tag:blogger.com,1999:blog-547276048038789798.post7784762502569188824..comments2024-02-26T10:14:10.039-08:00Comments on Deflation Land: Charts 8/31: rally comingchristiangustafsonhttp://www.blogger.com/profile/07216348353801614419noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-547276048038789798.post-43782580445957212852012-09-05T06:58:18.082-07:002012-09-05T06:58:18.082-07:00Stuck in the triangle. 1397/8 would be key not to ...Stuck in the triangle. 1397/8 would be key not to close below (as that was the turning point for MACD cross on daily) for the upward to continue. RPhttps://www.blogger.com/profile/11206174086708572686noreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-36194727255824438652012-09-04T07:55:54.199-07:002012-09-04T07:55:54.199-07:00Well gold & silver are flat on the day with cr...Well gold & silver are flat on the day with credit CDS indices tighter on the day. So bit of anomoly with equities as Apple is up on the day as well.<br />Next big event is ECB meeting on Thursday, so need some positive talk about what Draghi can do.RPhttps://www.blogger.com/profile/11206174086708572686noreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-54970238894831486422012-09-04T07:21:13.261-07:002012-09-04T07:21:13.261-07:00Thinking this morning that we might be in a larger...Thinking this morning that we might be in a larger wave 4 that is slowly crossing a larger channel until September FOMC.<br /><br />The triangle on the chart would then be b of 4, with plenty of time left to waste (option premium to eat, etc). c of 4 would drop us to the low-mid 1390s, and FOMC would spur the final <i>weekly-Bollinger-satisfying</i> rally to a top.<br /><br />Minor scalps for deft hands, I hate wave 4s and am happy watching from the sidelines for a while.christiangustafsonhttps://www.blogger.com/profile/07216348353801614419noreply@blogger.com