Chariot Share Discussion Threads

[chestnuts] 23/4/2020 09:29

Invisage

I have not studied cycles to that extreme on the dow, just gold

[invisage] 23/4/2020 09:27

Yep I agree - I am not saying the US markets are not overvalued...they have been overvalued for years.....but that does not mean it can't keep going up....

The market is irrational and that is why charts are great...…



Do you see a turn cycle coming on Friday or early next week Chestnuts?

[chestnuts] 23/4/2020 09:25

Invisage
on forward pe the dow as been over valued since it past 15555 and now its way over valued

[invisage] 23/4/2020 09:23

Yes Gold and Silver on the move Chestnuts.....you genius

[chestnuts] 23/4/2020 09:21

Gold just broken through trend line at 1722 , mind you it will come back and check support of this trend line at some point

[chestnuts] 23/4/2020 09:20

Invisage

So you are saying if a company issues profit warnings the share price will go up

[invisage] 23/4/2020 08:54

Yes Chestnuts there are lots of problems that need to be resolved in the economy, but the stock market is not the economy. Stocks driven by QE - need to check Dollar chart until people stop supporting the dollar and inflation under control the Fed can keep printing as they don't need to protect their currency.


When the liquidity dries up and no stimulus the stock market likely to collapse.....The only way to get out of this mess is for people to pay back debt and for inflation to wear it away....



The leverage is a complete mess and the interest rate cycle is saying rates due to increase...

[chestnuts] 23/4/2020 08:49

Invisage

I was outside my house yesterday and a lady who works at Croppers paper mill was walking by , she is working from home and upto last week half the staff were working and the reason they have stopped is the fact no orders, and this is a firm which normally works 24/7 , and she said the problem being the future order book as emptied , so even if Lock down finshes in 3 weeks they will not be starting up as no work, now this will be right across the board . Supply chains have been disrupted its like the chicken and the egg,

good luck with your investments

[invisage] 23/4/2020 08:15

Well the turn date of Friday / Monday - could be a move up or down, I am not really a believer that with all the Fed stimulus we are going to drop big in the markets....The Fed will start buying stocks if that happened...


Best way to play it is to buy gold and silver as they will go up with stimulus imo…


I wouldn't want to be short markets - It is very hard to make big money being short as your upside is 100% vs unlimited downside and it is easy to think shorting is right given most of the world is closed but as that is the consensus view it is unlikely to be what happens, the markets tend to surprise most people.

[narey] 23/4/2020 06:27

Gents you really see a downturn in the equities next week with all the unlimited stimulus by the FED I totally agree the upside has been out of control and totally disconnected from the real economy and reality I am heavily under water with my short positions currently

[ant15] 23/4/2020 04:49

This thread has become a compulsive daily read. My wife wrote an algorithm to predict protein / protein interactions. So much mathematically and always fascinating...Thanks

[invisage] 23/4/2020 01:26

Ando or Chestnuts According to Gann are either you seeing a cycle turn in the stockmarket either this Friday or Monday? Perhaps the next leg down?

[chestnuts] 23/4/2020 00:08

Yrs ago i wrote about GKP and this was a run down in time price and ratios , and these involved 445 and 555 these added together = 10000 or 1

just an example GKP chart took 1068 days and price movement was 445

1068 divided by 2400 ( this is a 24 hr clock ) = 445

and after 593 days which was top of the 3rd wave the price reached 203

593 = .555 of 1068

203 is .555 of 365 days of the yr

the share price started at 5p

203 - 5 = 198

198 divided by 445 = .445

their is alot more i could write and all this is done by memory

[invisage] 23/4/2020 00:00

I think your numbers and calcs are based on GANN

[invisage] 22/4/2020 23:42

ok thanks

I like the way you do the calculations - Post like the one below? How did you learn these calculations?


66.70 squared = 4450 - Why did you square this number?




1792.25 = 125.68= 1917.93 which was around when the spanish flu started in China

125.68 divided by .555 = 226.45 = 2018.7


Why havr you divided by .555 ?




chestnuts - 27 Mar 2020 - 23:27:58 - 8991 of 9193
CHARTS - CHAR
Evening Anthony hope you are well

I am on whats app i will send you a private message

10 yrs ago i posted that this yr would be a very bad yr for the dow and gold would go to $8602 around July

To me the dow will go to 6814 which is the bottom of a 4th wave any thing higher than this is a bonus

I reckon we could be going to have another Bretton woods around this time as confidence in governments fail.

Here is an example of a cycle Bretton Woods happened on 1944.5 if you look on the gkp workings you will see 44.5 is very important

The USA introduced the $ on 1792.25 at $19.39

1944.5 - 1792.25 = 152.25 divided by .667 = 228.2607 = early July 2020

66.70 squared = 4450

Now every one as heard of Gann, the market is made up of Gann which is squares and roots

I have posted above that USA gold started at $19.39 and if we sq 1.939 we get 3.759
Now to my date in June /july/ Aug it will be 228.32yrs ish around 16th June

228.32 x 37.59 = 8582.5488 + 19.39 the price of gold set off from in 1792.25 = 8602

3142 days divided by 365.25 days = 8602

every thing is about 3142

Plagues

This is really spooky

The spanish flu epidemic was roughly 1917 to 1919

Gold cycle is 228.32 . 555 = 126,717 yrs + 1792.25 = 1918.9 so if any one is really interested in this i am sure you could work out accurate forecasts

Just to change things slightly i have found that roughly .4 splits charts so if we use that to split 314.2 = 125.68

1792.25 = 125.68= 1917.93 which was around when the spanish flu started in China

125.68 divided by .555 = 226.45 = 2018.7

I cant believe that Covid 19 could have started on 1 day in Nov 2019 it could have been their around 12 months which would explain why it as such a strong hold.

Theres such alot more i could type but it gets boring

[chestnuts] 22/4/2020 23:35

Theres so much junk about , i just read the general news , I see Argentina is going to default on $500m interest in the next 30 days, i notice Trump as ordered the Navy to shoot down Iranian gun boats, and the USA and the world are monetarising all the debt, all good for gold, and the big one the bullion banks are short on gold and cant close their positions as every one wants gold, what more do you want. I forgot to mention their is a virus which are killing the obese and old folk and that means around 40% of the western world

[invisage] 22/4/2020 23:12

Where do you tend to go to read about gold and silver news and is there anyone you respect and follow Chestnuts?

[chestnuts] 22/4/2020 22:26

you could be right about inflation but i think deflation is coming first which may cause a massive crash and take every thing down, we will have to wait and see.

[invisage] 22/4/2020 21:36

Gold $1700 to $2000
GDX $34 to $45
Silver $15 to $25


How comes you don't invest in GDX or Silver which I think has more upside from here rather than Gold Chestnuts?

When silver got going in 2010 it moved massively....I think that pattern will repeat again.

[invisage] 22/4/2020 21:24

Until we get high inflation and therefore high rates the Fed can keep printing and printing which will support equity markets....I think high rates and high inflation is coming eventually - perhaps in coming years and when we get high inflation the fed won't be able to print and that is when this depression scenario chestnuts keep talking about plays out.


Too much debt to service at high interest rates....however for now I think the shock a lot of people might have is if we make a new high on the S&P / DOW this year on the back of stimulus.

[chestnuts] 22/4/2020 21:17

I think we are going to have a big fall before we recover , we still havent hit my target on the dow at 25129 ish

[invisage] 22/4/2020 20:53

Thanks Chestnuts


Do you think it is possible we have a huge boom in stock markets due to global central bank printing with a peak later this year or early 2021 led by Gold miners and FAANG stocks followed by the depression scenario you are foreseeing?

Maybe we have a sharp fall in the winter if say we get a second wave of this virus?

[chestnuts] 22/4/2020 20:27

Invisage

When i first came across this cycle over 10 yrs ago it came to early July, but their is so many cycles come into the time between Early June and early Aug and they all may work out but i have to show all cycles and you have to allow for discretions in data , i have already posted this, i cant alter any thing which is happening and whats going to happen, and if you read my posts more carefully like the comex cycle they all come onto 2020.55 around 19th July .

hope this helps

[invisage] 22/4/2020 20:01

Inverse head and shoulder on Gold looks good from 23/Feb to 05/Apr and then a breakout from bull flag after testing the neckline yesterday.