The swing trading pivot points haven’t changed since last week. My Swing Trading Forecast Model still shows me the same trading pivot points from last week and the weeks before.
This whole thing we call investing…trading…ect…is about money flow from one asset class to another…from one country to another…capital goes to where it gets it’s best deal. Bond traders are the sophisticated traders, it pays to watch what they’re doing and when you look at the chart above of the 3 month treasury…if the yield breaks out…the sophisticated traders are going to put they’re money somewhere else. The big news has been that Paulson and Soros has a bunch of money in gold, is that the place to be?…I would say they’re smart money. When it comes to Swing Trading Pivot Points using Fibonacci you have to trade the set ups offered to you, if the pattern goes against you, you use a mental stop and get out. These are tough markets to trade, even the best of the best traders are finding it hard. I myself have a small amount of money that I speculate with. Believe it or not I have been in cash since February 2008 with 98% of my money. I’ve stated it before in many of my posts and I’ll state it again. The markets till 2016 seem to be shaping up the same way as the junk bond bubble of the 1990′s. The junk bond market went side ways for a while and then straight down. So when your Swing Trading Pivot Points…take care.
The Gold Chart above explains everything. The gold correction ended up being a simple ABC correction and nicely broke through the descending resistance line. At this point using Fibonacci analysis and a simple resistance line there is probability that we could see $2300.00 gold before the end of February.
HUI Index daily chart August 31, 2012, next swing trading pivot point September 28, 2012
The chart above shows you the next swing trading pivot point for the HUI Index. If gold goes to $2300.00, is the HUI Index going to go to new highs as well?…It could… Remember they are stocks. Using Fibonacci analysis, the HUI Index could go to 585, if that’s the case then we could see new highs in the HUI Index. The only thing I have right now is a small junior play. That’s it.
Global Dow Index daily chart August 31, 2012, next swing trading pivot point September 28, 2012
This next chart of the Global Dow Index is the kicker…There’s a head and shoulders pattern forming that is almost complete. I have explained the pattern before in previous posts but if the pattern fulfills itself look out below, if it doesn’t then it’s happy days are here again for 3 years… maybe…who knows. I’am watching this like a hawk.
Wilshire 5000, daily chart August 31, 2012, next swing trading pivot point September 28, 2012
The chart above is the Wilshire 5000. We haven’t gone to the highs of 2007 yet and the volume is lower now than at any other time in the last decade (excluding Christmas)…WARNING…THAT’S NOT GOOD!!!!!!!
All of the bullshit you here about on the tv and radio and stuff is just that, bullshit.
The charts above are indicating trouble ahead. If the markets worldwide go up slowly for the month of September, then that’s even worse yet.
There is one thing though.
3 month treasury yeild
Look at the chart above, it’s a chart of the 3 month treasury bill. Is it possible that interest rates are on their way back up? If have money in bonds, you would want to keep an eye on this one. If interest rates start to creep up and then usually the markets creep up a few months later. Could this time be different? it definitely could. The stock market, the bond market, the currency markets are wild, living beasts.
