tag:blogger.com,1999:blog-2643613788950912206.post1099918708424377137..comments2023-09-17T02:33:56.785-05:00Comments on The TSI Trader: X Marks the Spot for Gold's Bottom; Silver UpdateJohn Townsendhttp://www.blogger.com/profile/13243755287314446656noreply@blogger.comBlogger15125tag:blogger.com,1999:blog-2643613788950912206.post-91819617679499106402011-06-27T10:48:39.456-05:002011-06-27T10:48:39.456-05:00Great Blog thanks for sharing your knowledge.Great Blog thanks for sharing your knowledge.TiKinoreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-67113486260995547392011-06-27T10:14:49.714-05:002011-06-27T10:14:49.714-05:00thanks john,
I'll stick to your analysis and ...thanks john,<br /><br />I'll stick to your analysis and Gary's-- I think gold /silver are both going to be trending down as you show so well in your reports.Today with the dollar down big you would of thought gold/silver would be up big time but gold is basically flat and silver is still down--At least for me there will be better entry points in the near futureRoberthttps://www.blogger.com/profile/00312302955234587786noreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-60153711695735955022011-06-27T09:48:43.568-05:002011-06-27T09:48:43.568-05:00Thanks Bob. Well, if you look very carefully at a...Thanks Bob. Well, if you look very carefully at a 60 minute chart you will probably notice that for the past 6 hours the dollar is net lower and gold and silver are net higher. So, these things move around, seemingly irrationally at times, but in the end it tends to all even out. <br /><br />Traders seem to migrate from testing a high to testing a low. At the opening bell last evening (Sunday 6 pm EST) the dollar was tested up to 76.60 (Sept contract). Now, some 14 hours later, the dollar is being pushed to test the low of last Friday (around 75.50). My hunch is that once that issue is resolved, the dollar will turn up and work on testing the high achieved last night, and so on. <br /><br />It's just the way the game works. You have a group of folks bullish and another group bearish. Each is in the market to make money, of course, and think their direction bias is correct. One group always wins a battle, the other group loses. The winning group then demands that price go their way, and for a while it does. At some point the other group charges out of the recovery room or the medic's tent and starts a new battle to reverse direction. And on and on. <br /><br />I write all this to try and explain that these ups and down during the day are usually benign when compared to the bigger picture. If you are bullish and the bears have been winning for several hours, it just gives you a better entry point. Something to smile about, right?John Townsendhttps://www.blogger.com/profile/13243755287314446656noreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-2736492643281889742011-06-27T09:13:22.389-05:002011-06-27T09:13:22.389-05:00Hi John,
great posts--today is very strange, doll...Hi John,<br /><br />great posts--today is very strange, dollar just dropped down for some reason, but oil, gold, silver are also down --what is your take on the dollar dropping like it did and the metals dropping also-Roberthttps://www.blogger.com/profile/00312302955234587786noreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-71296099278462197712011-06-27T07:33:15.649-05:002011-06-27T07:33:15.649-05:00Douglas - I don't use moving averages per se. ...Douglas - I don't use moving averages per se. But what I do see is that everything has made bearish crossovers of the TSI (7,4) ZERO line. I have no clue what equities will do before the 4th of July long weekend. I do think that once the S+P trades below 1241 it's time for me to buy TZA.John Townsendhttps://www.blogger.com/profile/13243755287314446656noreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-706214305305256652011-06-27T07:27:05.701-05:002011-06-27T07:27:05.701-05:00Jeff - I have never studied that.
Tracy - I slept...Jeff - I have never studied that.<br /><br />Tracy - I slept well, thank you.<br /><br />IAmPhoenix - awesome! Now for +2.<br /><br />Nik - thank you for being a reader!John Townsendhttps://www.blogger.com/profile/13243755287314446656noreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-84678801025378038052011-06-27T05:26:52.567-05:002011-06-27T05:26:52.567-05:00John
GDX,GDXJ & SPY all show positive crossov...John<br /><br />GDX,GDXJ & SPY all show positive crossovers of their TSI moving averages while GLD shows a very negative crossover. To my untrained eye it seems possible for equities to go up as they frequently do before the 4th long weekend. Then down?<br /><br />Thanks for the continuing education.Douglasnoreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-33688157484167035172011-06-27T00:27:23.316-05:002011-06-27T00:27:23.316-05:00Thanks for the update John.Thanks for the update John.Niknoreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-57075317057944063402011-06-26T23:01:00.293-05:002011-06-26T23:01:00.293-05:00+1+1IAmPhoenixhttps://www.blogger.com/profile/05291585988522073060noreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-41774765475103779792011-06-26T22:27:04.293-05:002011-06-26T22:27:04.293-05:00Thanks John , have a nice dream.
TracyThanks John , have a nice dream.<br />TracyAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-46718890065350253702011-06-26T22:02:44.774-05:002011-06-26T22:02:44.774-05:00John great post. Do interest rates follow the sam...John great post. Do interest rates follow the same "cycle" that gold and stock market does?jeffnoreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-73076422816596516692011-06-26T21:47:12.490-05:002011-06-26T21:47:12.490-05:00Dan - Thanks.
Gilbert - I'm going to sleep to...Dan - Thanks.<br /><br />Gilbert - I'm going to sleep tonight like a baby.<br /><br />Anon - I think the entire market will be down considerably over the next 4 weeks - maybe 200 S+P points.John Townsendhttps://www.blogger.com/profile/13243755287314446656noreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-37437431420980403032011-06-26T21:37:10.210-05:002011-06-26T21:37:10.210-05:00JOhn, is it just the metals or the entire market d...JOhn, is it just the metals or the entire market do you think will go down ?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-893774427464328302011-06-26T21:27:01.787-05:002011-06-26T21:27:01.787-05:00Thanks John, very assuring
I wish you well.Thanks John, very assuring <br /><br />I wish you well.gilbert500https://www.blogger.com/profile/06610701679491144127noreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-24599762718250772772011-06-26T20:47:05.992-05:002011-06-26T20:47:05.992-05:00Thanks for the great post!Thanks for the great post!Danhttps://www.blogger.com/profile/06532170043439921989noreply@blogger.com