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Ron Jaenisch's  Instablog

Ron Jaenisch
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A personal student of Dr. Andrews of Median Line fame. Has articles published in several magazines including Stocks and Commodities, Futures and Traders World. For over 10 years has been trading and teaching the Advanced Andrews Course at www.andrewscourse.com and www.precisiontrader.com
My company:
RCS
My blog:
precisiontrader
My book:
Advanced Andrews Course Manual
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  • The Next BOOM In Gold

    Is Gold about to BOOM?

    By Ron Jaenisch

    For the last year the price of Gold has been going down. I December of 2013 on two occasions it even made new lows for the year. But if we take a closer look at the price action, utilizing the tools that Alan Hall Andrews taught we can have quite I bit of insight.

    In the daily chart the "Pitchfork" consisting of the median line and the two parallels is drawn.

    (click to enlarge)

    As you look at the chart you can see that as prices went down towards the new lows set in December, they at first went further and further past the red median line. Then after prices made new lows for the year nearly two weeks ago they went within a hair of making it to the median line and reversed. On the last day of 2013, seen on the chart, they went in the direction of the median line again and did not get very close at all. This believe it or not is considered bullish.

    On a weekly chart the examination takes place with the Babson profit ladder.

    (click to enlarge)

    As you can see on the weekly Gold chart prices use these Babson lines for support and resistance. At this time they are at one of these lines, where support is typical.

    So what is next?

    (click to enlarge)

    The daily chart with the Andrews Pitchfork drawn towards the future, is sloped ever so slightly upward. The next target area is the red median line. The next time period to watch after the middle of the month of January 2014. If prices can firmly stay above the Median line during the end of the month there may be the start of a rally. The author has written the Andrews Advanced Course for serious traders along with several Ebooks for hobbiests available at innovativegeometry.com

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Tags: GLD
    Jan 01 10:24 PM | Link | Comment!
  • Oil Sector To Blossom

    A few weeks back I posted an alert on Cnn IReport that Oil had a significant reversal signal along with this chart.

    (click to enlarge)

    Today I noted that several oil stocks gave Buy signals. The one I purchased was KOG.(click to enlarge)

    From a fundamental point of view, may I point out that the company had a 100% increase in earnings this year and the price of the stock is back down in last years rage.

    But more important is that there are many buy signals of stocks in this group. This indicates that the group is going up and the various Andrews-Babson signals here are an additional input.

    Disclosure: I am long KOG.

    Dec 18 11:03 AM | Link | Comment!
  • Topping Pattern In NASDAQ

    (click to enlarge)

    The Nasdaq pattern is one of my favorites.....A Christmas tree. Yes tis the season......But there are actually specific geometric rules for measuring the probable top area.

    Recently the Nasdaq went into the topping area and reversed. It was the last of the three major indices to show a top.

    (click to enlarge)

    Very few people will believe it until the market is in what is referred to as the third wave down, or there is an accelerated first wave down. This could take weeks or even months. ......Stay tuned.

    Disclosure: I am short SPY.

    Tags: SPY
    Dec 13 11:00 AM | Link | Comment!
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