GDM Update…

Last night in the Wednesday Report I posted this daily chart for the GDM explaining why the current low was so critical. The current low could be the third reversal point in a bigger consolidation pattern in which we would need one more counter trend rally to get the 4th reversal point. Hopefully we’ll be able to buy back our … Read Full Chartology Article

HUI & GLD Combo Chart…

Below is the combo chart we’ve been following very closely which shows the HUI and GLD with their respective big consolidation patterns. As you can see they both gapped below the bottom rail of their two plus years consolidation patterns only to have a small selloff. It looked like the initial backtest was going to hold resistance but that wasn’t … Read Full Chartology Article

Late Friday Night Charts…PM Impulse Move Gaining Traction

This week marked a few milestones I’ve been waiting patiently to arrive in the PM sector.. When you been watching a chart pattern start to develop over a very long time you’re kind of  surprised when the day finally arrives that completes the pattern. For instance the weekly chart for gold which shows the parallel downtrend channel has two big … Read Full Chartology Article

Stock Market Updates…

This week has been very volatile in the US stock markets as you well know. The volatility started two weeks ago when the Dow dropped 350 points on a Monday I believe. That decline broke an important support and resistance line that had held support since March. This volatility has taken place just below that important support and resistance line … Read Full Chartology Article

INDU Update…

Aside

We are getting a test of the low from the big decline last Monday which is to be expected as many times it takes multiple tests before support really sticks. This is now the moment of truth as this low needs to hold support or a bigger decline can be expected. There is the 200 dma, the time cycle low … Read Full Chartology Article

HUI Update…Getting Closer

Below is a 2 hour chart for the HUI that we’ve been following since the all important low from last November. This chart shows you all the Chartology from that November low which I’ve been viewing as a H&S consolidation pattern. So basically the whole correction has been a H&S consolidation pattern within the bear market decline. This is not … Read Full Chartology Article