of velocity at this point
4) so that's WHAT WE ARE LOOKING FOR from here to 6:30 AM tomorrow
5) check-bounce-bigger retrace
Nota
7:54 PM, still a bit too strong at 2506.xx
1) it's at a decision
2) whether or not to skip 2494 check down
3) if skipped, that means the entire curve gets pushed up a bit...
Nota
#048 just got posted.
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