AI
| Followers | 0 |
| Posts | 148553 |
| Boards Moderated | 7 |
| Alias Born | 03/10/2004 |
Wednesday, October 03, 2018 3:55:20 PM
The Ord Oracle
By: Tim Ord | October 3, 2018
SPX Monitoring purposes; Long SPX on 9/27/18 at 2914.
Monitoring purposes GOLD: Long GDX at 18.72 on 8/17/18
Long Term Trend SPX monitor purposes; Sold long term SPX 7/16/18 at 2798.43= gain 2.95%; Long 6/29/18 at 2718.37.
The bottom window is the Advance/Decline with an 18-period moving average, while above that is the Up Down Volume with an 18-period moving average. Readings below “0” are bearish and above bullish. These indicators closed above “0” yesterday and most likely gained ground today (indicators will be updated later tonight). Over the last couple of weeks, these indicators has been hovering near the “0” line, suggesting energy is building for the next move which, with today’s strong GDX rally, appears will be up. Today’s strong GDX rally produced a “Sign of Strength” through a resistance line, suggesting a confirmed breakout. The pattern that appeared to have formed is a Head and Shoulders bottom, which has a measured target near the 21.00 range on GDX. Long GDX at 18.72 on 8/17/18.
Tim Ord,
Editor
https://stockcharts.com/articles/tac/2018/10/tim-ord-the-ord-oracle-october-3-2018.html
• DiscoverGold
Click on "In reply to", for Authors past commentaries
By: Tim Ord | October 3, 2018
SPX Monitoring purposes; Long SPX on 9/27/18 at 2914.
Monitoring purposes GOLD: Long GDX at 18.72 on 8/17/18
Long Term Trend SPX monitor purposes; Sold long term SPX 7/16/18 at 2798.43= gain 2.95%; Long 6/29/18 at 2718.37.
The bottom window is the Advance/Decline with an 18-period moving average, while above that is the Up Down Volume with an 18-period moving average. Readings below “0” are bearish and above bullish. These indicators closed above “0” yesterday and most likely gained ground today (indicators will be updated later tonight). Over the last couple of weeks, these indicators has been hovering near the “0” line, suggesting energy is building for the next move which, with today’s strong GDX rally, appears will be up. Today’s strong GDX rally produced a “Sign of Strength” through a resistance line, suggesting a confirmed breakout. The pattern that appeared to have formed is a Head and Shoulders bottom, which has a measured target near the 21.00 range on GDX. Long GDX at 18.72 on 8/17/18.
Tim Ord,
Editor
https://stockcharts.com/articles/tac/2018/10/tim-ord-the-ord-oracle-october-3-2018.html
• DiscoverGold
Click on "In reply to", for Authors past commentaries
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
• DiscoverGold
