bottoming
#171
Posted 04 February 2011 - 11:33 AM
#172
Posted 04 February 2011 - 11:45 AM
#173
Posted 04 February 2011 - 02:51 PM
#174
Posted 04 February 2011 - 04:18 PM
#175
Posted 05 February 2011 - 12:16 PM
why senor? after a nice 8-10% rise off the lows a lil profit taking should not surprise on a friday
put in a nice right shoulder of a H7s bottom perhpas?
so because it rallies 8-10% off a low it's a bottom? Hmmm, maybe it is but I'm not impressed and I'll let you think that way.
Senor
#176
Posted 05 February 2011 - 07:34 PM
#177
Posted 05 February 2011 - 07:36 PM
A retest of the lows or lower lows are certainly possible here - but odds are now that a bottom is in or forming - here. I am an IT trader and like to accumulate around turning points and use stop-losses (in case I'm wrong).
http://stockcharts.c...79733&r=438.png
http://stockcharts.c...6571&r=9006.png
One step at a time daily on buy signal - weekly "in buy range" - so far so good!
stubaby
#178
Posted 05 February 2011 - 11:21 PM
cycle low occurs on or around 2/18/11. The sychronous behavior is uncanny - (the raids correspond to big sellers showing up in the
time and sales on the comex with lots of big transactions occuring on the offer). Following these raids have been very good buying
opportunities for short term trades.
The cycle signal has been so strong, I have to believe it is contrived (or supported) by large players, the cycle will not disappear, for at the
very least, a few more cycles although it may be seriously attenuated.
There are some charts of my past post on the topic here:
http://anyoldnameblog.blogspot.com/
If anyone is interested in seeing a chart respond and I'll take the time to post, otherwise I think what I have described can be
investigated pretty easily.
cheers
#179
Posted 06 February 2011 - 09:34 AM
it is "perhaps" a bottom. my question was, why would a close on the lows after a big rally indicate trouble?
what would impress you?
cause up to this point the rally looks corrective to Senor
NO BS
Senor
#180
Posted 06 February 2011 - 11:37 AM
"I think Gold will correct, perhaps to the 1225-1250 range. Old tops become support, and we have some old tops in that range. Plus, the 60-week moving average has historically served as support, and it's already at 1233.
After the correction, I would not be surprised to see gold have another bull run into ~May. Seasonally, gold often makes important tops in the Spring. See March 2008, May 2006."
CHEESEHEADS RULE GO PACK!
Edited by johngeorge, 06 February 2011 - 11:41 AM.
johngeorge