In the above chart, I have noted the days (black lines) where the Reports mark a peak when Managed Money sentiment shifts from positive to negative and switches from buying long positions to selling long positions. This is generally the point where I exit any long positions and start shorting the miners.
At this point, I plot the PSAR on my chart and look for the points where it flips from positive to negative. This usually confirms the Report .
From this point forward, I plot a 5 day on my chart and extend the line forward. Every day I update this line and roll it forward.
Five days after the PSAR flips and starts to down, I plot a Flat Top/Bottom indicator using the PSAR dots as the endpoints of the downward sloping line, and the flat line set to the recent 5 day price low.
Every day I update the Line and the Flat Top/Bottom lines and wait for the trend to flatten and turn slightly positive. When this happens, I start reversing my shorts and start buying long positions.
The current trend is appears to be strongly negative, and may take a few weeks before it starts to flatten out and turn positive.
Regression Trendline starting to flatten out, so next week may see an uptick on gold prices.
Watch for NK to stir the pot with another ICBM test.