Users: Dimon: 20170209_tlt.png

20170209_tlt.png

TLT in accumulation.

20170209_tlt.png
See Full Size

Comments

DimonDimon
by the way. This is bullish for gold 2/9/17
Holy Hand GrenadeHoly Hand Grenade
Can you explain what Reversal =3 means? 
You are multiplying # of days by reversal by box size to get a target and a date, the date being 10 trading days from yesterday, for a total of 30 days from when the accumulation began? 2/9/17
Silver SingularitySilver Singularity
I disagree 
That's not bullish for gold. They were correlated but won't be anymore IMO 
TLT will rise and gold will fall 2/9/17
Holy Hand GrenadeHoly Hand Grenade
I disagree. Gold=TLT=short dollar=short US stocks=long emerging markets. 2/9/17
Silver SingularitySilver Singularity
I'm sorry for you are totally wrong IMO 
gold does NOT=TLT 
And even more, short$ does NOT= (at all!) short US stocks  
That's the basic fundamentals bro 2/9/17
DimonDimon
This is Wyckoff's method of calculation of minimal target of coming rally.  
Number of accumulation columns * 0.5 box size * reversal threshold set to 3 box sizes 2/9/17
DimonDimon
One of true gold's fundamental is real interest rate. Declining real interest rate (rising TLT) is bullish for gold. One can see correlation between $USB, $USD and $Gold here http://stockcharts.com/h-perf/ui?s=$USB:$USD&compare=$GOLD&id=p41630145855 2/9/17
ClawsClaws
@Dimon Thank you for showing that. Very interesting. 2/9/17
DimonDimon
Of course Claws. 2/9/17
...

Actions

Stacks

Posted

Dimon
  • By: Dimon
  • On: 2/9/17 6:37AM

Statistics

  • Viewed by 21 SocialTraders
  • Only rated by one SocialTrader:

Rated By

  • Claws