UNG & DGAZ Update…

Just before the site went down we were looking to take a last position in DGAZ which is a 3 X short natural gas etf when the bottom rail of the red expanding triangle was broken to the downside. The 2 hour chart shows the price action gapping below the bottom rail of the red expanding triangle on Monday of this week. If we get a backtest to the bottom red rail it should come in around the 12.30 area.

UNG 2 HOUR

The daily chart for UNG shows the bigger Diamond consolidation pattern with the little red expanding triangle forming just below the bottom rail which is usually a bearish setup. Think of the blue Diamond as a halfway pattern to the downside. Note how the price action declined into the Diamond. We should see something similar when all the backtesting is finished and the next impulse move down begins in earnest which looks very close to beginning.

ung day

The 2 hour chart for DGAZ which is the 3 X short etf we’re trading shows its own expanding triangle with a breakout to the upside.

dgaz 2 hour

Below is the daily chart for DGAZ which shows the sideways trading range this etf has been in since the beginning of the year. I’m going to take my last position in DGAZ and buy another 2500 shares at the market at 7.00 using the sell/stop on the UNG if it hits 13.33 for now. KOLD is a 2 X short natural gas etf.

DGAZ BUY

The monthly chart for DGAZ shows you why I’ve been accumulating short positions in natural gas. There is a potential very large inverse H&S bottom forming with the price action approaching the neckline. Keep in mind this is a monthly chart so things move very slowly from this perspective. With the deflationary theme in place this etf may offer some good returns.

dgaz monthy

LABU & UWTI Update…

I exited this trade when the sell/stop was hit at 31.25 on 9-21-15.

LABU UPDATE...

I’m going to exit the UWTI position as it’s not developing as it should since the breakout of the small triangle. I’m going sell 1000 shares at the market at 10.63 to close the position. The only position I have open now is the 3 X short natural gas etf DGAZ.

UWTI SELL

 

GDM Update…

First I would just like to thank everyone for their patience during this unfortunate situation we find ourselves in. Just know everything humanly possible is being done behind the scenes to get Rambus Chartology back up and running better than ever. Rambus

There is a potential pattern taking shape on the daily chart for the GDM that was virtually undetectable until yesterday. After slightly closing above the 50 dma the GDM has been declining back down to the bottom of the recent trading range that began at the August low. I have always viewed this little trading range, at the bottom of the chart, as a halfway point in the decline that began when the H&S / triangle broke down back in June of this year. Last Friday’s high may very well be the start of the 4th reversal point to the downside which won’t be complete until the bottom rail of the potential bearish falling wedge is hit. This is a perfect area for a small consolidation pattern to form. As you know there can be 2 or more individual chart patterns that form a bigger pattern. Originally I was looking at the possible H&S consolidation pattern as the halfway pattern and still is part of the nearly two month trading range.

GDM DAY

Below is the 60 minute chart for the GDM we’ve been following very closely during the formation of the H&S consolidation pattern. You can see what looked like a breakout when the price action gapped below the brown shaded S&R zone or neckline. The markets have a way to shake the bush before the original move you were looking for actually gets a chance to take place. The GDM rallied back up to the area of the tops of the left and right shoulders and with one finally gasp it gapped above the right shoulder high putting in an exhaustion gap. Now we have an unbalanced H&S consolidation pattern with one left shoulder and two right shoulders. Keep in mind this small potential trading range is still developing. Also there was a big gap made yesterday that may get tested.

gdm day 2

Rambus Chartology is Back

TO SEE RAMBUS NEW POSTS …SCROLL PAST THIS MESSAGE OR CLICK “RECENT POSTS” ON THE RIGHT….CLICK ON A CHART 2x TO ENLARGE

…………………………………………………

Welcome to this temporary site for Rambus Chartology .

It is open to all to view for the time being while we sort out all issues .

Only Rambus and Admins will be posting here .

…………………………………………………………..

Forum :

We encourage all Forum Posters and Lurkers to go to Goldtent http://goldtadise.com/ and use that excellent public forum to communicate and discuss issues while a new Chartology Forum is being recreated. If you do not have a registered user name and password there email Fullgoldcrown at gmag@live.ca and I will set you up as we have disabled the registration button there for now as a security precaution.

…………………………………………………………..

Here is a recap of what we know

1…Our site was destroyed by professional hackers .

2…There were 4 Paid members who joined the site for the purpose of taking it down .

3…Initially we thought our wordpress program was hacked due to a security breach in a wordpress update . And this may have been true initially BUT….

4…The destroyers actually hacked into the Server at our hosting site itself . Because of this we were helpless . For 2 weeks , Webmaster Audept fought the culprits tooth and nail. But he could not turn off their access because as it turns out they had acquired the super root password to the server . This is a serious breach at our webhosting company .They have finally confirmed this .

5…The perps had the audacity to contact us and offer their webhosting services for a fee !…We have reported this to the Authorities at Computer Fraud along with proof and some strong leads which will soon lead to their prosecution .

6…This temporary website was built on a new server with the utmost concern for security.

7..Paypal has assured us all credit card info is safe and secure at their site and NONE of that information existed on the Rambus Server. We have confirmed this independently .

8….We are researching all options for a new webhosting service with Support and Security a top priority…Anybody with a recommendation please contact us at the above email address . We expect to be back with fully functioning Rambus Chartology and Chartology Forum sites within a week or two , complete with a remote backup site .

9…We will be offering 1 month rebates to all members upon request once the site is back up .

10…A heartfelt thank you to all who expressed your goodwill and understanding and support during this confusing and difficult situation. We are truly a community here . We have been in operation for 4 years . We have heard from other commercial sites that hacking is a way of life and we have been fortunate that this is our first experience. What doesn’t kill you makes you stronger .

11…Rambus is itching to get back at his desk and will be posting here as soon as possible . This Temporary Site will be an open site so no log in necessary for the time being .

12..This Post will remain at the top of the page for now. Please Scroll Down to See Rambus Posts.

Questions …. gmag@live.ca

………………………………………………………

Thanks for your patience and Understanding..All For One and One for All…

Dave , Todd . Laveta and Gary

GDM Update…

The 60 minute chart below shows the GDM running into its first resistance point at the previous left and right shoulder highs at 395. This would be a good place for it to take a little rest. A break above the 395 area would be positive for a run to the top of the potential trading range at 442. First it has to get past the 395 area.

gdm update

Transportation Average Update…

I’ve adjusted the neckline to the most recent low as the old neckline became obsolete. The next important area of resistance is the bottom black rail of the 5 point bearish falling wedge reversal pattern at 8430. If the transports can trade above the 8430 area the bulls will be talking to us. You can see how it has held resistance 3 times so far on the backtests.

transportatino