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Discussion Topic: The Elephant in the Room

3036

03-01-2013 @ 11:20 PM

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Rambus Chartology

http://rambus1.com/?p=10992

bmurphy

03-02-2013 @ 12:26 PM

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Thanks for posting
Bill

60572

03-03-2013 @ 1:19 PM

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Even though I am of the opinion that technical charts are not as relevant in a manipulated market I’ve been wrong on the gold market since last fall – so I’d be foolish to ignore this. Is the bearish nature of this chart nullified if the neckline is now broken to the upside?
Would gold would have to continue sideways to down or have a stock market collapse even with gold going up for this scenario to play out? It’s the second one that has me worried.

3036

03-04-2013 @ 4:22 PM

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Rambus TA is projecting a possible repeat of 2008 by Oct 2012

Yes he would likely reconsider should the neckline

be breached to the upside

but its quite a ways up there

A retest of that line...which he nows sees as resistance is possible

That would look like a nice move for us Bulls

But then a fall away again would be really a bad sign obviously

Rambus says a retest is possible but not necessary

more at www.rambus1.com

PS Rambus is primarily a PM Technical Analyst and a long term bull

But right now he as you see is bearish