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Posted by pimacanyon on 31st of Oct 2013 at 02:10 pm

US Dollar has broken above the descending TL that forms the upper boundary of the descending wedge.  First target would be 81, second target 82.

If the dollar continues its really to either or both of these targets, that will be a strong headwind for gold, silver, and miners.  Time to buy a little DUST?

thanks Matt

Gmail notification

Posted by pimacanyon on 31st of Oct 2013 at 10:52 am

no worries about the missed link.  I was just asking for future reference whether there's another way to get to the letters other than the calendar.  if not, that's fine.  I'll set up my email so that in the future the BPT email will get starred or put into a separate folder or otherwise highlighted for me.

thanks!

Gmail notification

Posted by pimacanyon on 31st of Oct 2013 at 10:18 am

If I miss or can't find the email, is there another way to get to the newsletter if it hasn't been linked to the calendar?

can't get to newsletter!

newsletter

Posted by pimacanyon on 31st of Oct 2013 at 09:58 am
Title: go to the newsletter link on the site

symmetry break on SPX and ES

ES Symmetry

Posted by pimacanyon on 23rd of Oct 2013 at 10:43 am

I show a slight break on SPX, but not on ES yet.  Largest pullback in the current uptrend has been 20 ES points.  ES would need to go below 1734 to exceed that 20 point pullback.

IMO gold plunged because it's still in a bear market, the charts are bearish, and traders are taking advantage of that.

Why would they need inventory to sell?  I trade bonds, when I short bond futures, I have no inventory of bonds to sell.  Why should gold be any different?  The market is made up of mostly traders who don't intend to deliver or take delivery, same as any other futures market.

JO is bipolar

JO Update

Posted by pimacanyon on 10th of Oct 2013 at 01:51 pm

JO has given back all of the move up and is now down .6 percent on the day.  Coffe is a very erratic market

JO - maybe it's waking up!

Posted by pimacanyon on 10th of Oct 2013 at 10:29 am

finally.

Not seeing the new trades yet as an Open Trade in the log, so waiting for confirmation.  Thanks!

Have a great trip, Matt!

Just wanted to verify that these systems went long today.

 

Thanks!

 

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