GOLD Vs S&P

" The defined science of determining from the tape the immediate trend of prices. It is a method of forecasting, from what appears on the tape now in the moment, what is likely to appear in the immediate future. Tape Reading is rapid-fire common sense. Its object is to determine whether stocks are being accumulated or distributed, marked up or down, or whether they are being neglected by the large investors."

Dynamic -->Remember what is NOW is always a Becoming .This NOW is Both --> Structure and Process.

REMEMBER   TREND AND POSITION..

( remember to click and expand these charts :-) )

Now we forecast by ???

"( It )  is a study of force; it requires ability to judge which side has the greatest pulling power and one must have the courage to go with that side. There are critical points which occur in each swing, just as in the life of a business or of an individual. At these junctures it seems as though a feather's weight on either side would determine the immediate critical trend. Any one who can spot these points has much to win and little to lose, for he can always play with a stop placed close behind the turning point or "point of resistance". .............. This study of ‘responses’ to stimulation or outside influences on stocks is one of the most valuable in the Tape Reader's education. It is an almost unerring guide to the technical position of the market."

"It is a matter of indifference as to who or what produces these tests, or critical periods. They constantly appear and disappear; ( We )  must make ( Our )  diagnosis and act accordingly. If a stock is being manipulated higher, the movement will seldom be continued unless other stocks follow and support the advance. Barring certain specific developments affecting a stock, the other issues should be watched to see whether large operators are unloading on the strong spots. Should a stock fail to break on bad news, it means that insiders have anticipated the decline and stand ready to buy."

Other Stocks in this context here means GOLD== I would be VERY alert for a break in GOLD . Of course UP or DOWN  :-) ---> But ESPECIALLY  DOWN ....

"It requires ability to judge which side has the greatest pulling power and one must have the courage to go with that side" ( All quotes are from Studies in Tape reading )

Never get stuck in the moment .. You can not grasp NOW , You can only Live it.

STRUCTURE and PROCESS .. POSITION and TREND

ALWAYS a DYNAMIC EQUILIBRIUM

and a STUDY IN RESPONSES ..

A CRITICAL JUNCTURE===>

Motorway