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The CoinGuy

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Everything posted by The CoinGuy

  1. I can't count how many of these setups I've found in markets all across the world... Goldman 'might' want to watch that next step...It's a doozy. 340 is key...and as I've already mentioned...in the DJI, 34,000. Speaking of the whole world. From my perspective...the whole world is about to come down the back side of the Twin Peak's formations secondary peak... Into a slow-motion death spiral. I'm the measure twice, cut once type... I assure you I've done my research and I don't spit charts out like these unless I'm damn sure of what I'm saying. We will follow the MOEX in 'price', but not in 'time'. What do I mean? "It's gonna take awhile...". That is my call...and frankly, I hope I'm wrong. Best Regards, The CoinGuy oh...and... This will be the final time I post this chart. Very soon here...there will be no further need.
  2. Maybe Tesla is no longer a leading issue... Best, The CoinGuy oh...and... The textbook measurement...is zero. 6 months. 10 days. I taught them to 'break the pattern' in the issue of interest and then trade the pattern against itself... A crack below 175 on Vol will be needed to confirm.
  3. fxfox... I don't know how others would read the chart. From my own perspective, I'd equate the Bear Stearns announcement with the 6.17.22 low. How many days has it been since the SVB announcement on March 10th? That's why I'm here today...and...I'll be here tomorrow(and the next day) for a completely different reason. Best, TCG oh...and... quick follow-up...
  4. It's a start. Needs to hold... TCG oh...and... ^HUI: Not looking good. Very clean reversal from the 13th. Below 260...it's over. GLD: Attempting to hold light support at 185. Needs to hold 180. SLV: Same. Light support at 23. Needs to hold 22.50.
  5. Nice Symmetry... I liked your comments from yesterday Doc... "...and the implied target of that breakout is still 4210. " That's what I've been watching since the continuation candle was left on 4.14 in the SPX. Usually semi-accurate for measuring 1/2 way points...or as a marker for HE(High Energy) events. Measures precisely to...4210. I'd like to see it get hit...maybe even a gap(8.22.22) fill? My only problem with this scenario is...last time I relied on the continuation candle...it aborted early...and...I'm sitting here staring at several pattern matches where no right peak was given. Even the current 'twin peak' is favoring a weaker right side. So...my final conclusion. I'm open to about anything between right now...and Friday's close. Just watching...waiting. I know it...when I see it. Usually...not a moment before. I'm dense like that... For all we know...it could be happening right now. Smile... The CoinGuy oh...and... Quick example.
  6. I believe my thoughts are known about NVDA, so no further commentary is needed. Although, after I read WTF's post above...I took a look at the press release from AXS in regards to releasing ETF's for individual issues. I thought this was interesting...I've never seen this style of ETF for individual issues before. My friends who have used the 2x and 3x inverse funds are always crying about slippage. I'd imagine as long as you're just taking care of business and not hanging around too long...you could do well with one of these. 1.25x get's my nod of approval. 2x(and especially 3x)...does not. Here are my thoughts on the five. Please feel free to correct me when I fall flat on my face...😊. NVDA - See above. NKE - 65. PFE - 27.50. TSLA - 35. Yes. 35. PYPL - NO comment on price. This is our old "Canary in the Coal Mine". Point blank. This issue isn't acting correctly. It should have traveled with NFLX(175 to 350) up to fill the first gap into the rest area. From my view...175...should have been a slam dunk. Remember all of the 1x/rest area/1x charts from last spring? Yet...It's still on the launch pad? I said to cover at 75? That was almost a year ago? We're still here? Avoid. If the market rolls over...AND PYPL rolls too...meaning it doesn't trade inverse? I'd say...well, you know. The PayPal chart reminds me of the Nasdaq in the summer of '01... You know what else it reminds me of? Ethereum. With all of the BTC calls to 1,000,000 a share in 90 days that I've heard...I thought I'd start my own campaign. Starting April 10th. My call is ETH to 1000 in 90 days. Wish me luck... Back inside of 2000 is confirmation that it's on its way... Best, TCG
  7. The window is now open...until Friday's close. SiP... I don't know who else has been commenting, but I've mentioned NVDA...twice. I believe this was my exact comment on Nvidia from a couple of weeks ago... I'll be standing by my statement. I enjoyed that PH. Thanks. Best, TCG
  8. Continued... Speaking of Companion Chart's. I recently updated my 'soon to be famous' The Great Unwind chart. I've add a Companion Chart to the series. I'm going to pound on this until it becomes second nature. I realize it was hard to look at the following chart and derive anything of use from it. Although...as it unfolds...that is where it starts to lay...the golden eggs. Here is the original...again. and...here is it's new Companion Chart. If you want to see the regular updated version...it's in last weeks(or so) archives here on this forum. Please take the time to study and understand this chart...and what it is saying. I do believe your financial life depends on it - for a decade to come. I'm extremely bearish on all of Europe. Although, I understand the DAX and the CAC 40's charts the best. Both of them are in serious trouble. This setup was easy to see a year ago...it tells me no one even tried to study their "Twins Peaks" Reference Chart. Before I hit..."Submit Reply" here...I took a look through my charts on the daily. The GLD is still above support at 180...currently holding light support at 185. The SLV is holding above 22.50...but the ^HUI is below 272. I'm watching this closely. Remember what I said about the HUI below 272(and UUP above 27.20?)? I'd re-post the chart, but there isn't enough room in this post...see the "Carry On My Wayward Son" chart in the recent archives. As of this moment...this chart is still active. Above 192...it is NOT. Will you get another stab uptown? Depends on 185, then 180... Boy...if that VIX get's any lower they're going to have to send out a search party. We're at what...January 2022 levels? Interesting... Best, The CoinGuy oh...and... For those so inclined. Yet...one more time. Although...It's almost too late.
  9. Passing through. No one's around? I'll leave a few charts for the 'one, maybe two' bears still hanging in there. You can come out of your caves...I assure you...it is safe to do so. Despite claims to the contrary...the bulls are running amok worldwide. Addiction has a way of...well, you know. Ok...on to the charts. Remember last week when I added two lines to the SLV chart to 'divide' the pattern? I also said...SLV would need to hold 22.50 to remain trouble free? Well...it burst right to and through 23.50...did it not? That was the peak I was looking for. Again...I'll repeat...below 22.50 and things aren't so good in Silver City. The sewers are starting to back up, the electricity is getting sketchy...and I keep hearing of muggings and break-in's going on just down the street. Be careful... Here is the simple chart I was looking at. In silver...sometimes you have to subtract 10, just like I did in 2008 from the peak @ 19.20...to 9.00. This time...I just added 10. Nice and simple. Speaking of dividing a chart. Let's take a look at the Dow? Oh...yeah, you can divide this chart too. And the Dow...is my specialty...I can slice it up six ways from Sunday. Let's see...that's one, two, three steps...in the right direction. Yes. I am calling for a 16,000 point decline. Right now. Surely...CoinGuy...You've gone insane? Look at Europe? The CAC is making new highs? We're heading straight up from here! Get on...or get out of the way! Not so fast... You see...I've been following the charts of the banks for several years(decades actually), not just the last few months...and...they've been leading this market 'by years.' What do you mean by years? Well...see for yourself. I'd say more...but a picture is worth more than my words... For those who like to study... Continued in the next post...size limitations. TCG
  10. Never forget the USS Indianapolis. TCG oh...and... From January 4th to April 14th is how many days?
  11. Whatever you do...just be careful. All of tomorrow, going into Friday. TCG oh...and... Corrected...
  12. PH... I don't like to leave things unfinished, so I wanted to let you know I read that final comment in the thread over the weekend and I'm appreciative for the clarification....🙂. I'm heading out...best of luck to everyone. The CoinGuy oh...and... I'm going to be gone for quite some time. In the meantime... I'll park this right here. Might come in handy for the one or two bears hanging on by their claws... And for those who actually studied the charts I left over the long weekend. I'll leave you with these two simple points. Let's take one small step up the learning curve. At the top of the mountain I heard these words. "It's ALL one pattern."
  13. Aye Aye Aye... Jimi. Are you serious? So...I was right the first time? Are you playing games with me? 😀. Water under the bridge. 😁 I make mistakes a 100 times a day. My actual nickname is...the "Absent-Minded Professor". I'd prefer a handle change. 😉 I just feel sorry for PH for having to put up with us.... Best, TCG oh...and...uh... CHART BLITZ UUP: Still bullish above the key. Since were speaking of the dollar. Remember this old chart? "Carry on My Wayward Son" from May of last year? What was I saying here? I asked if you can SEE it now? I added a new red circle...compare this area with the updated version of the "Was 2008 All That Long Ago? UPDATED!" chart I recently posted(in this thread) and I'll ask again...Can you SEE it now? (Although, If you're lazy...just keep scrolling and I updated the original chart below!) You know...if you look hard enough at the UUP chart...see that blue line of resistance, then a 1, then a 2? Perhaps you could stretch your imagination and...see the SPX as well? Yes. It's a twin peak formation...they both are. As is...the ^HUI. Of course...if gold pops 192(on Volume) and holds it. This chart is dead wrong...and i'll be asking Doc to change my handle to Spud Peeler. I've been talking about the ^XOI since the June 8, 2022 peak. I've been watching this unfold very carefully. The chart is set up beautifully. The pattern is exquisite. What facilitates the follow-thru has been my only thought for the last month... Remember the RH dominant "Twin Peaks"? These are my personal favorite. The declines...are brutal. So...Remember 1x/Rest/1x? Here is a pattern comparison between "The Canary in the Coal Mine", which is PYPL vs. ETH. I'm following this with great interest. It's not everyday you get market pundits calling for a million dollars a share in BTC within 90 days. Again...for the record. I am calling for ETH to 1000. in 90 days. I went ahead and updated the "Carry on my WayWard Son" chart from above... To Conclude... Until 2,24(x) to 2,25(x) then...
  14. Oh...I'm sorry. I thought Bob Coleman was PH. Hell. Now I'm confused...smile. I almost feel as though I should correct myself here, but frankly PH...you still did a helluva job. I make no bones about it...I'm proud of you. I guess the only question is who is Bob Coleman? A friend of Doc's perhaps? This has all been good for a laugh, but frankly...I need to start paying more attention...😀. Well...I leave you to it. Gotta run... TCG oh...and... I'm going to leave you with this... A lot of talk about C&H's back in '07 and '08 and I heard this last year...and in this interview. I never really followed this line of thinking and in '08 the measurement was only 134. Not good. I'm not really a huge fan of the cup and handle formation...but still will be utilizing the same measurement when it does break up and out. Now...I heard a number in the interview that doesn't match what I have written down. 284 is the simple measurement when viewing the GLD. 100+92+92...284. It's not a 100 from the recent lows... Here is my thought on the matter... Go back and look at the ^IXIC during it's explosive phase coming out of the '95 ramp. Where it consolidates one last time before exploding. What number is that? 2840. Now. When I say my long-term price target is exactly double what I heard in the interview? You might understand where I'm coming from? That is...of course...500(+10/-25) in the GLD. Remember...I follow the GLD because one of the methods of Technical Analysis I utilize needs Volume(at the turns). I've always believed the WSB(White Shoe Boys) will step in here when the yellow metal suits their interests...that time may not be far off. Although...I'm entirely more pessimistic than the gentlemen here in this forum. I know too much...and I'm getting more pessimistic as I age. Maybe the proper term is...jaded. Who knows. Take care.
  15. PH... Anytime... Although...Is someone going to fill me in on the joke? Do I know the interviewer? A poster here? TCG
  16. Will do Jimi... Schedule is getting red hot on this end...and I still need to pencil in two surgeries. I'll spare you the rest of the details other than every time I get an infection...they postpone the damn things 6-8 weeks. Twice now... There is a lot of things I'd really like to say here...I just can't find the time to sit down and spit it out. After this turn appears...I'll drop by at my designated spot at 2,240 to 2,250 and say hello. If this market cracks to the upside(and takes the GLD over 192.00)...i'll probably just hang up the commentary right here. If I'm this blind...I have no reason to be forecasting markets. I'll rip off 'ol CoinGuy's Captains bars and toss them in the trash and hang around the guys in the kitchen peeling spuds. I fit in with the blue collar guys better anyway... Spud Peeler has a nice ring to it, although...when they tossed me in the kitchen for 90 days when I was in the U.S. Navy...I didn't actually see them peeling spuds...I saw them opening #10 cans and adding water. What did TCG do in the Navy? Corrected...Charts. Been doing so for a very long time... Always a pleasure Jimi...take care of yourself. The CoinGuy oh...and... I'll leave you with a chart or three. I'd leave more, but I believe the case for the bulls and the bears has already been made known. Won't be long now...the turn will decide the fate of each. I posted the SPX version of the "Was 2008 All That Long Ago" chart on this forum, but I never posted its sister chart for the ^HUI. I just updated it for some of the guys(old students) that don't like to leave the nest. Here's a copy, but I'll post the original first... Original: UPDATED!...When you invert a peak/trough....it's because there is a specific number in mind. Check that post-it note... Did you find that 2008 low? Add 4 months... I'll conclude with this...albeit slightly edited. Can't give it all away...smile. Although, I do my best... The charts that accompany this one...you've seen these before. I consider this to be my most important series. If you don't understand what I'm saying here...stare until it's clear. Again, I will repeat. "As you enter into the formation(in 1929)...in the same manner(in 2022) you shall leave." Remember...I measure from "The Middle". The Beginning... The Middle... The End... This IS...IT Updated.
  17. I'm going to have to agree with fxfox here...this was a good interview. I have to admit...I don't listen to these shows often so I'm not familiar with the interviewer here, but I feel he deserves a little credit for asking the right questions. In that regard, I think he did a bang up job as well. Not to mention...it was also nice to see PH in an interview. Always good to put a face with a name... I've always preferred long interviews vs the latest trend...soundbytes and memes. Best, The CoinGuy
  18. No problem FTW... A trip to the magnet first is the most bullish scenario! Just as the example that was given with the SLV...here is the pattern in the GLD. There are several variations, but the current pattern is the best the GLD has to offer...and right now it's in between three different variations while it's sitting up here in the air. I've tried to give my interpretation for each variation I expect...is possible. It's not all bad... It could get very bullish here real quick...and I've given the parameters that I'm watching. IF you start to gap up from here, rest assured you're probably not coming back. Although...that is precisely the scenario I didn't want to see. I'll keep it quick, but if you go back to the low in late 2015? If you break out here...you're going into a fifth wave blow off immediately. While you can easily tack on a 1000...quickly. That isn't good for the market long term...at best...it will flip you into a long sideways consolidation and at worse. There's your blow off...it's all over. I'd prefer to take the slow path and I cannot quantify this market breaking out when silver doesn't seem ready. Therefore...I'm sitting and watching. If the bus leaves the station without me. There's always another bus coming along. I'm the buy low/sell high type. Not the buy high/sell higher type. Too much risk.. We're going to know soon enough...we're on the edge of...something. From my perspective. Across ALL markets...I'd feel more comfortable if we had another burst or two to the upside....although, I see several indices that look quite tired. Always remember... One days does not a new trend make. Turns...need to be confirmed on volume. Pretend you're from Missouri. Show me... Money Talks, Bullshit Walks. Never be in a rush...Patience. ON the flipside... TCG oh...and... Very quickly. The 'best example' against our current setup... To conclude... Please recall: Just...Double It. Isn't invalidated until the GLD pops 190 on volume.
  19. Since I'm here...I'm going to park the following charts below. Encapsulated are my thoughts in regards to the ^XOI and the GLD coupled with the long term view of the SPX. As I've said before, I operate under the premise that all markets are connected. Maybe you can get something from them...or not. Best, TCG The Original...
  20. Couldn't hold 275 eh? Whodathunkit. TCG oh...and... You've got precious metals dangling in the air here. in the SLV I do believe know 22.50 has to hold. In the GLD...I don't like the way it looks right here. It needed to make an attempt at 192 and then go on to 200. If it can't hold in the air...as long as it stays above 180...you're good. If not...well, you already know. With all of the pent up energy in the precious metals complex...if its going to break...it will be in gaps. I'm sitting this one out... I'll add this... So. Why 22.50? Let's go back to the SLV topping pattern from 2011 and add a red line to sub-divide the formation. Back then...I said the same thing at 32.50. Now...let's add a chart of the pandemic crash in the SLV as well as our current situation. Perhaps...now you can see why I said...it has to hold 22.50. If it doesn't. It's on a quick trip downtown. Hence...the Bear Market Instruction Manual...just in case. Of course...I could be wrong. If I am. The GLD will gap through 192.00 and 200.00. IF it doesn't hold those levels? Once it's back below 190. The coffin lid is shut.
  21. Gold trading with the broad market? Good morning... I went to add this conclusion to my post from yesterday...and my ability to edit my post is no longer possible. I'll add my final thought here... Below are charts of 12 banks. Every chart here is of a top 15 bank...except two. One of those two is Government Sachs, the other a regional. I've left the names of the banks off the charts...they're not needed to understand my point. Why am I posting these charts? I'm posting these so you can see where each banking issue is in regards to their respective magnet. The stronger the chart...the closer the connection to the US government. Although...despite connections...All issues will sooner or later reach their respective magnets. Now...if you think of those bank stocks as....World indices? Perhaps. Just perhaps... Russia is nothing more than...SIVB. March 10, 2023...I believe this date will be remembered by many generations to come. Best Regards, The CoinGuy oh...and... From the archives...Updated as of March 29, 2023. I'll add in closing...I saw nVidia mentioned recently. You know my thoughts on this company... NVDA. No support until 75(50 really). Everyone wonders why the huge upside here? For me...it's nothing more than symmetry. A lot of these issues like to decline the same dollar amount in the primary(200+) and secondary declines off a major peak. Pull it back on the weekly...see that high from 2018? That's your target. Although...the magnet is 50. All they have to do to make the above nothing more than gibberish is....take 275 and hold it on volume. They've got one more push...let's see how it unfolds. Funny thing though about the Twin Peaks formation...you can stretch the formation...but overcoming it? Well. Again...let's watch and see.
  22. fxfox... Correct...my only 'daily use' pen is the Lamy Safari fountain pen. I personally will buy nothing else. Although, when I do use a ballpoint I prefer the Parker Jotter and for a mechanical pencil...Kuro Toga. When even a crash can't stop people from piling into tech and crypto...you know it's not going to end well. What happens when the squirrel hits the lever and no peanut pops out? CBDC. While I'm posting, I'm going to quickly comment on the SPX. Why? It's bothering me. Something is in the air... Barring an out of left field event and from what I'm hearing...that is very possible here. Despite this possibility...as mentioned on the 17th, I'd still prefer we head to the top of the range for a secondary peak. THAT is where a nice bull/bear release(of energy) could take place. What concerns me with this is that I'm already seeing turns in other markets and individual issues that are displaying some scary behavior. Patterns and formations are both on the edge of breaking...and that is what is usually witnessed right at the turns. Are they telegraphing something...I do not know. I just know IT...when is see IT. I posted the original version of this chart on the 17th of March, here's another quick look. Russia is on the left...the SPX is on the right. This is nothing more than a Twin Peaks formation...and what I fear is that we're going to be given every point of the Russia! Russia! Russia! decline into...as mentioned....2,240-2,250. What the current lever pullers usually dish out...they seem to get in return. Have you noticed this? I'll ask again. How many days from January 4th to August 16th? The magnet in Russia was also 2,240 to 2,250... To conclude... I see a lot of talk about AI. In the office I've had a saying for years. "You are the AI they've been waiting for". 'Think' that through. Ever wonder what percentage of your own thoughts...are actually your own? If you used 2000 as a start date? Then 2008? How do you think the younger generation is fairing? Again. "You...are the AI they've been waiting for." TCG oh...and... I'll add this chart back for those who didn't see it. Tom showed me 20 videos from the last week calling for "BTC to one million in 90 day's". I call this chart, "ETH to one thousand in 90 day's". Just a simple common fourth wave pattern. Nothing fancy here. Although...please note the left/right up/down inversions within the pattern. Textbook perfect... If I could only recall 1/10th of the ways SLV has produced Coin. For some reason this chart below never made it to the light of day. I found it tucked in the archives...and updated it. I don't believe I have seen AussieBear post in the last year, but after perusing through the discussion of the last couple of weeks...I saw mention of the ^AORD. I'll post this quickly. A quick check this morning...looks like were mirroring the US broad markets. I believe the word Doc used...was...'Relentless'? Parfait. After viewing the above chart...perhaps another look at the ^XOI index is in order? Think! Study! I'll close with this thought... If Lloyd Blankfein, the ex-CEO from Government Sachs says it...it must be true. Right?
  23. Doc... It was one year ago today we were talking about the same thing. TCG
  24. Patiently waiting. Could be nothing... TCG oh...and...uh... I'll park this here for the couple of bears that are still left standing...
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