We are at key turning point according to this chart, up or down
We are at key turning point according to this chart, up or down
Ride at your own risk !!!
It won't move up if measured inflation adjusted. Same as sg properties that actually down in price when measured inflation adjusted. We are not really making money, we only preserving wealth at the moment. The moment we let go our investment, we will be left behind. Just like running after a train after we alighted. We can't out run the train.
Nice chart.. I know most people can't see the tech.. But it's beautiful. Tks for sharing
+1............ LIKEOriginally Posted by indomie
how about this .... are we doomed if Dow Gold ratio hits 1?
Ride at your own risk !!!
low tech layman here says Obviously Down laOriginally Posted by phantom_opera
Can share the beautiful picture hidden in the graph? I'm not a graph persoOriginally Posted by Ricade
Well.. The chartist actually tried to concentrate the price action within a downtrend channel if u may.. And naturally in an ideal world, price will continue to go down when it touches top of channel because that's where the big fishes will start to push price down again.
But on the flip side if it does breakout at point b (small cap), the resultant effect could be similar to a symmetrical triangle breakout. Meaning price could go up quite substantially from point b
Of course I think the chartist has an even more complex interpretation via Elliot wave or other kind of counting methods.. But this is just my own interpretation based in simple TA lah..
2 cents worth, hope other more experienced forumers can chip in if my interpretation is lacking.
The Dow gold ratio chart is quite difficult to interprete.. But if u try and see the effect of mean regression, it should at least make a meaningful attempt first towards normal and inside the band before going to 1
down
But I only believe if points follow fibonacci
Originally Posted by phantom_opera
if you dont't own any property, you're short. take cover quickly
Thanks for sharing Ricade. I may need to pick up some technical skill