16+HR/DAY CONTINUOUS GOLD FORECAST, CPI-PPI 80-POINT FAT M!!
Intro - Saturday I published first draft with "regular M". Before Sunday open, I thought it should be - in the words of the crypto guys who named it originally - "big-dick M". Within 2 hours of Sunday open I knew it was just regular looking M. Monday, price spent too much time going flat at 2336 which made the M into a "bent M" or a "crooked M". The first reaction to Powell speech today broke trend, but before I could finish mapping bulls fought all the way back up completing the pattern into a "fat M".
Details - So the money for this pattern was a 50 pt leg down, which became 40, 30, BUT NOW IS 80 POINT MONSTER LEG DOWN. Why? Because already fat bulls couldn't stop eating and have made this M so fat. Of course, gluttony is one of seven sins that gold gods frown upon. The judgment for he sin of gluttony is smack down from 2375 to 2295 in 30 hours. These fat M's don't grow a lot, so let's nail the top and SHORT IT ALL THE WAY TO 2295.
Private posts - This is the last public post for a while to complete this M. I didn't want to be tease and go private at the top of an 80 point leg down. For those that care, we restart private tomorrow after NY close whether or not this M is complete.
Details - So the money for this pattern was a 50 pt leg down, which became 40, 30, BUT NOW IS 80 POINT MONSTER LEG DOWN. Why? Because already fat bulls couldn't stop eating and have made this M so fat. Of course, gluttony is one of seven sins that gold gods frown upon. The judgment for he sin of gluttony is smack down from 2375 to 2295 in 30 hours. These fat M's don't grow a lot, so let's nail the top and SHORT IT ALL THE WAY TO 2295.
Private posts - This is the last public post for a while to complete this M. I didn't want to be tease and go private at the top of an 80 point leg down. For those that care, we restart private tomorrow after NY close whether or not this M is complete.
Comment:
Trend mapping - For those that have followed it in the last year, I've already proven that continuous forecasting work. And works best at 20 hours a day because that's enough to STAY CURRENT AND RELEVANT. So I woke up this morning and the pattern had changed, but I have to respond to current price action first before I could re-map. I have to wait for "a decisive move" to start remapping AND while I re-map, PRICE IS STILL MOVING. This is WHY I DO SO MUCH ANALYSIS WHEN MARKETS ARE CLOSED. I can plan several days ahead. It's obvious NOW that it's a fat M, but that's after the price action stall and gave me time to catch up.
Comment:
6:10, right now is 56.xx, floor is 53.xx, price needs 72 before turning down
Comment:
1) but in before 72, do we check first ?
2) we are favored to check first before 72
2) we are favored to check first before 72
Comment:
3) no, not obvious that price can dip past 55.5
Comment:
4) it's 56.7 as I type, so there's a lot to see here
Comment:
5) TYPO, NOT A LOT TO SEE, sorry, could be over already
6) so waiting for 65-ish retrace then 72+
6) so waiting for 65-ish retrace then 72+
Comment:
6:28, 56.xx there are several ways that this can top
1) bc of the pattern, it's not obvious
2) but ONE OF THE WAYS is 51 first .. and the door for that is open
3) doesn't mean price will take it
4) but if slips here bit by bit... it would be favored to under 55.25
1) bc of the pattern, it's not obvious
2) but ONE OF THE WAYS is 51 first .. and the door for that is open
3) doesn't mean price will take it
4) but if slips here bit by bit... it would be favored to under 55.25
Comment:
6:53, looks like a move for 64 from 15-sec bars
Comment:
7:37, 56.30, odds of check down and lower top rising quickly
Comment:
1) with odds getting past 65 dropping
2) hard ceiling has dropped to 72-73
2) hard ceiling has dropped to 72-73
Comment:
7:44 NO, LOWER!
3) that ceiling is now under 70
3) that ceiling is now under 70
Comment:
4) down shifting the entire curve now, like this:
Comment:
Comment:
8:58, 55.84, this thing looks very different now...
1) more bearish
2) top keeps pushing down
3) it' snot obvious that there will be a higher top than 60
4) and it's not "mini tripple top like that hi-light
5) before I can figure exactly what ,
6) this line is important:
1) more bearish
2) top keeps pushing down
3) it' snot obvious that there will be a higher top than 60
4) and it's not "mini tripple top like that hi-light
5) before I can figure exactly what ,
6) this line is important:
Comment:
Comment:
LOOKS WAY DIFFERENT NOW:
Comment:
Comment:
1) in chart above, IT'S NOT FINAL
2) but I don't know how to handicap the odds here
2) but I don't know how to handicap the odds here
Comment:
3) it looks like it's making that top now...
4) I don't think so..
5) I actually think it's about to drop to 44 from 58
6) but I can't prove it
7) JUST BE CAREFUL, bc I am really confused as to what should happen
4) I don't think so..
5) I actually think it's about to drop to 44 from 58
6) but I can't prove it
7) JUST BE CAREFUL, bc I am really confused as to what should happen
Comment:
9:45 PM
8) I think this spot now and its 56.xx now IS LAST CHANCE FOR A HIGHER TOP
9) so that means:
8) I think this spot now and its 56.xx now IS LAST CHANCE FOR A HIGHER TOP
9) so that means:
Comment:
Comment:
SO 10: 19 PM ET 5/14, THAT'S THE END OF THIS POST
1) why so quick?
2) bc the maps are all out of sync
3) I'm trying too hard
4) so I have to quit here
5) NO IDEA IS BETTER THAN A BAD IDEA
6) have a good one
1) why so quick?
2) bc the maps are all out of sync
3) I'm trying too hard
4) so I have to quit here
5) NO IDEA IS BETTER THAN A BAD IDEA
6) have a good one
Comment:
Comment:
7) continuing with chart above
8) some remind me to remind everybody THAT IS THE 50 DAY PLAY
9) it's short to low at 2222 at 5/30
10) then long to 2620 at 7/05
11) obvious don't try to "nail the low" and exit "at the top"
12 that's stupid, you just gotta get close for the big moves
13) so you have bout 110 down and 370 up
8) some remind me to remind everybody THAT IS THE 50 DAY PLAY
9) it's short to low at 2222 at 5/30
10) then long to 2620 at 7/05
11) obvious don't try to "nail the low" and exit "at the top"
12 that's stupid, you just gotta get close for the big moves
13) so you have bout 110 down and 370 up
Comment:
Comment:
1) you are 5/14'
2) low is about 5/30 at 2222
3) the ONLY HARD PART LEFT IS THIS PART
4) how you get out of the triangle
5) and it as been screaming M top for DAYS! like that dashed line
6) all of sudden IT LOOKS NOTHING LIKE THAT
7) FIRST, you are not getting a bullish reversal out of this triangle
8) what it looks like now on weekly basis is:
2) low is about 5/30 at 2222
3) the ONLY HARD PART LEFT IS THIS PART
4) how you get out of the triangle
5) and it as been screaming M top for DAYS! like that dashed line
6) all of sudden IT LOOKS NOTHING LIKE THAT
7) FIRST, you are not getting a bullish reversal out of this triangle
8) what it looks like now on weekly basis is:
Comment:
Comment:
TO BE 100% ABOUT THIS CHART FROM EARLIER:
Comment:
1) IT'S TRASH, ok?
2) I know when it's trash, and right now it's trash
3) it MAY NOT DO ANY OF THAT
4) that's why I am confused, I need a break
2) I know when it's trash, and right now it's trash
3) it MAY NOT DO ANY OF THAT
4) that's why I am confused, I need a break
Comment:
5) just wait for Friday
6) IT'S NOT DONE GOING SIDEWAYS TO UP
7) I think I know what pattern too, it's GIANT M twice as long as a "fat M"
6) IT'S NOT DONE GOING SIDEWAYS TO UP
7) I think I know what pattern too, it's GIANT M twice as long as a "fat M"
Comment:
8) DONT USE ANY CHART IN THIS POST TO DAY TRADE OK?
9) YOU NEED CLARITY
9) YOU NEED CLARITY
Comment:
11:47, I got it....
1) the reason it's so hard
2) is bc it has 6 more days of sideways
3) ALL THE WAY UNTIL 5/22
4) that is NEXT WEDNESDAY
5) this is an even longer M, what a true "Batman M"
1) the reason it's so hard
2) is bc it has 6 more days of sideways
3) ALL THE WAY UNTIL 5/22
4) that is NEXT WEDNESDAY
5) this is an even longer M, what a true "Batman M"
Comment:
Comment:
1) that helps us resolve tomorrow
2) but I can't solve it in time
3) what I think is:
2) but I can't solve it in time
3) what I think is:
Comment:
4) ok play chart at top
5) it's going to be similar WITH CEILING AND FLOR AT 66 AND 42
6) like this:
5) it's going to be similar WITH CEILING AND FLOR AT 66 AND 42
6) like this:
Comment:
Comment:
7) for chart at top
8) this one took all my energy to solve'
9) it's so hard bc you cant say what it's doing unless you know
10) WHEN/WHERE THE MOVE FINISHES AT
11) and will finish sideways on 5/22 (Fed minutes release)
12) I'm exhausted so see you whenever
8) this one took all my energy to solve'
9) it's so hard bc you cant say what it's doing unless you know
10) WHEN/WHERE THE MOVE FINISHES AT
11) and will finish sideways on 5/22 (Fed minutes release)
12) I'm exhausted so see you whenever
Trade closed manually:
THIS POST HAS ENDED - ALREADY SENT OUT THE NEW ONE.
Comment:
For private post group, let me know if you don't have it.
Comment:
3:44 AM ET -- Figured it out!
1) if you didn't get the link...
2) that means they all went TO YOUR JUNK FOLDER
3) please check it if you are having problems.
1) if you didn't get the link...
2) that means they all went TO YOUR JUNK FOLDER
3) please check it if you are having problems.
Comment:
8:06 STOP USING THIS POST FOR GUIDANCE!!
1) it is not breaking 42 today, if it even gets close
2) this is NOT AN M top
3) its just faking it
4) the floor is 42
THE END
1) it is not breaking 42 today, if it even gets close
2) this is NOT AN M top
3) its just faking it
4) the floor is 42
THE END
Comment:
3:05 NO MORE POSTING SO HERE IS SOMETHING TO PART WITH:
Comment:
1) one week to 2475
2 two weeks to 2330
3) 16 days to 2290
4) this is overall pattern
5) so for the people that wanted to know overall picture for 16 days
6) that's where I stand
7) THE END AGAIN
2 two weeks to 2330
3) 16 days to 2290
4) this is overall pattern
5) so for the people that wanted to know overall picture for 16 days
6) that's where I stand
7) THE END AGAIN
Comment:
12:24 AM ET, SO HERE IS THE TAIL END OF THE FIRST BOX IN CHART ABOVE:
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