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Re: Rastignac post# 38547

Tuesday, 01/16/2018 11:05:04 AM

Tuesday, January 16, 2018 11:05:04 AM

Post# of 46661
Total agreement with you and WB. The gold chart I posted showing the up channel angle is IMO unsustainable for much longer. It can eke out a few more gains for a bit or stop here. I don't know exactly when, hence my statement it is up until it isn't.
What I cannot ignore are the negative macd divergences on both GDX and NUGT dailies relative to price and between histogram and standard macd. IMO they are significant. That is the foundational TA source of my agreement with you both. (and any other posters of the same persuasion)
Add the fact that the history of markets/stocks is that the faster they rise without correction/basing the higher the odds that when the correction does come it will be correspondingly volatile creates the desire to get it over with sooner rather than later.
All JMO.