Westpacific Technical Charts

Glenn Burnett Has Had Over 25 Followers Rank: 52 Followers: 24 Votes: 108 Years Member: 1 Last Update: 19 February 2018, 11:36 Categories: Market Timing
Gold / Gold Stocks
Trend Analysis

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0 Comments Box - Daily Talk

Monday - Happy B Day George
Bear flags setting up on many many charts.
-XOP very large rising flag.
-Gold could be done or punch higher to 1371 area.

0 Comments Box - Other comments

Energy Producers XOP, BP, for example, recently admitted that its finances will not breakeven unless oil trades at roughly $60 per barrel. Recall that the initial trigger for the global financial crisis was about $US500bn worth of losses on US mortgages. Gave cites figures [showing] that through the magnifying effects of derivatives markets, that wiped some $US7 trillion from global GDP and $US28 trillion from global equity markets. View the US$5.4 trillion alternative energy sector debt, mainly associated with the US fracking boom, through the magnifying effects of derivatives and you begin to see the scale of calamity soon to befall the worlds financial institutions.
-Vertical Markets; Plateau Move; Phase Transition basing pattern then up; Pennants; Vs
-Martin Armstrong the slingshot move https://www.armstrongeconomics.com/slingshot-move/
-Westpacific Trend Trading BEAT ARMSTRONGS MACHINES!!!!!!!! When we announced a waterfall move in the markets coming ahead of him! ' I am personally am stunned that the GMW could flip that fast with just one-week of price action on the Yearly Level. This is the first time I have EVER witnessed such a change. Granted, it closed 2017 warning that the upward advance was ?EASING? so, from a pattern recognition perspective, it seems to have done what no human analyst could possibly do.'


0 INDU Wave 2 Topout

0 INDU Weekly Wave 4 into May 29th and Beyond

0 POLA - Comments Box

-GDX 22.14/GDXJ 33.14 lows no later then Tuesday and just a hair lower into the e, see the 15M trader charts. Double E touch on two channels then the breakout of the pennant; see new weekly charts 1/1b and 1/1c 3 year models. Now things start to get interesting.
-Reworked chart 1/1c GDXJ and GDX 1/1b you are looking at a gold mine here; it is 100 percent correct now, at last. Once we hit that D touch with gold trading at 1589.89, guess what is next; see that red channel into the E; gold 866.66. Once the D is complete will lay out that roadmap. That will be a massive W2C; 5 big waves into the low; 21 waves in total.
-Will be adjusting all our gold miners around this model we have time as the trade for now is JNUG/NUGT/USLV or anything long gold/silver into 1426.23 gold, perhaps we play the swings.
-As we go into the end of year; will be able to do the final tweaks should the charts of gold require it; they are looking extreme solid on all fronts and that is what I am after as we finish off the Beta Phase this year.
-Have the DUST charts just about done; that will be my model; JNUG is next since we are playing it. For now the JNUG, NUGT, JDST charts are messed up; that will be fixed as quick as I can; should be able to finish late today into the evening.
-For each we will do a weekly 1 year; daily 1 year; 60M current wave model; 15M Trader Model.

0 Ten Year Note Yield 60M Trader Model

0a DGAZ Trading Model

0a FSRPX Fidelity Retailing Weekly

0a JDST 60M Trader Model

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