Senor, on previous occassions you said you prefer to be early. But this time early...why is that made I ask?Senor is muy happy this smash in mining stocks is happening? A muy bueno buying opp should present itself, Senor prefers to be late rather than early this time. XAU 155 first target is not far away, 146 after that. Thinking Monday/Tuesady at earliest for a bottom. Other thoughts?
PURE BS
Senor
Where and when does a bottom form?
Started by
senorBS
, Jan 21 2010 11:31 AM
62 replies to this topic
#11
Tor
-
- Traders-Talk User
- 7,647 posts
Member
Posted 22 January 2010 - 11:38 AM
Observer
The future is 90% present and 10% vision.
The future is 90% present and 10% vision.
#12
senorBS
-
- TT Member+
- 10,949 posts
Member
Posted 22 January 2010 - 12:01 PM
huge volume on this am buying in GDX.
Si, and XAU pretty much tagged my 155 target, low was 156.03. I did do some light buying down there. Might exit muy rapido if I do not like what I see.
BSing away
Senor
#13
senorBS
-
- TT Member+
- 10,949 posts
Member
Posted 22 January 2010 - 01:14 PM
huge volume on this am buying in GDX.
Si, and XAU pretty much tagged my 155 target, low was 156.03. I did do some light buying down there. Might exit muy rapido if I do not like what I see.
BSing away
Senor
Exited for decent trading gain, want to relax this weekend.
BSing away
Senor
#14
goldfungus
-
- Traders-Talk User
- 538 posts
Member
Posted 22 January 2010 - 06:01 PM
875 would be a world of hurt for bugs, many of whom are loaded here. dharma can rest easy long from 2001
dharma: as you saw, i mentioned prechter tongue in cheek. you told us you were fully loaded two days ago. things turned down as you thought they might in to a 26th low?
so at what level would you say you were wrong or is it more about cycles than price?
Yes it would be and I don't THINK we get there. I bought some RGLD today.
#15
dougie
-
- Traders-Talk User
- 9,046 posts
Member
Posted 22 January 2010 - 07:49 PM
So fungus: you threw Carl out the window?
#16
goldfungus
-
- Traders-Talk User
- 538 posts
Member
Posted 23 January 2010 - 12:59 AM
So fungus: you threw Carl out the window?
I wouldn't dare. LOL But I've noticed that he's better at the S&P than the commodities. That said even if we get there there will be bounces along the way. Stocks acted better than the metal today. I'm sure you noticed.
#17
dougie
-
- Traders-Talk User
- 9,046 posts
Member
Posted 23 January 2010 - 01:21 AM
yep miners> metal> dow
one positive divergence
#18
senorBS
-
- TT Member+
- 10,949 posts
Member
Posted 23 January 2010 - 11:14 AM
yep miners> metal> dow
one positive divergence
first day for that and they did so with the stock market getting pummeled, uno day wonder or something more? lets wait and see
Senor
#19
dougie
-
- Traders-Talk User
- 9,046 posts
Member
Posted 23 January 2010 - 07:22 PM
one day is my bet at this point: why? I have not completely capitulated yet
#20
JGUITARSLIM
-
- Traders-Talk User
- 618 posts
Member
Posted 23 January 2010 - 08:47 PM
one day is my bet at this point: why? I have not completely capitulated yet
Thats Funny
I wanted to capitulate on Thurs & Fri morning, I wound up just buying more.
As of Thurs, I am 125% LONG. Largest position in many months.
