Hit and Run has been looking for an explosion in gold ever since we flagged a massive multi-year Cup and Handle pattern. Actually there is a Cup and Handle within the larger Cup and Handle. GLD looked like another failed rally was on the table after a failure in late December 2023. We remained steadfastly […]
Continue Reading -->“As a human being, on has been endowed with just enough intelligence to be able to see clearly how utterly inadequate that intelligence is when confronted with what exists.” -Albert Einstein “Any fool can believe the truth, it takes a genius to believe a palpable lie.” -Anon The intersection of technology and culture has produced […]
Continue Reading -->“Go for the jellyroll” -Art Garfunkel’s advice to John Lennon “If the market is bullish, yesterday’s turndown of the SPX 3 Day Chart will define a lowsoon in terms of both time and price. Soon looks like immediate given this morning’s pre-open action.” The above is from Wednesday morning’s Hit and Run Report. In fact […]
Continue Reading -->RDDT IPO’d on March 21st. The low print on day 1 was 45. On my Square of 9 Wheel: 90 degrees up is 52 180 degrees up is 60 270 degrees up is 68 A full 360 degree rev up is 76. Tuesday before the open I posted the follow tweet on the Hit & […]
Continue Reading -->The stock market is not the economy…although the funnymentalists will tell you so. What is Goldman supposed to tell their muppets? “Cycles suggest….” Indeed the question as to whether the 1929 Crash caused the Great Depression or whether the Crash was discounting it and it was on deck anyway has been debated for decades. This […]
Continue Reading -->On the heels of Friday’s Key Reversal Day in the SPX (and NDX) we got a Plus One/Minus Two buy setup up on Monday. As well the index tailed up on Monday leaving a 180 buy setup. The combo produced an explosive rally on Tuesday. We are in a technical crosscurrent.” Why? Yesterday was either […]
Continue Reading -->On the heels of Friday’s Key Reversal Day in the SPX (and NDX) we got a Plus One/Minus Two buy setup up on Monday. As well the index tailed up on Monday leaving a 180 buy setup. The combo produced an explosive rally on Tuesday. We are in a technical crosscurrent.” Why? Yesterday was either […]
Continue Reading -->Sometimes we just nail it…with the help of the best trading tool on the planet, the Square of 9 Time & Price Calculator. NVDA gapped open 25 points on Friday pushing another 23 points to a high. An hour and a half into Friday’s session with NVDA still up 30 points we alerted on the […]
Continue Reading -->AMD bottomed at 93 on October 26, 2023. 214 is a major square-out as it is 540 degrees up from 93…a cube-out (versus a square-out). On Monday AMD traded up to 211 —within a fraction of the idealized 214 cube-out. green is 93 purple is Oct 6 the low day for a Time Price square-out […]
Continue Reading -->“Clear The Way For A Crash Landing, Clown” -Emile Sande This week is the 15th anniversary of the March 6, 2009 bear market low. This is an important anniversary month as 15 years is ¼ or 90 degrees of W.D. Gann’s Master 60 Year Cycle. While on the surface, the low in 2009 may look like […]
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