Category Archives for Jeff Cooper
Why IWM Can Plunge
The Truth Teller, IWM, made a new high for the move on Wednesday and then fell through the session leaving a large range outside down day or Lighting Rod (LROD). Range precedes price and these large range outside days attract traders’ attention often triggering momentum in the direction of the reversal. Not all reversals are […]
Continue Reading -->What’s the Next Move In Gold?
“Invert, always invert: Turn a situation or problem upside down. Look at it backward.” -Charlie Munger Since October Hit and Run has been pounding the table on gold and silver. We followed up with Monday’s report on silver. On Tuesday the metals exploded. Thursday is month end and gold is set to close at a […]
Continue Reading -->They Say It’s Your Birthday!
“Take a cha-cha-cha-chance” –Birthday, The Beatles In 1927, W.D. wrote a coded novel The Tunnel Thru The Air Or Looking Back From 1940. While Gann said the book veils a valuable secret, he only alludes to it on page 69. To put the puzzle together we must refer to Gann’s Master Course where Gann refers […]
Continue Reading -->Gold to Surge Like 2009
“Let’s Do It Again” -The Beach Boys Investors remain complacent and almost oblivious to one of the oldest, biggest risks: war. Spreading war. The market has rallied in November backstopped by the idea that the Middle East conflict is contained. Things were said to be “contained” before the Great Financial Crisis in 2007-2009. Financial market […]
Continue Reading -->Big Week
“Time is the most important factor in determining market movements and by studying past price records you will be able to prove to yourself history does repeat and by knowing the past you can tell the future.” -W.D. Gann November 21st is the 15th anniversary of the crash low in 2008. That was the primary low. It […]
Continue Reading -->Gold: The Second Mouse Gets The Cheese
Gold and silver corrected after an initial surge in October. A weekly GLD shows it turned its 3 Week Chart up on the week of Oct 23rd as it tested the upper rail of a trend channel. Following the late October high, GLD pulled back making two consecutive weekly lower lows leaving a weekly +1/-2 buy […]
Continue Reading -->Why the Market RALLY Rallied on Tuesday
“The greatest trick the devil ever pulled was convincing the world he didn’t exist.” -Charles Baudelaire The greatest trick the Fed ever pulled was convincing markets it could print an economy. On Tuesday, bond, stock and precious metals markets erupted in unison on one number that implied inflation was in retreat. Of course the government […]
Continue Reading -->The Biggest Setup Since January 2022 and July 2023
In my 40 years of trading, I have found a lot of truisms. One of the most conceptually correct that stands head and shoulders above most is: Short weak stocks when they try to stand on their tiptoes and buy strong stocks as they crouch. Let’s take a look at the big wheel of time, […]
Continue Reading -->The Truth About Fast and Furious Bear Market Rallies
“I’m just sitting here watching the wheels go round and round I really love to watch them roll.” –John Lennon, Watching the Wheels “But all the clocks in the city Began to whirr and chime: ‘O let not Time deceive you, You cannot conquer Time.” -W.H. Auden, As I Walked Out One Evening The last […]
Continue Reading -->Is This Mission Impossible for the Bulls?
“…we know that the SPX cracked the key 4208 “square” (540 degrees down from the July 2023 top), closing below it on the important Friday weekly closing basis. However, as is often the case, once the market tips its hand and a point of recognition is revealed to the vast majority, sentiment will sometimes produce […]
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