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I concur.Weekend gaps also make good plays in Forex's.The Gold US$/OZ will cover within 3 days starting after the up or down gap day,if it doesnt do so on the day it gaps.This is not so on gapping futures.FTUA!!!
As stated:"Gold needs to cross and hold above the alltime downtrend line.Kept trying but hasn't done it,yet.My view from charts now looks to be a retrace in Gold(if Gold cant hold above the MA200 support of 1254)back to the 1245 level or a Golden Cross to form.Whichever may be first for and or if Gold is to continue to rise on its own.Trump Pump is over./FTUA!!!
Back in PM.Since Fri. was a sell off and unsure of Golds direction,I split my funds and hedged JNUG w/JDST.FTUA!!!
Im all cash ready.Interesting to see how Gold will open.A gap up,watch for a 3 day pull back to Fri closing,Vice/Versa.A no gap open would be best,unless you play the gap,as Gold is in a Bullish triangle.Gold breaks above 1260 it should hold this time around. JNUG is in a wedge within a wedge. FTUA!!!
Can you give me a loan?FTUA!!!
Im out PM.GFTUA!!!
I kept trying to jump in JDST today in the mid 13's but every time I checked my phone at work Gold kept falling.Dang Im disappointed.(My BROTHER had other plans for me.)I missed JDST's run.Well lets see were JNUG's at now,(its lunch time now 1-2pmet)TDA showed 6.51.HUMMM! http://goldprice.org/ chart was showing a double bottom was forming on Gold.HUMMM!What the heck,Lets jump back in Jnug and see if we can get some 6.45's.Took me 4 or 5 trys to place an AON limit day order,on my tiny phone. I took it as an omen that I should wait for some low 6's or 5's.Anyway,break time comes and I check my tiny phone.Order filled.As Robin would say:"HOLY TOLEDO BATMAN",I was shocked with joy.Thank you my BROTHER.Golds chart. FTUA!!!
Solders are also forming an daily chart.
Three White Soldiers
Three white soldiers is a candlestick chart pattern in the financial markets. It unfolds across three trading sessions and suggests a strong price reversal from a bear market to a bull market. The pattern consists of three long candlesticks that trend upward like a staircase; each should open above the previous day's open, ideally in the middle price range of that previous day. Each candlestick should also close progressively upward to establish a new near-term high.
The three white soldiers help to confirm that a bear market has ended and market sentiment has turned positive.Technical analyst Gregory L. Morris says "This type of price action is very bullish and should never be ignored."FTUA!!!
LOL.Gotta go.Go Gold.FTUA!!!
Thanks Sendme.I do fill bad.I seen it days in advance before posting JNUG chart but completely ignored it.Last night someone ask me to draw lines from this point to that point.These were the same points that I had already posted before.Low and behold with a slap on the face there is that 3-16 high again.Now I ask myself why?What was my purpose for me to be dishonest with myself?Worst of all I post it.Glad it did slap me in the face cause now im back to reality.My fathers son sure does work hard to help me.GBA & FTUA!!!
Its all up to Gold.As you can see in the chart,Gold was moving back up until there was a weekend gap created.Gold US$/OZ(not Gold Futures)has not left any gaps,I have not found one to be left,unfilled for more than 3 days.That gap has filled.Im hoping to see another one tonight up or down.Good money can be made on FOREX gaps. FTUA!!!
I need to make a confession.By ignorance of ignoring what was really in the charts,of JNUG and Gold,to what I wanted to really see.The bad part is the upper downtrend line breakout postings are wrong.In reality for JNUG 3-21 is not the high,its right in front of me,its 3-16.The good part is the correct bottom uptrend line shows that the bulls are back.The correct term for these lines are called wedges not triangles.JNUG chart:Golds chart: FTUA!!!
Gosh!Ok,Now were talking price analogys.I agree the NAV difference can and do vary.That is also based on the buying and selling pressure of each ETF that follows GDXJ in itself.This week there were days were JDST had a better than inverse 3x of GDXJ.As JNUG had a less than 3x of GDXJ and vica/versa in the past.Remove prices and anything else you can place on JNUG and GDXJ charts and you will see(I see the answer to my question now.)that,there are no "DIFFERENCES" in there chart "PATTERNS".FTUA!!!
K.I understand and agree with the triangle theory.You stated best to use GDXJ chart.I'm wanting to help show that there chart patterns are the same.JNUG triangle: TO post image:Copy your chart Image URL,where your chart is.When you go to Post New Msg on IHUB you will see Image on left.Click Image and you will see img img .Past Image URL in center of img]*[/img] where I placed the star.Than at top click preview to see if it worked.FTUA!!!