I Wish I Paid More Attention To This Chart
Exactly a week ago I posted about a potential head and shoulders pattern in the XBD. As you can see not only did the trade work, but the target was reached in just 5 days! I missed this trade because I wasn't focused, my mind is on other things right now.
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![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_4.gif)
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_4.gif)
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3 comments:
The chart you posted and I traded off of was the bond market leading the stock market. If that holds true, we should expect quite a bounce in August.
Yes, but you also have to look at Kevins other chart comparing the TLT with the dollar and the 30(maybe 35) day lag. What do you say Kevin?
According to my chart of bonds leading the S&P, stocks should trend lower into late August and then rally..
According to my chart of the dollar leads the bond market, bonds should continue to rally into early August and then sell off into at least early September.
My interpretation is that I am looking to buy the S&P at some point in the very near future.
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