Recent content by DaveTrade

That mid May low is significant on both our charts, makes think that gold may move sideways and hold above this level. The last three days up have been on low volume making me think that the market needs more time to pass before breaking out to the upside. Another way of putting it is this...

I'll put a GLD chart up for you.

From a technical standpoint this stock is currently moving down strongly within a sideways channel, if intending to buy it would be wise to have the confirmation of a strong breakout from the channel. The large volume spikes do indicate fund buying of this stock.

Hi @divs4ever , I've been focussed on the US market in which large funds have started buying into, demand is in control. My current view is a turn down coming soon, about 10% maybe, then a turn to the upside in the ballpark of 35-40%, and Australia will hopefully will follow a similar path.

Could be next week, I'm keeping a close eye on gold this next next week looking for the bottom. Also the S&P500 is near a top, the two markets may change direction at the same time.

Hi @ShareSuccess , the chart below which shows a new indicator that I've been working on. Price has been trending down since mid 2024 but recently I'm seeing a divergence between price and the 14 period indicator, the 5 period indicator has also recently crossed above the zero line, this...

Hi @rcw1 , this one is on my radar as well. It has come into a major resistance zone at the recent high but it's got the potential to regroup and take another run at it.

I thought this was a great article explaining relationships based on factual information and written in a way that I could follow, not a lot of jargon. The article reinforced for me the reason why I like to use technical analysis to see what a market is actually doing to see if this correlates...

Hi @Gunnerguy , my understanding about the way the 'bring forward' rule is viewed is that at the time that the rule was actioned the intension was to stay in Accumulation phase for 3 years, BUT, it's OK if you change your mind before the 3 year period is finished. So the result is what @Dona...

Agree with for the most part but I think there will still be good selective opportunities in Tech. It looks like volatility will be around for a while making shorter term trading a better way to keep risk exposure low.

Diversity is not our strength, the ability to amalgamate diversity is our strength. I think that the ingredients to do this are a common language, an open mind and the ability to view all people as one race of humans. I also agree with @sptrawler when the said "Where it becomes a problem is when...

Some projections for the next bull run if this low holds:

Great long-term outlook @rcw1 but a short term pullback may be coming, the quarterly chart below shows a nice 322 target price on GLD but the moneyflow looks like the market may not have the strength to reach it. If I zoom in to a weekly chart it shows that the market has lost some strength...

Hi @Bourseboy , a bit of feedback for you. I think that all Super funds use unit prices (not sure) but it is most likely how Super funds are structured. The other thing to consider is 'International Shares' does not mean S&P500 shares on NYSE, they invest all over the world in shares and each...

It would be nice if they had a line showing the 3 year return as well. The ten year return starts to loose meaning when you get to 60 or 70 years old.