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I would like to take a look at the recent action in the GDX and consider whether the gold stocks have now completed the correction which began in early August 2020. It appears to me that the internal action demonstrated … Continue reading
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When there appears to be a critical inflection point in any market it is alway important to go back and look at some long term charts so you don’t lose sight of the big picture. The big picture can also … Continue reading
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Lets start with a quick update on the daily combo chart for the PM complex which shows another day of consolidation within the August trading range with the exception of GLD which broke below its neckline today with a big … Continue reading
This is one of the best Tutorials you will ever read. It is Epic. 3 Years ago JANUARY 2018 Rambus had become Uber Bullish on the Stock Markets at a time when most many traders looking for a top …and … Continue reading
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We hear so much negativity from both sides of the isle that if a Republican is elected to the presidency then everything is going to hell in a hand basket and if a Democrat is elected then you will be … Continue reading
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The Year was 2013 . Rambus was navigating his subscribers through a waterfall decline in the Precious Metals. An Historic Waterfall after the Epic Run to almost $2000 . For most Goldbugs this was a horror story as they watched … Continue reading
Hi : I am Fullgoldcrown , Rambus Chartology Manager/Editor.
Some call me “Fully”. I have been with Rambus over a decade now and still consider myself a Chartology Student.
Rambus has taken Traditional Chart Analysis ( as originally developed by Edwards and Magee in their Iconic book originally published in the 50s “Technical Analysis of Stock Trends) and “tweaked ” it over the years , to add many nuances and observations based on his passionate study of the Art and Science that make up his body of work which we call Chartology.
I will be presenting one Tutorial every Wednesday to help those who are interested in this fascinating and profitable body of work.
“Give a man a Chart and he may thrive for a day. Teach a man to chart and he may thrive for a lifetime.” Anon
We’ll Start with one of my favorites . This was an eye opener for me when first published On New Year’s Eve 2012. Enjoy.
WEDGES : FACTS AND FICTIONS
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Most of the time during a bull market the short, intermediate and long term charts are pretty much in sync even during a consolidation phase. Consolidation patterns are needed to bring the overbought condition back to what is normal for … Continue reading
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Lets start with the daily bar chart for the pm complex which has the horizontal black dashed S&R line taken from the previous high. Think of them as more of a support zone, brown shaded areas on the left side … Continue reading