SLV Update

Posted on June 1, 2012, 2:54 pm by Rambus

SLV just touched the bottom blue rail of the big bearish falling wedge at point 6. This is a critical test taking place right now for SLV. If SLV can trade above the top blue rail of the bearish falling wedge I will concede silver is turning the corner.

GLD Update

Posted on June 1, 2012, 11:26 am by Rambus

GLD broke out of it’s red triangle this morning with a big gap. Its now approaching its first significant resistance area which is the breakout gap from the blue rectangle and the 300 dma from a month ago. The 300 dma comes in at 159.54 today. This area is a big test for gold.

HUI Divergence Chart

Posted on June 1, 2012, 11:02 am by Rambus

Below is a combo chart that shows the HUI on top and the SPX on the bottom. I call this chart my Divergence Chart as it shows when the stock market is out preforming the HUI or under preforming. For the last 2 weeks or so it shows the stock market going down and the HUI going up. How long this divergence goes on is anybodies guess but until it changes we have to go with what its saying and act accordingly. You can see when the stock market had it’s big decline last year the HUI had a nice rally. The yellow vertical area shows where the HUI topped and the SPX bottomed in September of last year. This chart is suggesting, as long as the stock markets are weak in here the HUI will out preform.

EDITOR’S NOTE :
Rambus Chartology is Primarily a Goldbug TA Site where you can watch Rambus follow the markets on a daily basis and learn a great deal of Hands on Chartology from Rambus Tutorials and Question and Answeres .
Most Members are Staunch Goldbugs who have seen Rambus in action from the 2007 to 2008 period at www.goldtent.org and now Here at Rambus Chartology since early 2012 .
To review his Work and incredible calls from the 2007-2008 period click on the top right sidebar in the “Wizard of Rambus” ….”What If !!” Post
To Follow Rambus Unique Unbiased Chart Work and participate in a Chartology Form with questions and answeres and learn the Art and Science and Mindset of a Pro Trader please Join us by subscribing monthly for $29.99 at
www.rambus1.com
We have many subscribers from all over the world who are glad they did as they enjoy the many daily updates and commentaries provided at this exciting new site
As you will see Rambus (Dave) has prepared us for this difficult period by being one of the only ones to see and warn about this incredibly debilitating PM smackdown as early as Jan 2 2012 …click on the” HUI Diamond in the Rough” Post in the “Wizard of Rambus” top right
You will find Rambus to be a calm humble down home country tutor with an incredible repitoir of all the TA based protocols tempered with his own one of a kind style…simply put…He wants to keep his subscribers on the right side of these crazy volitile and downright dangerous markets
See you at the Rambus Chartology

Reminder…..From….January 27 2012….

Posted on June 1, 2012, 7:04 am by Fullgoldcrown

January 27, 2012

Priscient Note from a Rambus (HUI) post today

“Today were going to look at the HUI from top to bottom. Its been a long two year drought for most of the precious metals stocks. When silver had it’s near parabolic move higher last year the stocks barely budged and even declined in many case. Same thing when gold had it’s big move later in the year. The frustration felt by the precious metals stock investors was beyond frustration. How could gold and silver have such big moves and the underlying stocks actually go negative. All I can say its the nature of the markets to make life as difficult as possible, to wear one out with frustration, and then when the investor finally can’t take it anymore he quits in disgust blaming everybody and everything for his failure. Remember we are competing against the best and brightest investors around the world who want your money. This is a game where only the strongest and smartest survive. So keep those thoughts in mind the next time you put your hard earned capital in markets. If it was easy everybody would be millionaires and we know that can’t happen no matter how smart we think we might be.”

www.rambus1.com

is gathering a nice following from 8 coutries and counting…fun to watch it grow

To review the post which lead to this comment click on the top right under “Wizard of Rambus”

Wednesday Stock Report… A World of H&S Tops !

Posted on May 30, 2012, 10:29 pm by Rambus

Tonight I want to bring everyone up to date on the many H&S top patterns that have been forming for sometime now. All these H&S top patterns are telling a very big story as to the direction of the world marketl. These H&S top patterns are showing up in every corner of the investing complex. There are several more that have broken their necklines this week. I will let the patterns speak for themselves.

First, lets look at some of the world stock markets and see what kind of shape they’re in as this is a world wide phenomenon taking place.

One of the stronger European stock markets the DAX. Note the little red triangle forming just below the neckline.

The FTSE is alittle further along than the DAX in it’s move lower. Note the little red bearish rising wedge.

The weekly FTSE look shows a much larger H&S pattern that is almost 2 1/2 years in the making.

The monthly chart shows the similarities between the two other big topping patterns from 2000 and 2007 and our current one.

The SMSI is the Spain stock market that doesn’t have a H&S top but it does have a triangle consolidation pattern and is breaking down below the all important 2008 crash lows.

The MIB Italian stock market is also breaking below the 2008 crash lows.

The SSEC has formed a red triangle pattern that has yet been decided on which way it will breakout. Note the parabolic run the SSEC had back in 2007. This is a good example of what happens after a parabolic run is over. Its been trending down for over four years now with no real bottom in sight yet.

The NIKK daily H&S top.

The EEM emerging markets are showing a large H&S top. No area seems to be immune to what seems to be coming our way.

Lets now take a look at some of the US stock markets. Most are showing H&S topping patterns as well. The Dow is the only US stock index that is showing a double top which is still a reversal pattern.

The S&P shows a H&S top pattern with two left and two right shoulders. Note the little red bear flag that has formed over the last couple of weeks.

The RUT small cap index has a nice H&S top pattern with a bear flag forming just below the neckline which is a bearish setup.

The NYA is a broad measure of US stocks.

Lets look at one more US stock index that has the 100 biggest tech stocks, the NDX 100. Note the little red bearish rising wedge that will most likely be a halfway pattern to the downside.

I was going to show some other areas of the markets tonight with H&S top patterns but its getting late. I will bring you up to date on the weekend report. All the best ..Rambus

GLD Update

Posted on May 30, 2012, 12:20 pm by Rambus

GLD had alittle false breakout this morning of the bottom rail of it’s triangle pattern. Another complete reversal within the triangle would take the price up to the 153 area. The triangle was completed on the open this morning when it hit the bottom rail at point 5. This triangle bears watching because we don’t want to have a 5 point reversal pattern with regards to our DGLD trade. The top rail at 153 is our key line in the sand.

a Breakout above this level would be Bullish for Gold

Stay Tuned