Chart From The Comments (Thursday)

By -

Yet another round-up of a few salient charts that were posted to the comment section of SOH today. Enjoy and discuss.

redvetttes posted: "Q's on the bottom trend line again." (link to his chart)

springheel_jack posted:

Natural Gas disappoints the bulls as ever:

NatGas

Click for bigger

Tarhini_Trade posted:

Gooooooood morning ladies and gentlemen…this is your captain speaking.
Please go ahead and check your maps on the screen in front of you.

Dia

Click for bigger

auger posted three charts covering GLD (here), SLV (here) and GDX (below):

GDX pennant forming:

Gdx

Click for bigger

facesincabs posted:

Here is an observation I made last night using the $INDU

Considering
this $INDU chart, the key here for bulls is valid follow through. BTW,
I have not even looked at the markets yet today, but a quick glance
tells me that the NASDAQ is showing relative weakness to the other major
indexes (e.g., yesterday it briefly diverged from this recent trend).

Dow

Click for bigger

St. Deluise posted:

Doing some fib extrapolation (green fibs), i am thinking the top of this
rally will be around 1099 (~1003 SPX) based on how well that jives with
current price action, around July 19th using fib time series as well
(which also predict a ST high tomorrow (1079) and a ST bottom (1067) on
the 13th.

This is mostly a goof but for the record using the
same methods i did manage to predict a low of 996 which is about as good
as you're going to get from the likes of me.

Es

Click for bigger

=^.^=

Share this post: