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GLD ETF Charts and Narrative: Following and Analysing Thursday's Forecasted Long Opportunity in Real-Time Using EchoVectorVEST MDPP Model's Technology And Methodological Approach

Jul 13, 2012 

GLD ETF TH 11 JULY 2012 2 DAY 1 MINUTE OHLC  11:04AMEST

Shortly after the 1055am DEV ebtp low and echorally from the previous day.  

The grey up-vector illustrates the demand coming off the 1005am low from the surge before the first significant DEV counter-trend echo-rally occurring at 1030am, being the previous day's post-first rally 'try' low.

The green up-vector represents the slope and extension gain of the 1055am low to the 1005am high 'double-top' from the day before.  The green top-to-top dDEV echo-resistance vector from there represents the echo from the tops at 1206, 200, and 340 the day before. 

The first indication of this intial countertrend rally potential strength is the post 1006am 'non weakness' occuring, and countertrend strength, to the day before going into 1015.

This vector could become support if GLD rallies past this resistance today on the forecasted QEV strength.

Note that the pink downpressure echovector is the DEV opening low  at 934 from the day before to today, as wel as the momentum echovector top from the first significant intraday rally (opening) to 950 the day before.

Solid blue support DEV echovector is calculated by running the initial opening low at echotimeperiod 934 thru the 1055 low, and on to the closing range on the EBD (Wednesday), then transposing this echovector onto the current day's (Thursday's) time-frame. This enhances and simplifies the DEV echovector visual forecast calculus.

The dotted blue support vector is simply the vector off the low of the first counter-trend strength rally at 1005 to this temporary DEV perfect symmetry extrapolation close.

Remember, today's QEV and 2QEV call for stronger than trend breakouts to the upside.

Collection of CALL options along the grey downtrend DEV  (900-930 block lows) within the regular hour market this morning is in effect.  Triggered protection limits are also employed.

Viewing the options on a correlated 2 Day 1 minute real-time chart helps to optimize correlate price entry points with respect to time.

1104 (click to enlarge)

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GLD ETF TH 11 JULY 2012 2 DAY 1 MINUTE OHLC  11:07AMEST

The 1055  DEV Echobottom comes in and produces successful rally back up to intersect with the original countertrend and 'first breakout try' rally, which met predicted resistance along the DEV downvector (in pink) from day before.  

1107 (click to enlarge)

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GLD ETF TH 11 JULY 2012 2 DAY 1 MINUTE OHLC  11:11AMEST

Initial resistance again trying to show greater stregth than the intial strength rally vector that failed . Also getting close to pink resistance downtrend DEV again. 

1111 (click to enlarge)

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GLD ETF TH 11 JULY 2012 2 DAY 1 MINUTE OHLC  11:22AMEST

Intersecting in the crosshairs of the pink DEV and the grey upstrength vector and finding reversal weaknes there.  Also notice the head and sholders pattern in the 1100-1130 block the day before... and the coordinated H&S pattern forming in the same time block today, and along the pink echovector  price target range.  

Good for longs that this is happening here... time is on long's side within derivative motion constancy, mathematically, in the vecotor time/price geometry... can be seen in prior day as GLD moves closer to 1132 forwardechotimepoint,  and the breakout that occurred through the pink resistance level that followed in subsequent time (1132 to 1205) the day before. 

1122 (click to enlarge)

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GLD ETF TH 11 JULY 2012 2 DAY 1 MINUTE OHLC  11:22AMEST

H&S pattern right on schedule, and now GLD is set up to test the green DEV strength and rally echovector reflection off the 1055 low from the day before.

This green echovector reflection is calculated and placed by running the 1055 low to the 1205 high on the EBD (Wednesday) then transposing this up-strength echovector to the current day's (Thursday's) time-frame. This also enhances and simplifies the DEV echovector visual forecast calculus.

1124 (click to enlarge)

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GLD ETF TH 11 JULY 2012 2 DAY 1 MINUTE OHLC  11:27AMEST

GLD pauses at and then appears to slightly break but come back to the green DEV echostrength vector.  This is another long confirmation indicator and support indicator on the day.  Notice also that purple support echovector is also close by, and that we are approaching a key timepoint and timeframe.... the close of the key continental European market.

Watching this support nexus and support crosshair at this key timepoint is important, as GLD moves into the very  important DEV forecast echotime period of 1132 to 1145, while remembering the key pink resistance echovector and the supporting calculus of breaking thru it.

Also remember that the 1130 to 1200 time period is the important London Market 'Influence Zone and Period,' and this market's important relationship to gold and gold mining, and to historically coordinating the price of gold to other assets globally (and vice versa).

(Also remember these are visual geometric display illustrations of otherwise precise computational and mathematical relations, so the visual geometric representation may contain some 'fuzz' or inferred error, depending on the resolution of the visual scope utilized.) 

1127 (click to enlarge)

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GLD ETF TH 11 JULY 2012 2 DAY 1 MINUTE OHLC  11:31AMEST

Strong reaction to this nexus of echovector support, to the close of the European market, and to the entrance of the 'London would rule gold' market.

This is more positive indication of breakout upside strength ensuing this half hour, as GLD sets up to challenge the pink DEV resistance vector.

The coming pink-green crosshair (demand/supply nexus) is important.

1131 (click to enlarge)

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GLD ETF TH 11 JULY 2012 2 DAY 1 MINUTE OHLC  11:34AMEST

The pink DEV resistance vector proves challenging again.  We are in the critical 15 minute time block, and at key DEV echoprice levels.

Right on target....

1134 (click to enlarge)

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GLD ETF TH 11 JULY 2012 2 DAY 1 MINUTE OHLC  11:55AMEST

The breakthrough of the pink DEV resistance occurs, the 'machines read the moment', and a major programmed buying surge to the upside ensues. 

EchoVectorVEST MDPP's forecast technology once again captures high speed and voluminous financial machine logic, making it manageable,  understandable, forecast-able, and advantageous.

Motion Dynamics and Precision Pivots... at work.

Intra-day targets for the GLD ETF July 13 2012 152 CALL and the GLD ETF July 21 2012 154 CALL are met. 

See:
SWINGTRADING THE GLD ETF USING ECHOVECTORVEST ANALYTICS AND FORECAST TECHNOLOGY: TODAY'S TOMORROW: CURRENT PERSPECTIVE AND FOCUS: UPDATE

"This is powerful information for the nimble day-trader and short -term opportunistic options trader, who knows how to interpret and position for this coordinated forecast phenomena occurring in the AEV, 3QEV, 2QEV, and the QEV for the GLD ETF, and in this focus interest echobackperiod.

The GLD ETF July 13 2012 152 CALL and the GLD ETF July 21 2012 154 CALL may be utility options and rider vehicles of choice for the simple long position buy-to-open options trader and delta opportunity positioner. The more advanced time-premium-decay positiviser's long positioning 'sell-to-open options trader could employ PUTS correlated to, and located on, the reverse side of GLD ETF ongoing and active real-time and then current price par strike differential."

The GLD pops very close to the pink DEV downtrend echovector now adjusted to and from the most foreward high time/price echobacktimepoint the day before, being right before yesterday's close at 347pmest.

1155 (click to enlarge)

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GLD ETF TH 11 JULY 2012 2 DAY 1 MINUTE OHLC  12:01PMEST

GLD  makes another reach towards its top as the London market closes.

This is another important intra-day cover point for the options daytrader seeking to optimize gains, sentiment, and time-premium against risk. 

Notice the price level of the intersect (crosshair) of the purple strength vector and the upper pink resistance downvector. 

On an intra-day optimizing daytrading basis, it is very important to cover before1206pm, the a key echobacktimepoint and the absolute price high the day before. 

An option to re-enter later remains.

1201 (click to enlarge)

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GLD ETF TH 11 JULY 2012 2 DAY 1 MINUTE OHLC  12:12PMEST

The decision to cover is quickly affirmed.  Echoretracement values and timing are evident.

As mentioned earlier, the green downtrending reflection vector will becomes support vector upon a breakout to the upside, which has now occurred.

Likewise, the blue/purple support vector construct now becomes the uptrend vector from the new intraday top, if prices hold up into the late afternoon after testing the mid-afternoon DEV echoweakneses. 

The 217pm and 234 echobacktimepoint launch lows now become important focus times...  as does the price point of the of the initial blue/purple and blue/purple spaced support vectors (and the upper pink {spaced} downvector) at their 400pm intersect time value, which is about $151.6

Now that the 1206 DEV echovector is established (aquablue), the new adjusted resistance downvector can be constructed and set (spaced aquablue).  Breakthrough of this vector, particularly at key DEV echotimepoints, would portend further strong upside price potential on an intraday basis.

1212 (click to enlarge)

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GLD ETF TH 11 JULY 2012 2 DAY 1 MINUTE OHLC  1:46PMEST

Two forecast opportunities for reentry appear as green support vector is reached:  1215 and 1255.


Upper pink downvector is breached twice before 217, which is further confirmation of strong bullishness and second wave breakout and climb.

 146 (click to enlarge)

GLD ETF TH 11 JULY 2012 2 DAY 1 MINUTE OHLC  2:19 PMEST 

In key crosshair, yet trying to breakout again in 2ND major wave on significant DEV echotimeperiod basis... 

219  (click to enlarge)

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GLD ETF TH 11 JULY 2012 2 DAY 1 MINUTE OHLC  2:28 PMEST 

Remaining in the key and positive price band as we enter the key 234 echostrength period and a potential 2ND wave launch.

228 (click to enlarge)

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GLD ETF TH 11 JULY 2012 2 DAY 1 MINUTE OHLC  3:06 PMEST 

Once again a breakthrough of key DEV resistance occurs in key launch focus timeframe, and the 'machines read the moment', and a major programmed buying surge to the upside ensues. 

A second step up the price ladder...

306 (click to enlarge)

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GLD ETF TH 11 JULY 2012 2 DAY 1 MINUTE OHLC  3:28 PMEST

Momentum caries prices right up to the initial strength vector tracked from the morning low, and close to the end of July Congressional Cycle echovector (yellow)

See:
http://echovectorvest.blogspot.com/2012/07/gld-etf-charting-way-ahead.html

Daytraders seeking to cover their longs should prepare to do so the last half hour of trading, as GLD hits the key yellow multi-year support echovector, or by 347pm (the echobacktimepoint closing half hour high from Wednesday) whichever comes first..

Swingtraders looking to cover on a short-term QEV and 2QEV basis to minimize risk should consider doing the same.

Swing traders, or longer term investors using the AEV as their weighted basis, may consider maintaining their long position for potential further gains.

327 (click to enlarge) 

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GLD ETF TH 11 JULY 2012 2 DAY 1 MINUTE OHLC  3:39 PMEST

All targets for today's  set-up and opportunity alert are met.

See:

SWINGTRADING THE GLD ETF USING ECHOVECTORVEST ANALYTICS AND FORECAST TECHNOLOGY: TODAY'S TOMORROW: CURRENT PERSPECTIVE AND FOCUS: UPDATE

"This is powerful information for the nimble day-trader and short -term opportunistic options trader, who knows how to interpret and position for this coordinated forecast phenomena occurring in the AEV, 3QEV, 2QEV, and the QEV for the GLD ETF, and in this focus interest echobackperiod.

The GLD ETF July 13 2012 152 CALL and the GLD ETF July 21 2012 154 CALL may be utility options and rider vehicles of choice for the simple long position buy-to-open options trader and delta opportunity positioner. The more advanced time-premium-decay positiviser's long positioning 'sell-to-open options trader could employ PUTS correlated to, and located on, the reverse side of GLD ETF ongoing and active real-time and then current price par strike differential."

339 (click to enlarge)

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GLD ETF July 13 2012 152 CALL

425 (click to enlarge)

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GLD ETF July 21 2012 154 CALL 

425  (click to enlarge)