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#6 GOLD REFUSES TO DIE, BUT WILL IT LIVE FOREVER??

The bears have the bulls playing defense. Despite its relative strength, gold will be in a precarious position come Wednesday morning. But PIVO (Pham Infinite Volume Oscillator) says gold is going to fight until the last man standing. I will update the details very soon.

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1) LETS START FROM "PRS PRE-TESTING #4: HOW CLOSELY CAN A MOVE BE PREDICTED??"

This was a total bomb. The first complete failure for a PRS derivative map. From 15 hours ago:

"They regressions keep morphing sideways, but not enough to change the trend positive. I am thinking its death by a thousand cuts or sideways to cliff.

"6/16 8:15 AM Say what you want, but this time around gold has real fight. Its like, sellers really have to fight for each move down, and the fighting doesn't stop."

"This tracing attempt has been terrible."

"This is what I mean by fight. Every single inch there is a fight. All of that for $12, and maybe coming back up before coming back down."

"So then why do I insist on bearishness even though I was predicting new high last week? I can best answer this on the with some zooming. Let's start with 270-min bars."

"So let's zoom in. The configuration allow you to zoom in by going to 90-min bars. The colors will move 1 spot down though, so the grays in 270-min bars are now purple:'

"Let's zoom again:"

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2) From 12 hours ago:

"SO THE MOVE IN WE JUST DISCUSSED IN THE LAST FOUR CHARTS WILL LOOK LIKE THIS IDEA." (This was actually made the day before)

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11:47 PM TUESDAY: WELL WHAT IS THE PROBLEM THEN??

I wouldn't say it's a problem, it's just that we are an equilibrium between down trend price and uptrend volume:

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PRS has been terrible since Friday.

That means that I am going to forecast every single line of 1 to 2 sets of color. So we start like this:

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And then:

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Now this:

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And then this:

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to this,

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To double check I use PIMA instead of PIRL on 60 minute bars instead of 80 minute bars. Outer band 2304 instead of 2220 (period for orange). Got something very similar.

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THIS IS THE CHART AT THE TOP FOR THIS IDEA.

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Gonna break it off a couple of days to work PIMA 5.1 script bc versions 3.1, 4.1, 4.2 all has been taken down.

See you... space cowboys.

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OH YEAH, WHAT HAPPENS AFTER THAT... WILL IT FINALLY DIE??

IT DOESN'T LOOK LIKE IT. JUST MORE OF THE SAME.

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NOTE: I am trying to write the directions for PIMA before I re-release it correctly. Reading the charts in my ideas as I dish them out live will help you a lot from the experience that I've had with it.

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2:48 AM WED

MADE THIS TO CALM BEAR NERVES IN GOLD DISCUSSION.

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3:20 AM WED SHOWING PIVO in Gold Discussion for both GC1! AND XAUUSD

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10 AM AGAIN ON 5 MIN BARS SAME PATTERN

GOLD DISCUSSION ROOM SCREAMING FOR BREAK OUT.

AND I''LL SAY IT AGAIN I'VE NEVER SEEN THIS PATTERN FAILED.

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FIRST TIME FOR EVERYTHING, RIGHT? ... Let's see what happens in the after noon.

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10:10 AM WHAT CAN POVI DO FOR YOU? PREVENT YOU FROM BEING PRISONER OF THE MOMENT. CASE IN POINT. 5 MIN VS 15 MIN BARS.

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WHY WOULD CALL IT A BREAK OUT IF THE TREND LINE HASN'T BROKEN? RETESTS WORK BOTH WAYS UP AND DOWN. Again, let's see what happens in the after noon.

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THIS ONE JUST NOW IS 45-MIN BARS. SO 3X ZOOM OUT AGAIN. THE BLACK VOLUME LAYER NEEDS A DOUBLE BOTTOM FOR A SERIOUS BREAK UP. UNLESS MY EYES ARE FOOLING ME, IT'S STILL POINTING DOWN. BUT THE REDS ARE ALL ABOUT TO GO NEGATIVE.

UNLESS THERE'S REAL BUYING POWER TO PUSH IT BACK UP. CURVE IS TOO DEEP RETEST OF 1714 BEFORE HEADING BACK UP.

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The goal of PRS is to ultimately do 9-angles of full count regressions and average that automatically.

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9:06 PM WED 6/17 -- I'M GOING TO DEMO SOMETHING RIGHT HERE THAT''S VERY COOL. SIMPLE BUT POWERFUL. THIS DESERVES A SEPARATE IDEA PAGE BUT I'M OBVIOUSLY NOT DOING IT FOR EVERYONE. BUT FOR PEOPLE WHO ACTUALLY READ THE STUFF I WRITE.

For this demo: I'll be using 135-, 45-, 15-, and 5- min bars. Again 3:1 ratio layering. Let's start with 135-min bars

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I HAVE TO BABYSIT TONIGHT... SORRY. JUST GOT STARTED. MAYBE NEXT TIME.
GOOD NIGHT.

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THIS IDEA IS CLOSED FOR GOOD

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HAVEN'T HAVE TIME TO MAKE NEW ONE

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