New ALL TIME ALL HISTORY high in Japanese equities
This qualifies as a Donchian/Brandt Weekend Rule
and not only that
as a Brandt Three Day Weekend rule given Japan's holiday on Monday
Hey @grok what is the Donchian/Brandt Weekend Rule
Look it up
Gold
There were several reasons I did not trust the thrust in Gold
1. The time. Overnight thrusts are always questionable
2. News led - I hate news led jerks in prices
3. Gold is overextended on all time frames
4. Spot did not budge - rally was only in "paper" Gold
5. Rally fizzled immediately
6. Symmetrical triangle had too many contact points
I think a bull trap has been sprung.
I am interested in the short side of Gold for a swing
This is the purchasing power of the U.S. Dollar
This is the ultimate chart pattern for all fiat currencies
Some think Gold is a great store of value (preserving its purchasing power) - and it is
But the ultimate store of value will prove to be Bitcoin $BTC
I greatly appreciate the balanced and thorough article/bio that Ciaran Lyons @Cointelegraph published on Jul 29. His honest journalism puts to rest many X/social media myths about me. Thank you Ciaran.
People ask me what I think about understanding fundamentals after 50 years trading
I do not think about fundamentals -- no reason to
The people who really understand fundamentals on any given trade do not appear on Bloomberg or CNBC
Want to know about fundamentals? - study price