Rambus Chartology is Back

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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 .

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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.

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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

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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

$RUT Update…

Today the RUT is breaking above the top rail of a potential 5 point bullish rising wedge reversal pattern. All the indicators are looking good as well along with the 20 ema.

RUT DAY

The TNA is a 3 X long etf for the $RUT which is showing the same pattern but the volume is very very light. We’ll see what happens after the fed announcement.

TNA

Wednesday Report…Hackers Schmackers : You Can’t Kill the Charts

Lets get right to the charts tonight as there is so much happening right now in the markets. The first chart we’ll look at is $WTIC, oil. Today oil finally completed the triangle consolidation pattern I’ve been waiting for. Below is a daily chart for the game plan I laid out several weeks ago in which I was looking for a halfway pattern to form in this general area. This red triangle should give oil enough gas to move up to the brown shaded price objectives between 54 and 56. That’s where the bigger picture comes in. Many times the right shoulder will be of an equal height as the left shoulder as shown by the horizontal black dashed trendline at 53.85. That is what I’m shooting for. The 54 area will also be the place where I will reverse positions, selling UWTI and buying DWTI which is a 3 X short oil etf. As you can see if oil does put in a right shoulder around the 54 area we’ll have a very large H&S consolidation pattern. So far so good.

oil day red triangle

Natural Gas is another 3 X etf we have that backtested the bottom rail of the blue Diamond yesterday where we took our third position in DGAZ. I’m using UNG as the proxy for Natural Gas. UNG does have a bearish setup with the red expanding triangle forming just below the bottom rail of the blue Diamond. I plan to take a fourth and final position when the bottom rail of the red expanding triangle is broken to the downside. I’m using UNG to set my sell/stop for DGAZ at 13.33.

ung day 55

The $NATGAS spot price chart also shows a blue Diamond consolidation pattern with a backtest yesterday to the bottom rail.

NATGAS DAY

The weekly chart for $NATGAS shows its massive H&S top which is the main reason I’ve been hanging on to our DGAZ trades. You can see how the blue Diamond consolidation pattern is forming right in the middle of the lower price objectives. You never know 100% for sure if the backtesting process is finished but it does look like it on this weekly chart. We need to see a new weekly closing price for more confirmation the pattern is complete.

natgas weekly h&s top

We have several positions, long the biotech sector, using LABU, which is a 3 X long etf. The 2 hour line chart below shows an inverse H&S bottom that has broken out above the neckline.

xbi 2 our

The daily chart for the XBI shows a strongly slanted inverse H&S bottom in place. We could still see a backtest to the neckline and the 200 dma at around the 74.08 area.

xbi day 1

Next is a long term daily chart which shows the H&S top which led to the recent decline. Now we have an inverse H&S bottom which should reverse the short downtrend. The neckline is our line in the sand, above positive and below negative.

XBI LONG TERM DAY

Lets now look at the 60 minute bar chart we’ve been following for the GDM which shows the gap up this morning above the brown shaded S&R zone and now we can see a small H&S bottom neckline was also gapped at the same time. This is the reason I exited our Kamikaze positions this morning. The top of the brown shaded S&R zone was our line in the sand, below positive because we were short and above negative.

gdm 60 min bar5

With the bounce off of the bottom rail this morning I now have to respect the fact that we maybe forming a sideways trading range with the bottom at 360 and the top at 435. If that is the case then the GDM is starting its 3rd reversal point to the upside which won’t be complete until we find where the possible fourth reversal point begins.

GDM DAY LINE

Below is a long term monthly chart which is showing us a possible ping pong move between support at 350 and resistance at the previous low around the 442 area. That would tie into the possible horizontal trading range we looked at earlier.

gdm monthly

The long term daily chart for SLV shows the brown shaded S&R zone / neckline coming in at 14.70 which has held resistance several times so far.

slv day s&r zone

The long term monthly chart for SLV shows you how important the neckline at 14.70 is. We are now in our third month of breaking out and backtesting the neckline at 14.70.

slv monthly

Next we’ll look at daily chart for Gold which shows all the important moving averages. Today Gold tested the 50 dma with the other 3 just overhead.

gold ma

The next chart for Gold is a weekly look that shows the downtrend channel that has been in force since the bull market top. The top rail of the parallel downtrend channel was just recently touched about three weeks ago. The 65 week moving average now comes in at 12.07.

gold weekly donwtrend channel

If the CRB index is showing us anything the little red triangle that broke out today maybe showing us a halfway pattern to 213 or so as shown by the blue arrows.

CRB DAY

The daily chart for the $GNX, which is another commodities etf, shows the same small red triangle as the CRB.

GNX DAY

Lets look at one last commodities index the DBC which trades with alot of volume. It to is showing us a small red triangle that I’m viewing as a halfway pattern to the upside right now.

DBC TRACKING

Lets finish up by looking at the US dollar for some clues on what might be happening. This daily chart shows the big impulse move up accompanied by all the small red consolidation patterns. After finally running out of gas earlier this year the US dollar has been chopping out a sideways trading range which looks like a bullish falling wedge at this point in time. As you can see the US dollar has completed 3 reversal points so far with the fourth one in progress.

us dollar

The long term monthly chart for the US dollar shows you some classic Chartology. Note the massive base that formed over 10 years. Note the string of white candles that formed the impulse move up. With such a big base it stands to reason that the US dollar would be forming a halfway pattern in this general area. It’s just consolidating that massive rise out of that big base.

US DLLAR MONTH

Depending on how tomorrow goes I have many more charts to show you on the stock markets. I’m going to wait until after the fed announcement tomorrow before I take a position in the stock markets. Tomorrow should be interesting as usual on the fed announcement days. I hope this posts. All the best…Rambus

Late Friday Night Charts…Psychological Warfare in the PMs vs the Big Picture

Tonight we’ll look at the precious metals complex and see how this game of psychological warfare looks from a Chartology perspective. I know many are disappointed by the short covering rally at the end of today’s trading but this is how markets work. They do everything they can to throw you off the trade and just when you think you have it figured out it will change again. The big question is did this short covering rally change the bigger picture? If one just looks at the very short minute charts they will see the end of the day rally as being pretty significant but the further you go out in time the less it affects the appearance of the chart.

Lets start by looking at the combo chart for the HUI and GLD that we’ve been follow for a long time now. Both the HUI and GLD started their 27 months consolidation patterns on the same day back in April of 2013. They both broke below their respective bottom trendlines on the same day on July 16th of this year. That big breakout occurred on very heavy volume with a big breakout gap. The breakout is now almost two months in the making. Remember how you felt when the HUI gapped back above the bottom rail of its big bearish expanding falling wedge? How could this be with such a perfect breakout? Now when you look at the HUI chart on top that move back above the bottom rail doesn’t look so terrible now as the HUI made a new multi year low at one point today.

The GLD chart at the bottom stayed inside of its bearish falling wedge a little longer than the HUI did but this week it broke back below its bottom trendline. You can see it made a small H&S pattern right on the bottom rail. It’s now in the process of backtesting both trendlines which would come in around the 108 area. This combo chart shows nothing is broken yet with these two stocks only short sellers spirits.

hui gld combo

Below is a triple combo chart which has the HUI on top, GLD in the middle and SLV on the bottom. This is a comparison chart which shows you how they tend to move together. It’s not a perfect correlation but pretty close. This chart makes it very clear that the HUI has been leading the metals lower as it was the first one to breakout of its smaller H&S #1 neckline. As you can see all three formed a double H&S top. Almost exactly one year ago both GLD and SLV broke below their neckline #2 and have been backtesting it ever since. That’s almost a whole year of chopping sideways going basically nowhere. The main takeaway from this chart is that the big neckline #2 has held resistance for GLD and SLV. As you can see the HUI and SLV are trading at multi year lows for the month of September with GLD not far behind.

What is striking about this triple combo chart is how much weaker the HUI has been vs the metals. I think this chart is giving us a pretty clear picture of which one of these three is going to bottom first. Note how much lower the price action is for the HUI vs GLD & SLV. GLD and SLV are still pretty close to their respective neckline #2 while the HUI is trading way below its neckline #2 in both time and price. So from a long term monthly perspective there is nothing remotely bullish about these three stocks as they’re basically trading at four year lows.

hui gld slv triple

The next chart is a monthly look at gold which shows its bull market created and expanding rising wedge. It has a classic symmetrical H&S top as shown by the neckline symmetry line which shows the height for the left and right shoulders. Another interesting thing about that massive H&S top is how the left shoulder and head formed inside of the expanding rising wedge while the right shoulder formed as the backtest to the underside of the bottom rail of the bearish expanding rising wedge. The brown shaded area shows the possible two price objectives. The massive H&S top measures down to the 750 area while the 2008 crash low comes in at the 680 area. Its been close to two years now since I first posted the possibility for the massive H&S top which I know feels like an eternity for some of you but this is a very big pattern which takes time to setup the impulse move down. It’s impossible to chart every little wiggle a stock makes but the big picture for gold, I laid out a long time ago, is still working and nothing is broken. Just think for a moment of all the gold bugs that still don’t see the big picture that will eventually capitulate their shares at a lower price than today’s.

GOLD MONTHLY

The long term monthly chart for silver also shows a very symmetrical H&S top in place. The brown shaded S&R zone shows the price objective for the massive H&S top.

silver month 1

Lets look at one last chart for tonight which is a 40 year monthly chart for silver. This chart shows some nice reverse symmetry going all the way back to the 1980 bull market peak at 50. You can also see the H&S top that I showed you on the shorter term monthly chart above on the far right hand side of the chart. I could be wrong but it looks like the price action is just suspended in thin air waiting for gravity to take it down. As always we’ll know in the fullness of time. All the best…Rambus

silver very long term chart