Sunday, October 10, 2010

Gold /Silver indicator and Boatload O' Other Charts

The middle chart is GLD/SLV.  You can see this is an excellent indicator, when this ratio is at a bottom, the market usually tanks,  within 3 to 5 days, but sometimes immediately.  The trick is figuring out when the bottom is.

This top chart is SPY/VIX I plotted it just to see if any interesting effects came up....none really

The Bottom chart is SPX, the S&P 500, follow each purple line from the GLD/SLV bottoms.  Amazing methinks.  The two highlighted candle patterns are similar, the first  one started the Head of the infamous 2009 Head and Shoulders Bear trap.  The second one is NOW.

And finally, a boatload of other charts for your free consumption.

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  1. Thanks, see the new one on the EUR GBP. haven't followed that one before, but could be interesting.

    How is your weather and supply of back bacon holding out?

  2. I think I see something, at least since March '09

    If you wait for the GSR to lift off the lower BB after touching it,

    AND the SPX/VIX is approaching its upper BB,

    AND the SPX is touching it's upper BB,

    THEN SPX almost always takes a big dump.

  3. OK figured it out, Gold Silver Ratio!

    Great observation! In fact we are in exactly that formation now...too bad it's also time that fighting the Fed appears to be on the bearish menu.

  4. Nice charts Steveo! I think it's a big earnings week. Should be interesting.

  5. I'm not any slimmer, if that's what you're wondering.....
    September here was the wettest on record - rained constantly - but Oct has been beautiful. Nearly 80 this past weekend (!) yet all of the leaves have already dropped. Could snow here any time now.....


Insightful and Useful Comment!