Let's review Don's TRADE-MAP approach:
TRADE = 1. T : Time and space (Fractals); 2. R : Repeating Cycles; 3. A : Advancing Trend; 4. D : Declining Trend; 5. E : Energy in Phase Forces.
.....MAP = 6. M : Momentum and Velocity; 7. A : Analysis of Structure; 8. P : Price Performance.
When I mention "Don's Top Ten Technicals", I use the elements of the "TRADE-MAP" approach:
1. The is rising. 2. GLD-Prices have risen above the cloud. 3. Prices did trade above the thick red Conversion line and held at the baseline. 4. The thick red conversion line is also in a trend. 5. The thick black line is the Ki jun-Sen baseline of the , which is rising and above the cloud. 6. The indicator on the top of the page is / , and this is strong-reversing off its bottom. 7. The top middle indicator is and it is strong (consolidating, look for green over red). 8. The Top (bar-type) indicator measures the "phase energy" of-GLD , and this is EXTREMELY STRONG, drifting down during consolidation. 9. The green arrows are up (not shown). 10. Look to the far right on the chart, around $126. You will note a yellowish line on top (lips), with black dots below (teeth), and a blue line (jaw) below the black dots. Now, all three are closing, correct? This is where I ask you to use your imagination and envision these three items as the "closing jaws of a SLEEPING which will re-open after a corrective phase" (three minor a-b-c waves).
The metals complex (gold-silver-aluminum-platinum-etc.) has been strong for an extended period of time.
In my opinion, GLD-GDX-XME should all continue higher.
I will close with another quote from Alfred E. Neuman: "Most people are so lazy, they don't even exercise good judgement!".
Good luck to you. Don.