are we approaching recognition?!
#51
Posted 04 April 2012 - 02:33 PM
There is lotta room to fall from here unless the XAU can climb and maintain 171.71.
More downside than you think.
http://stockcharts.com/c-sc/sc?s=NEM&p=W&b=5&g=0&i=t38723204022&r=1333567970109$.png
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#52
Posted 04 April 2012 - 03:04 PM
#53
Posted 04 April 2012 - 03:05 PM
HUI to the 61% retrace at 335?
XAU is in another trading band here...
There is lotta room to fall from here unless the XAU can climb and maintain 171.71.
More downside than you think.
http://stockcharts.com/c-sc/sc?s=NEM&p=W&b=5&g=0&i=t38723204022&r=1333567970109$.png
#54
Posted 04 April 2012 - 03:17 PM
there was capitulation today. we will see how much more there is.
dharma
[quote name='dougie' date='Apr 4 2012, 05:04 PM' post='618221']
Stu:
not sure what you are seeing to suggest that. This looks more and more like 08. technically at least
dougie:
#55
Posted 04 April 2012 - 03:32 PM
#56
Posted 04 April 2012 - 04:59 PM
Looks to me from this chart if the XAU doesn't turn back up, there's going to be plenty of pain to go around in the broader indices...
http://bigcharts.mar...&mocktick=1.gif
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#57
Posted 04 April 2012 - 05:34 PM
http://bigcharts.mar...&mocktick=1.gif
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#58
Posted 04 April 2012 - 10:34 PM
Jack Chan:
Summary
Long term - on major sell signal.
Short term - on sell signals.
A major sell signal is now confirmed, therefore, upon the next cycle bottom, only GLD and CEF remain tradable as long as their configs remain bullish.
Edited by Rogerdodger, 04 April 2012 - 10:37 PM.
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
#59
Posted 05 April 2012 - 07:32 AM
This End Of Day chart still projects gold to 1458.
If you are trading these markets be on your toes. As has been pointed out by others on the board the volatility will only increase and trading will be more and more difficult. As for myself I remain a bull on silver and gold, but, I have left trading to the pros.
johngeorge
#60
Posted 05 April 2012 - 08:26 AM
Fwiw, yesterday on Dorsey's pnf the sell targets 1550. I also have a Rut sell too which imo goes hand in hand with the selling if liquidity is going to be drying up...target 796. I personally watch the nyse bullish percent. If we got a couple of hard down days, that could go on defensive which would be the first time this year. Still has a way to go but it's worth watching even for gold because it could put pressure on gold.This End Of Day chart shows a Bull Trap yesterday and projects silver moving back down to 28.45.
This End Of Day chart still projects gold to 1458.
If you are trading these markets be on your toes. As has been pointed out by others on the board the volatility will only increase and trading will be more and more difficult. As for myself I remain a bull on silver and gold, but, I have left trading to the pros.
TM
Edited by tradermama, 05 April 2012 - 08:30 AM.