294 replies to this topic

[dougie]

well that hurts as i was being serious <:

[dharma]

jg not doing a thing today, yes, ckg is my target, am going to wait until i see more signs of exhaustion. that big spike down in silver this am smelled of capitulation. want to see if there is more coughing up . i suspect the lows come on friday. waiting to see divergences dharma

[johngeorge]

jg not doing a thing today, yes, ckg is my target, am going to wait until i see more signs of exhaustion. that big spike down in silver this am smelled of capitulation. want to see if there is more coughing up .
i suspect the lows come on friday. waiting to see divergences
dharma

Thanks dharma

I have not done any buying today.........still waiting. And yes, the slide down in silver today caught my eye as well simply because it appeared to have been holding well the last day or so compared to gold. I thought silver might hold 32.50.......so much for what I think. Best is, like you have repeatedly stated, let the market do the talking.

Best to you

[stubaby]

Looks like we are bottoming ( ) If not here and now when?


http://stockcharts.com/c-sc/sc?s=$XAU&p=W&yr=4&mn=0&dy=0&i=p04556165740&a=259871938&r=1911.png

http://stockcharts.com/c-sc/sc?s=$HUI&p=W&yr=4&mn=0&dy=0&i=p06969611592&a=259871928&r=5421.png


stubaby

[stubaby]

Folow the "bouncing ball"

http://stockcharts.com/c-sc/sc?s=$BPGDM&p=D&yr=3&mn=8&dy=0&i=p93655708218&a=259871949&r=8853.png


stubaby

[dougie]

if this has all been a huge wave 2
wave 3 might be a doozzy

i added today to some names i like
still lots of cash in case they throw us for a loop here and take it down to the 38 retrace

Looks like we are bottoming ( ) If not here and now when?


http://stockcharts.com/c-sc/sc?s=$XAU&p=W&yr=4&mn=0&dy=0&i=p04556165740&a=259871938&r=1911.png

http://stockcharts.com/c-sc/sc?s=$HUI&p=W&yr=4&mn=0&dy=0&i=p06969611592&a=259871928&r=5421.png


stubaby

[dharma]

yes, i am expecting a dozy! up till now the markets have moved because of all the liquidity pumped into the system due to qe, sterilization, monetization , etc .etc. we who are alive, have to eat, buy gas, pay bills, etc. almost every thing has gone up in price. i have to think that soon, it will be reflected (temporarily-burnack) in the cpi and ppi. bonds may be starting to feel the pressure. folks have been corralled into interest bearing instruments in search of income. the usual will happen next. the bond woodshed is in view! this time frame fits in w/the cycle lows. and lo and behold tomorrow is the bradley and a cycle low, i also have, as traderama has pointed out to me, the last week of the month has alot of planetary influences. so i am open to the market , and i think the lows come soon. today is the customary bounce. i dont get emotionally involved in the fray, or @the least try not to. my sights are set on the 11/2 years of base made by the mining indexes. of course i dont know when, but the break out of this base, is the stuff big moves are made of. lots of ways to play for this. work on a strategy that you are most comfortable w/then execute it imo, this is a wave 2. and it is quite normal. and it conforms w/the cycle lows. corrections are part of the process. steady. its a continual process of shaking out the weak hands. one can have the right idea, but w/o doing ones own work the market will send one to the cleaners! dougie- i agree w/you on thm like the miners, gold etc this big inverse h&s is present . this is a low grade deposit. which is why i dont own it, and it doesnt mean it cant go skyward. for a play , good idea. for a long term b&h , not my cup of tea dharma

[dharma]

by the way i keep forgetting to draw your attention to aapl it is quite instructive this is what is in store for us notice that the angle of ascent gets steeper and steeper, you can mark these w/ever increasing trendlines. it will go the way of all parabolics even the mighty appl will exhaust and run out of buyers. quite the spectacle dharma

[dougie]

wonder if we get the chance to short her at 800$

[dharma]

hgnsi as of yesterday ==2.4% dhrarma