X Marks the Spot

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You know that saying, "If it walks like a duck, squawks like a duck, it must be a duck"?  Well, that is kinda what I think about today's price movement in GLD.
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The daily chart of GLD show us what, in the past anyway, have been the characteristics of the Duck - how it walks and how it talks.
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Often the True Strength Index (TSI) on the (7,4) daily setting makes a divergence with price at a final bottom.  Often, when Money Flow Index (MFI) on the (10) daily setting bottoms and then rises above its previous high, it is game on - time to load up and go long.  You should be able to observe this on the chart.
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Tonight we have these two distinct characteristics (TSI and MFI behavior) precisely in place and today price obliged by rallying off a significant bottom.  If what happens this time is like the past 4 or 5 times, today was the bottom for gold.
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Not to throw ice water on anyone, but I am skeptical of this conclusion.  Frankly, this was just a little too easy to have been a big-time bottom.  Volume was light, almost disinterested.  The spike to new lows mostly occurred pre-market if I remember correctly.....so no one trading had a chance to get good and scared.
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So here is how I view this for now.  Gold was oversold.  Even below the lower Bollinger Band.  So today we bounced.  And, we probably will continue to drift higher over the next many days.
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But what I know about the TSI is a couple of things.  First, when it is BELOW ZERO, as it is tonight on both the daily and weekly charts, you are never safe.  Price can turn on you and when the indicator falls below ZERO, it is guaranteed that price will also fall.  Second, I know that the ZERO level is where a lot of stuff gets turned around.  ie. it is VERY common for the TSI to make it to the ZERO level, then reverse direction.  Look at the chart - there are many instances of that which I did not mark.
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So, I think we work higher and when the TSI gets to ZERO (-0.27 now) THEN I'll put on the hard hat and cover my ears.  Maybe even sell a little.  We'll see.
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Oh, and on this chart I put a little white X to mark the spot where the TSI could reach the ZERO level and get turned back south again.  If the TSI breaks through the ZERO level and holds, well, we gonna make some serious change......
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Click on the chart to ENLARGE