Friday, January 15, 2010

60 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)


A MERE BLIP

DAILY DOLLAR CHART


THIS CURRENT DOLLAR RISE IS A MERE BLIP
IN THE OVERALL PICTURE OF THINGS

240 MINUTE MARCH 2010 YEN CHART (delayed prices)


YEN AND BONDS SEEM TO MOVE TOGETHER
WHEN THEY GO UP, IT DOES NOT SUPPORT HIGHER GOLD

240 MINUTE MARCH 2010 EURO CHART (delayed prices)


NO EURO RALLY YET

240 MINUTE MARCH 2010 T BOND CHART (delayed prices)


BONDS MOVE HIGHER FOR NOW
WILL COLLAPSE EVENTUALLY

240 MINUTE MARCH 2010 S&P 500 CHART (delayed prices)


STOCKS TOOK A GOOD HIT TODAY

240 MINUTE FEB 2010 CRUDE OIL CHART (delayed prices)


OIL HAS BEEN MOVING DOWN

GOLD WILL OPEN AGAIN ON SUNDAY AT 3PM PST AS USUAL

MONDAY WILL BE ANOTHER SHORT SESSION

GT's SLEEP DEFICIT CATCHES UP WITH HIM AGAIN

MY LACK OF NEEDED REM SLEEP HAS BEEN CATCHING UP WITH ME.

I RESTED MY EYES AGAIN THIS MORNING AND DIDN'T WAKE UP
UNTIL ABOUT 3PM PST.

REMEMBER, I WATCH THE MARKET AROUND THE CLOCK
CATCHING NAPS HERE AND THERE.

SO, BY THE END OF THE CRIMEX SESSION, I AM JUST ABOUT
PLAYED OUT BY THAT HOUR.

IT ALL ACCUMULATES SO THAT BY THURSDAY AND FRIDAY I'M
READY TO COLLAPSE AND SPEND MY SATURDAYS RECHARGING
AND USUALLY HALF OF SUNDAY TOO ONLY TO START IT ALL
OVER AGAIN ON THE SUNDAY EVENING GOLD OPEN AT 3PM PST.

EARLY HOLIDAY CLOSE AT 1:15PM PST


THE MOST RECENT DOWNTREND CHANNEL


THE LARGER PICTURE


STOCKS DOWN 150


GOLD CONTINUES TO TRADE LOWER APPROACHING THE CRIMEX CLOSE



STOCKS DOWN 142, GOLD FALLS



STOCKS STAYING DOWN 110, EURO UP SLIGHTLY


GOLD MAY DROP AT ANY TIME AS UP VOLUME IS
WEAKENING AND THERE IS PROFIT JUST MADE ON
THIS LAST RALLY THAT NEEDS TO BE TAKEN

VERY TRICKY MARKET TODAY WITH STOCKS DOWN SO HARD


EURO RISES, GOLD FOLLOWS, STOCKS OFF 110 POINTS


GOLD IS NEAR THE NEXT RETRACE POINT AND SHOULD
PULL BACK THERE A BIT BEFORE MOVING HIGHER
UNLESS IT GETS BOMBED AGAIN BY THE BULLION BANKS

GOLD PULLS BACK AS STOCKS FALL AGAIN WITH EURO


GOLD RALLIES VERY CAREFULLY BUT STEADILY TO THE 1ST 75% RETRACE POINT


EVEN WITH STOCKS AND EURO NOT RALLYING
GOLD IS STILL CLIMBING. A GOOD SIGN
AT LEAST IT DIDN'T COLLAPSE LOWER. ANOTHER
GOOD SIGN

GOLD FORMING A LITTLE LEDGE TO FALL FROM



THE QUESTION IS:
HOW FAR AND FAST CAN GOLD RALLY UP FROM THIS LOW?

GOLD HASN'T BOTTOMED YET AS STOCKS, OIL, EURO ARE DROPPING FAST AND FAR


GOLD DROPS MUCH FURTHER TOWARDS THE 75% RETRACE POINT AT 1125.5


STOCKS, OIL, EURO PULLED BACK SO GOLD DROPPED


STOCKS, OIL, EURO RISING, GOLD STARTING TO MOVE HIGHER


GOLD IS WORKING HARDER AT RISING THAN I'VE
EVER SEEN BEFORE, ESPECIALLY WHEN THESE OTHER
MARKET ARE RISING TOO.
LOTS OF SELLING PRESSURE COMING IN FROM THE
BULLION BANKS AND THE PPI SUPPORTING THE DOLLAR

GOLD RETRACES TO THE 75% POINT


GOLD HAVING TROUBLE BOUNCING UP
COULD GO LOWER

EURO, YEN, OIL FALL STRONGLY PULLING GOLD DOWN


NOT MUCH REACTION TO THE CPI REPORT


IF GOLD DOESN'T TAKE OUT THE RT SHOULDERS,THE INVERSE H&S PATTERN SHOULD RESOLVE UP


GOLD MOVES DOWN ON THE CRIMEX OPEN ANTIICIPATING THE CPI REPORT




CPI REPORTS IN 10 MINUTES ON THE HALF HOUR

THEY SHOULD MOVE THE MARKET STRONGLY

120 MINUTE MARCH 2010 T BOND CHART (delayed prices)


BONDS HAVE BEEN RISING

60 MINUTE MARCH 2010 EURO CHART (delayed prices)


EURO HAS BEEN MOVING DOWN

15 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)


THE LARGER PICTURE


HOLIDAY TRADING SCHEDULE FOR FRIDAY AND MONDAY

http://www.cmegroup.com/tools-information/lookups/advisories/clearing/files/Chadv10-11.pdf

GOLD WILL TRADE FRIDAY AND MONDAY ON A SHORT TIME SCHEDULE
SEE THE YELLOW HIGHLITED PARTS

MORNING REPORTS: CPI AND CPI CORE INDICES ON THE HALF HOUR

CONSUMER SENTIMENTREPORT AT 10AM EASTERN TIME

GOLD STILL WITHIN THE BLUE UPTREND CHANNEL


GOLD HAS BROKEN OUT OF THE THIN WHITE LINED
DOWNTREND CHANNEL AND IS MOVING HIGHER OFF
THE LOWS OF THE OVERNIGHT SESSION

GOLD PULLS BACK FOR THE 3RD LEG UP


GOLD MAKES IT UP TO THE 2ND 75% RETRACE POINT AND PULLS BACK


GOLD STARTS BACK UP


GOLD MATCHES THE PREVIOUS LOW OF THE THURSDAY CRIMEX DAY SESSION OF 1130.7


GOLD MOVES LOWER AHEAD OF THE CRIMEX CLOSE


GOLD IS BACK ON THE SESSION LOWS




THE 2ND LEG UP HITS A 75% POINT AND PULLS BACK



AS WE GET CLOSER TO THE CRIMEX OPEN
IT WILL BE LESS LIKELY FOR A RALLY HIGHER AS
THE GOLD BASHERS WANT TO KEEP GOLD LOWER

GOLD RETRACES 75%, NOW BACK UP?




GOLD FINALLY HITS THE 1ST 755 RETRACE POINT


GOLD ALMOST MAKES IT TO THE 75% RETRACE POINT BUT STALLS


GOLD CONSOLIDATING WITH A BIAS TO THE DOWNSIDE, BUT SHOULD MOVE HIGHER AFTER THIS CONSOLIDATION IS COMPLETED