+ Reply to Thread
Results 1 to 3 of 3

Thread: MIDAS & TopFinder BottomFinder (TBF)

  1. #1
    Join Date
    Dec 1969
    Posts
    1,585

    MIDAS & TopFinder BottomFinder (TBF)

    Mike requested a TBF chart for GLD in the eMini forum, but I thought it might be of interest to people here. I had not pulled this chart in several months.

    Two TBFs were started from the Jul 29 low (D = 2,200,000,000 and 4,000,000,000). Interesting that after a pullback to the concurrently launched MIDAS curve (blue), the first TBF caught the beginning of a consolidation period, while the second has been recent support (79% complete).

    A new TBF was launched from the Jan 28 low (D = 3,500,000,000). Strictly speaking, the pullback was probably too deep (close to the MIDAS curve) to be considered for a parabolic move. Yet, it has served as recent support, so I will keep it there (it is 36% complete). My guess is the older one is more important.

    Name:  gld tbf 5-29-11.PNG
Views: 1482
Size:  73.6 KB

  2. #2
    Thanks Bob. This is very interesting.
    I just posted a Robot GDX Comment pointing out that the robot issued its last buy signal on May 12 and generated a paper gain of 6.6% since then.

    Would you mind showing us also the same for silver?

    Thanks


    Pascal

  3. #3
    Join Date
    Dec 1969
    Posts
    1,585

    Slv

    SLV retraced too much to have an extant TopFinder--at least on the daily. There might be BottomFinder in play, which I'll look at tomorrow.

+ Reply to Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts