Category Archives: The Speck

Gold Miners: Now, It’s Obvious

January 24, 2022 By in DUST, GDX, GDXJ, GLD, Gold & Silver, Gold Miners, JDST, JDST-22-01, Positions, Speck-Effect, The Speck, Vernon Coleman 1 Comment

It Was Never A Bull Market

The bottom’s falling out of the equity markets and the miners are going right along with them.

For long-time users of this site, this lack of a sustainable bull market in the mining indices was identified long ago.

Fifteen months ago, we had the following post. Let’s review and give it an update:

‘What’s wrong with this picture?’

The Charts:

First off, we’ll re-post the weekly close chart of Junior Miners, GDXJ as it was then (October 25th, 2020):

The following quotes were also part of that report:

“One way to look at it is, the junior sector does not believe gold (and silver) prices can be sustained at current levels.”

“Or, if they are sustained, there must be something else at work that would prevent them form obtaining a substantial profit.”

Now we know, nearly a year and a half later, that “something else at work”, is what we call The Speck and the Speck-Effect.

Not only that, energy (and money) that’s being diverted to solve non-problems (covered in the last post) may be having an effect as well.

Let’s not forget supply chain problems with no end in sight.

If there ever was a case for Wyckoff analysis, this is it.

Reading price action, making calculated (intuitive) decisions will keep one away from what by now, has become useless prattle from the mainstream sources.

Remember ‘blue skies ahead’?. Seems like it was almost yesterday … oh, wait. 🙂

This garbage-in, garbage-out, is not exclusive to just the financial media.

As Dr. Vernon Colman points out in his video (linked here), it seems to be pervasive in all types of media world-wide.

Junior Miners GDXJ, At Present:

Here’s how the weekly close of the Junior Miners looks today (approximately, mid-session):

Downside Trading Channel(s)

We’ll stay with the weekly GDXJ but zoom in and mark it up:

GDXJ, has been in a well-established down-channel, beginning around late November of 2020.

As shown with the grey dashed-line, there’s a possibility of a new more aggressive channel.

The chart below shows the potential right-side trend line is currently being ‘straddled’ by price action; this can happen when the equity or index is unsure there’s been a change.

If GDXJ really has pivoted more aggressively to the downside, price action will ‘get itself into the channel’ by accelerating sharply lower.

Where’s It Headed?

For this update, we’re going to use the P&F projections for GDXJ. Fibonacci projections (which have a similar target) may be covered in tomorrow’s update … price action depending:

Downside projection is for a drop of approximately – 35% to -50%, from current levels (not advice, not a recommendation).

Summary:

As always, anything can happen. The markets could be rescued yet one more time.

However, at this juncture we’re at least in the established down channel shown above. Price action will let us know if there’s been a decisive acceleration to the downside (grey dashed-line).

Remaining short GDXJ via JDST; labeled as JDST-22-01 (not advice, not a recommendation).

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279

Depopulation, is Deflationary

January 22, 2022 By in Centralized Management, Deflation, Food Supply, Genesis 41, Greater Depression, I Allegedly, Speck-Effect, The Speck, Wyckoff 2 Comments

‘Safe And Effective’

Independent sources confirming, Americans are now dying at unprecedented rates.

This article just out from Activist Post, contains two (possibly three) sources, each confirming the numbers.

One of the earliest posts that discussed mass depopulation, is linked here. Line-item No. 1, starts it off.

Murder For Hire

This post from September last year, discussed the ‘Elephant in the room’.

“That elephant is, we’re at the front end of a potential mass genocide event (that’s already underway).”

Now, here is verifiable proof of just one avenue for ‘deflation’; i.e. demand is literally going to die-off.

This on-going tragedy or ‘plan’ depending on the source is not going to end anytime soon. In fact, we’re still at the front end of what will last for decades.

The medical establishments in the ‘proof’ link above, know exactly what they’re doing; their actions affect millions, if not billions, world-wide.

Fundamentals Of The Matter

This time, the fundamentals do matter.

By now, we all know the backdrop for the entire population world-wide, is ‘shortage’.

Shortage of almost everything.

However, one thing’s not short; stupidity.

We seem to be full up on that. Anecdotal evidence from a trip to the local Target had people still getting in line, apparently of their own free will, for injections.

At this juncture the results are starting to pile up.

One local school is so short-staffed from ‘illness’ (i.e. potential adverse effects), it closed this week; planned to re-open this coming Monday.

Dead Paradigm: ‘Money Management’

Schools are a microcosm of the entire population.

If schools are closing, what’s going on in the other industries? Just for argument, we’ll keep our focus on the ‘wealth management’ sector.

A quick check of a randomly selected ‘partnered research firm’ that has $1-Trillion in assets, 19,000 financial professionals, partnered with 800 institutions, shows in their market commentary, it’s nothing but, ‘blue skies ahead’.

With stats like that, one can surmise: This Is The Herd

The herd sees nothing but blue skies. All is well.

The Netflix implosion could be used to paint market potential as a whole (not advice, not a recommendation): Down over 20%, instantly.

Dan, from i-Allegedly, with his thousands of contacts, has repeatedly stated, the old way of doing business is not coming back: It’s over.

If you’re running a juggernaut of 19,000 ‘professionals’, how fast are you going to be able to change course if/when the market implodes?

New Paradigm: ‘Centralized Management’

You can almost feel it.

That may be the likely outcome of the potential wealth management implosion (not advice, not a recommendation).

That’s if the markets can even survive.

At time stamp 20:49, in this link, Dan may have given us the model for the entire commercial structure, post apocalypse.

After the small and medium businesses have been destroyed, it’s time for a centralized approach.

After it’s all over, if you’re ‘certified’, the centralized method may be all that’s left (not advice, not a recommendation).

Throw in the requirement to be fully ‘injected’ to be part of a centralized firm and voila!, It will become even more centralized as the management population naturally decreases (rapidly).

Taking that to its logical conclusion, as the ranks of certified managers decreases, the only ‘managers’ left will be those who are exempt; the government employees, i.e., the final solution.

There’s more than one way to confiscate an IRA (not advice, not a recommendation).

The War Room

As the ‘About‘ page has stated, we’re in a war; a financial war.

The rules of the game have changed.

The old way of gathering assets, making sure you don’t lose too much money or posting small gains, intentionally keeping clients blissfully ignorant (by spouting garbage like ‘due diligence’), is over.

What’s needed now, at least for starters, is straight talk and the truth; or as much of it that’s currently known.

So far, what is known is this:

Results of mass-injections are starting to show. The largest die-off in recorded (by insurance firm’s) history.

Shortages of everything and especially the food supply (search on this site for keyword, Genesis 41).

All market bubbles appear to be deflating simultaneously; gold miners and biotech leading the way.

The typical money management firm, if they’re nimble enough will begin to ‘minimize losses on the way down’.

They only know, or can only work in one direction: Up

After meeting with a reputable manager ($100s of millions under management) and asking him if he works the downside, the response was: ‘The clientele can’t handle the volatility’.

So, the answer is no.

The fastest, potentially most profitable direction, the direction that trading professionals prefer, i.e., ‘down’, is not worked by a typical firm. They wait for the upside.

What’s The Market Saying?

Wyckoff analysis focuses strictly on what the market’s saying about itself.

Looking at the table above, that market clearly shows, gold miners and biotech leading the way down; potentially going much lower and each for their own reasons.

On deck for tomorrow, a technical look at gold and the miners; what may be in store for continued downside action.

We’ll discuss Newmont’s apparent reversal; Juniors as the weakest sector, along with P&F and Fibonacci projections.

Stay Tuned

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279

Volatility Event: Newmont Mining

January 20, 2022 By in Dr. Elder, DUST, GDX, GDXJ, GLD, Gold & Silver, Gold Miners, JDST, JDST-22-01, Positions, Stew Peters, The Speck 1 Comment

Alignment Of The Bears

“Volatility Is Good”

Volatility cauterizes the emotions. It reveals the market extremes and shows each player’s hand; bulls and bears.

With the market just opened we’re going to look at gold’s last man standing: Newmont Mining.

‘Last man standing’ because, except for two equities far down in Senior Miner’s GDX, no one is anywhere near their mid-November highs.

The take on this: The gold market’s thinning out and ready to reverse.

A really big move

It’s easy to get lost and hypnotized with the day-to-day action. However, by pulling back, one sees the potential for a massive short (the market) opportunity (not advice, not a recommendation).

Implosion Effects: Broker Platforms Go Inoperative

Over and again, nearly each time there’s a big down move in the markets, where the Dow may lose 1,000 points or more, brokerage platforms seize up.

It happens so often; it’s probably best to incorporate it into one’s trading approach.

That’s one of the reasons, if not the main reason to work the short side (not advice, not a recommendation).

Newmont’s Short Clues

The volatility has exposed everybody’s hand on both side of the trade. That’s the good part.

We’ll touch on each technical event separately, starting with the unmarked daily chart:

First off, markets that have wide, high-volume bars, tend to come back and test that bar. We see it below:

Next, price action’s got itself into a terminating wedge; a potential bearish reversal pattern:

Then, we have today as Fibonacci Day 34, from the December 2nd, reversal low.

As this post is being created, NEM just made a new daily high; potentially culminating its wedge terminating move.

Big Fish, Little Hook

As Dr. Elder has said concerning stop placement, ‘You can’t catch a big fish with a little hook’.

So, we have GLD, GDX and GDXJ, in a November bull trap (up-thrust), with what looks like two-months of price action to come back and test.

If that assessment’s correct and it took two months just for a test, whatever happens next, may be on the order of years to resolve itself.

From a trade standpoint, it looks like today’s low in JDST, current open position, JDST-22-01, may be a good place for a stop (not advice, not a recommendation).

Newmont, Reversing

After Newmont posted a new daily high, it’s currently trading below yesterday’s close.

Deflation Pivot-Point

We have the usual hysteria in the gold market but this time, deflationary forces may be overtaking the manic gold bulls.

Case in point:

Existing home sales look like they’re rolling over. All kinds of excuses being made about lack of inventory and the imaginary ‘Speck’ with its new variant.

The one thing not imaginary about The Speck, is this report about what’s really going on.

Massive ‘depopulation’, is deflationary.

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279

Front Running The News

January 17, 2022 By in Corn, Dollar, Food Supply, Genesis 41, ice-age-farmer, Inflation, Speck-Effect, Stew Peters, The Speck, Vernon Coleman, Wyckoff, ZeroHedge

‘Out In Front, By A Year’

A pattern begins to emerge.

That is, the strategies and research presented on this site are leading actual news events by about twelve months.

Example No. 1: The Dollar Rally

The dollar rally potential (when first recognized) was presented in this post over a year ago.

Since then, about 10 – 11 months later, ZeroHedge picked it up only after it had become a full-blown reversal.

The dollar has continued to rally and is currently (after breaking support), in Wyckoff ‘spring position’.

Example No. 2: The Food Supply & ‘Inflation’

One of the earliest posts discussing the intentional destruction of the food supply, is linked here.

From that update, we had:

“The entire U.S. agricultural food supply infrastructure is being systematically dismantled.”

Those statements looked hyperbolic at the time.

Obviously, at this point, it’s becoming common knowledge; at least for anyone that’s listening.

Example No. 3: The ‘Speck Effect’

In what may have seemed like a brutal rant, has now become fact.

This rendition of ‘The Night Before Christmas’, posted over a year ago, had no links to support the intuitive assessment of what was to come.

That post has now been updated with the facts.

Warning Note:

Obviously, not everyone injected, is a coward.

Children are rightly terrified. Let’s be realistic.

However, the idiot parents and enabling Doctors and Pharmacists are (eventually) likely, as Dr. Vernon Coleman puts it, to be arrested and tried/convicted for either murder or attempted murder.

Summary

There are other research examples like gold and the gold miners but the three above, cover the picture fairly well.

From the data presented, it’s apparent at least two things are happening simultaneously.

No. 1: Strategic Analysis

World, market, and local (within the U.S.) events are researched and analyzed for potential impact.

No. 2: Market (Wyckoff) Analysis

Those events from No.1, are then linked to market action if any. Potential opportunities are identified.

The Path Forward:

This update is a very brief description of the site’s go-forward objectives.

What’s here, is a long-term (documented) track record of situational awareness; coupled with reading price action which in turn, is used as a case for market positioning.

Stay Tuned

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279

This Week’s Usual Suspects

January 9, 2022 By in Bjorn Bull-Hansen, Genesis 41, Good Patriot, Prechter, Random Notes, The Speck, Usual Suspects

Old Paradigm, Continues To Unravel

Bogart

One of the qualities that define leadership is the ability to recognize shifts in power or (public) perception that may lead to a complete change of direction.

Once that’s done, the change or new thinking is crafted into an approach whose objective is to successfully navigate (for however long) what will eventually become a ‘no-brainer’ way of thinking or acting.

As the old way(s) disintegrate, those who refuse or are unable to recognize this change, are likely to start ‘acting out’ in bizarre fashion as they realize the old method doesn’t work anymore.

They’re not able to see the shift as they were never leaders (to begin with) in the previous construct.

In part, this is what Buffett (not an endorsement) may have meant when he said … ‘It’s only when the tide goes out, that you find out who’s been swimming naked.’

Well, the tide’s going out in a big way and the water is receding with ever more rapidity.

As said before, what’s happening right now, is a fantastic public service for those paying attention.

A more efficient way could not have been constructed to reveal who has the best chance to be left standing (and surviving) as, or if, we come out the other side.

‘Acting Out’

Two links are going to be provided but not the ones to the specific examples at hand. Clicking on the links below will enable one to follow the rabbit trail and perform their own investigation.

Those links are here and here.

Into The Void

As the old way continues to self-immolate with what looks like increasing speed, a huge (leadership) void is opening.

Actually, that void was always there; posers were only posing, fooling the easily fooled.

Now, the jig is up.

The smart ones in this on-going collapse have already realized, probably a long time ago, ‘certifications’ and lots of letters after your name mean absolutely nothing when it all hits the fan.

They either are themselves, or are looking (and rightly so) for hardened leadership and/or experience.

As a result, we see real men (and women) stepping into the void: Men like Bjorn Andreas Bull-Hansen, Stew Peters and Dr. Vernon Coleman.

Women like Good Patriot.

Interestingly enough, at time stamp: 12:40 in her link she gives reference to Genesis 41. Coincidence? No.

Acceleration Ahead

Look for everything (supply chain, market implosion, The Speck, as we call it) to accelerate.

We can also get our popcorn ready for the self-imposed demolition of the ‘wealth management’ industry.

Prechter said it decades ago, ‘the next mega bear market will bring this sector to its knees’.

However, that’s an in-depth topic for another time.

In the meantime, go ahead and check for yourself. Pick any wealth management firm and go to their website.

I randomly went to three, just now.

One has a YouTube presence; one is local, and one is nationwide with over 7,000 ‘associates’.

All of them, every last one, are talking about the latest employment figures as if they are real.

Even Jerimiah Babe and Dan from I-Allegedly have stated the figures are false.

Remember, these outfits are “certified” by the same (combined) entity that’s pumping out the false data.

Just sayin’ 🙂

Stay Tuned

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279


Random Notes & Usual Suspects

December 12, 2021 By in Random Notes, Stew Peters, The Speck, Usual Suspects, Vernon Coleman

Special, ‘Idiots in Action‘, Update

No. 1

Normalizing The Non-Normal

Dr. Vernon Coleman has been at that front of ‘The Speck’ narrative from the start.

HIs latest video gives his estimate on life expectancy of those who have been ‘protected’.

No. 2

Pilot Casualty List

The Stew Peters show has updated several times about ‘incidents‘ in flight but now we have the actual receipts.

Industry trade magazine ‘Air Line Pilot’, gives names and dates of those no longer around.

Linked here. The first 7:50, minutes covers the pilot casualties.

No. 3

‘Links’ Are Not Endorsements

From No. 2 above, at time stamp 10:27, the presenter gets into material that those ‘awake’, know all too well.

We should also know, the same tactic (trust the plan) was used during the Russian revolution of 1917. It was used to placate the patriots so they would take no action.

That it’s even being discussed in the above link, is highly disappointing. The airline magazine list is a fact …. the rest? Not so much.

No. 4

Schools To Get Ready

Get ready for kids to start dropping … thanks to idiot parents.

No. 5

Surrounded By A Sea Of Stupidity.

As said before, no one is going to help this crowd (in No. 4) by becoming part of them. Some (like my own extended family) are adamant about remaining stupid.

What can you do?

Well, from this site’s perspective (market analysis), there are a lot of asset, and estate sales coming up.

Carry cash because by that time, credit cards won’t work.

No. 6

Vitamin C … Grow Your Own

Ever wonder why there’s such a war on Dandelion?

Why not a war on milkweed or crab-grass?

No, it’s a war on Dandelion.

Here’s a nearly two-hour presentation on Vitamin C (disclaimer, I have not watched the entire report).

No. 7

Boosters, To The Moon !!!

As this link shows, it will never end … that is, until the person ‘protected’ ends.

“… as long as people believe …”, time stamp 1:27

No. 8

Mr. E Archives

Mr. E, was one of the casualties of the YouTube purge a few years back.

Here’s one of his clips that’s relevant to today.

No. 9

Smart = Stupid

No, it’s not from the Ministry Of Truth.

It’s the ‘smart device‘, showing how vulnerable the typical non-thinker (new word for idiot), is, and is going to be, when internet interruptions (cyber-attack) really get started.

‘Locked out of Disney’ … well, Boo Hoo … Плак-Плак (translation of Plack Plack)

No. 10

Land-Line … Lifeline

Back in the day before there was streaming internet, I used to call up TeleBroker and code in the ticker symbol with the phone buttons.

I would then listen to the high, low, current price, and volume. This was done a few times a day.

The purpose was, to get a ‘feel’ of the market. From listening to the action, I could feel it (time stamp 3:27).

At the time, the stock being monitored was Theragenics (back then, as THRX).

I could tell from the phone action, there was distribution going on around the 5.00 – area. This went on for several days. As price would near the 5.00 level, volume would come in and push it lower.

Thearagenics, indeed peaked around 5.00, and then went into a multi-year rachet lower to an ultimate low in December of ’93 or ’94, if memory serves.

After that low, it went up 1,000% or more … a ten-bagger.

How many are prepared to hit the phone and use it for trading action. How many still have land-lines?

As you might have guessed, since this author’s still using ‘rabbit ears’, we still have a hard-wire, land-line as well.

No. 11

Continual Growth & Improvement

If someone started diligently researching and educating themselves non-stop in the markets since 1987 (when I opened my first brokerage account), how much growth has there been since that time?

Even as the ‘likes’ come in on material written just a few months ago, I go back and re-read, that research.

Sometimes the thought is ‘that was a good post’.

Most of the time, not.

I think to myself, ‘you can do better …. much better.’

So, it is with life.

We can be like the servant that buries his talent or we can be like the ones who go out and risk.

Even from a Biblical perspective, it just doesn’t end well for those who refuse to think and work.

Stay Tuned

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279

Random Notes

November 29, 2021 By in DJUSBM, Good Patriot, Patriot Nurse, Random Notes, SMN, SPY, The Speck, Usual Suspects 1 Comment

Special ‘No-Normal’ Edition

No. 1

Dealing With ‘Brain Dead’

If you have to deal with asleep, brain-dead, self-hypnotized, condescending, mainstream news-feeders, here’s a tip.

Remember, it’s not “your opinion”.

Patent numbers, patent descriptions, dates, names, payrolls, money trails, corporations, whistleblower testimonies, irrefutable compilations like this, are not an opinion.

They are fact.

No. 2

No Infrastructure

From time stamp 12:08, to 14:27, in the above link (repeated here), there are 108, players or individuals receiving the benefits of ‘Speck’ protection.

We call it The Speck from Horton Hears A Who … because it’s so small, nobody’s ever found one; not even the Cee Dee Cee or the N ‘EYE’ H. Sorry for the ‘code’.

The majority of those in the compilation are so protected, they won’t ever need another update.

You might say, they’re ‘fully protected’.

We can take that montage and extrapolate it to the rest of the population. Remember this?

It does not take much to figure out, rapidly increasing instability is the way forward.

While there may be an infrastructure bill in name … if workers are not available and supplies restricted or non-existent, there’s no infrastructure.

Admittedly, that’s very oversimplified.

Sure, there may be some projects that get started and have limited progress.

However, after reading this summary of the built-in insanity, one really has to actually be favoring a collapse so these projects don’t get implemented to any large degree.

Bringing us to the next item.

No. 3

Double-Secret-Probation, ‘Omicron’

It would be nice to laugh at stupidity if stupidity wasn’t so dangerous.

The powers are wasting no time … declaring a ‘State of Emergency’ even though nothing has happened.

They openly mock the idiots that still buy into the hype; their contempt, completely out in the open.

Even a working-class Cockney Brit, has got it figured out. It can’t be that hard, can it?

Note at time stamp 2:40, it shows that we may have already had the Epsilon variant. It must have come and gone.

I completely missed it. My bad. 🙂

No. 4

The Sheep … Too Far Gone

A hopeful comment taken at time stamp 4:02, at this link:

Those who have bought in, and voluntarily injected themselves … even if they were lucky enough to get a placebo, will not wake up.

Amadha Vollmer has stated it well when she said, ‘when the truth finally hits, they will lose their minds.’

From a Biblical standpoint, that does not mean we give up on them. Plant the seed but then walk away and continue to prepare.

If by some miracle … because that’s what it would have to be, they do wake up, it’s your opportunity to take the lead and direct their (an your) next steps.

Be prepared … it could happen.

No. 5

So, Now It’s CXVXD-21 ?

You can’t make this up and it’s more insane by the day.

The sheer repetition of the fear narrative, like ever-increasing drug use for the same effect, has got to be wearing off … becoming less effective with each news release.

On top of that, there are literally less people able to buy into the narrative

Reference No 1, above. They have already received full protection; not subject to further updates.

No. 6

Sky High Ammo Prices

Going to the comment sections on YouTube sites or vendor sites, has the typical collection of blowhards saying:

“I refuse to pay these prices. I’m going to wait until they come down”.

It’s possible, at least some of these guys are the same middle-aged, overweight, out-of-shape posers, that like to have useless crap all over their AR.

When the bravest guy in the room is a woman (linked here), it means, that trash hanging off your AR is a bill-board; effectively saying:

‘I’m hiding behind my AR crap and probably a coward’.

Another woman, linked here, has actually decided to use the AR platform.

However, she trains with ‘Iron Sights’ … BAM !!!

Let’s go to this link and time stamp 1:13.

If that’s the future availability of our currently high-priced product, meaning there is none, does it really matter how much it costs now?

Of course, the posers are busy posing.

They won’t matter when it all hits. They’ll still be waiting for prices to come down on something that’s no longer there.

No. 7

S&P, In ‘Spring Position’

Price action penetrated support last week and is set to attempt a rally.

The futures market opened about 90-minutes ago and shows S&P trading up about +0.80%.

That upward bias may also lift the Basic Materials Sector (DJUSBM) and possibly offer a low risk short position via SMN (not advice, not a recommendation)

We’ll be watching.

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279

… Cue The ‘Hype’

November 26, 2021 By in Biotech, BIS, IBB, MRNA, The Speck 2 Comments

Right On Schedule … A New ‘Variant’

Seems like just yesterday, we were saying:

“There’s all kinds of nastiness in the guise of ‘new strains’ out there; likely to raise their heads before Christmas and probably after as well.”

Wait, … that really was, yesterday.

So, now we have the ‘Nu variant’.

Get it? A, new variant. 🙂

The ‘Epsilon’ variant (from the idiot in Brave New World) is probably being saved for last … because if anyone’s still believing the hype by that time, it won’t matter … they’ll be fully ‘boosted’.

That doesn’t mean the pros can’t make money off the herd … while there still is a herd.

Which brings us to today’s underside test action of MRNA.

Moderna (MRNA):

Well, that retrace was quick.

First, let’s show yesterday’s weekly chart.

And now, today’s

It’s true that price action is testing the underside.

However, if we go to the daily chart (below), we can see if price action can make it just a bit higher … to the 360 – 380 area, then we have an up-thrust (potential reversal) condition.

The chart looks similar to our gold (GLD) up-thrust target, linked here for reference.

Recall, for that set-up, it took two months for GLD, to penetrate resistance … and then go into a vicious reversal.

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279

Tech Talk, Moderna (MRNA)

November 25, 2021 By in MRNA, The Speck 1 Comment

Underside Test

Even though scenes like this one, this one and this one, are now common, the mainstream still seems to be ‘mystified’ as to the cause.

With all that happening as we speak, Moderna (MRNA) is finding itself potentially rising to test the underside of its trend line break.

Moderna (MRNA):

Weekly un-marked chart

Marked up with trendline break

Zoom in, of potential underside test area.

Summary:

Markets like to test … it’s what they do.

Sometimes, as with the gold hysteria, there’s a story to go along with the action. All intended to herd the easily led into the wrong side of the trade.

So, it could be with MRNA.

There’s all kinds of nastiness in the guise of ‘new strains’ out there; likely to raise their heads before Christmas and probably after as well.

These events may coincide with the previous post about biotech possibly heading for retrace and up-thrust.

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279

Biotech, At The Danger Point

November 24, 2021 By in Biotech, GDX, GDXJ, GLD, LABD, SPBIO, The Speck 1 Comment

In More Ways Than One

For now, we’ll discuss only the technical aspects.

We’ll leave the rest of the truth for mainstream news.

Discussed previously, the sector (SPBIO) was left with our assessment that it may reverse higher into a retrace; combined with an up-thrust/reversal.

That was then.

Biotech, SPBIO, Now:

Daily un-marked chart of SPBIO:

Below, a marked-up chart showing penetration and move off support (Spring Condition).

Included, is the 38% retrace level … location for potential test and reversal:

As with the on-going reversal in gold (GLD) and the miners, GDX, GDXJ, we’ll have to see how this plays out.

Unfortunately, as we head into what used to be the regular flu season, those who received ‘protection’, are going to find out they’re not protected at all.

Stay Tuned

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279