382 replies to this topic

[stubaby]

dharma:

Sorry - it's a rainy day here so I am "playing" with charts - trying to come up with a near-term 1-12 days low, a possible seconday low end of Nov/early December and then your Jan 2013 target of 2,100:

This is my current count (modified slightly with a-b-c for Wave 4 (hitting the expected near-term low and a secondary low in late Nov/early Dec) followed by an impulse into January (Wave 5 of 1 with Wave 5 extending):
http://stockcharts.com/c-sc/sc?s=$GOLD&p=D&yr=1&mn=8&dy=0&i=p31059369907&a=280889610&r=126.png

By modifying the count still in Wave 3 of 1 (hitting the expected near-term low Wave iv of 3 and then completing Wave v of 3 into late Nov followed by a seconday low at year end for Wave 4 of 1) followed by an impulse into January (Wave 5 of 1):
http://stockcharts.com/c-sc/sc?s=$GOLD&p=D&yr=1&mn=8&dy=0&i=p31059369907&a=280891035&r=3669.png

If either of these scenarios play out the SWHTF over the next 3 or so months! Hmmm.... so many possibilities.


stubaby

[joshore]

Such great charts. Much appreciated

[tria]

Stubaby,

I prefer to draw support/resistance lines drom the bodies of the candlestick charts and not from the tail ends. If this holds true and you redraw your downsloping triangle support line, the 61.8% retracement becomes a real possibility.

http://stockcharts.c...p...&r=7584.png

-tria

[stubaby]

Stubaby,

I prefer to draw support/resistance lines drom the bodies of the candlestick charts and not from the tail ends. If this holds true and you redraw your downsloping triangle support line, the 61.8% retracement becomes a real possibility.

http://stockcharts.c...p...&r=7584.png

-tria

tria:

I put more weight on FIB levels than trendlines, unless of course we have support or resistance with multiple touches. Regardless of where the excact bottom is the next move up will be meaningful (Note: Been in CEF since 2002 as part of my "core" PM positions)

http://stockcharts.c...01-30&en=(today)&i=p75152999127&a=280956880&r=4180.png

stubaby

[dharma]

all of the mining indexes are exhibiting pennants or triangle patterns
1716 and 1697 are my support zones, and obviously the round #.
considering the magnitude of the advance off the may 16th lows, this correction is still minor on the fib retracements
hourly charts are oversold
soon, we see the nature of the rally. will be just a bounce or continuation of the uptrend
this guy is thinking like me
http://smartmoneytra...n-progress.html
dharma

[dharma]

by the way today is 25 years from the 10.19.87 crash in the broads dharma

[tria]

I have turned neutral from short in Gold and Silver trading positions. I do not wish to press the short side any further for now. Lower prices could turn me to start getting long for a trade. -tria

[tria]

FWIW Went long 1/3rd trading position in Gold and Silver. Gold 1695/1675 and Silver 30.70 area will get me more long if offered. -tria

[dharma]

sinclair just put out a brilliant piece. understand that . and you will see the banksters will be your ultimate ally stubaby, great charts thinking in fib terms we still have not done a .382 of the recent advance sound and fury dharma

[stubaby]

sinclair just put out a brilliant piece. understand that . and you will see the banksters will be your ultimate ally
stubaby, great charts
thinking in fib terms we still have not done a .382 of the recent advance
sound and fury
dharma

dharma:

If we are still in Wave 3 (Wave iv of 3) we hit the 38.2% FIB today (1,719.88)


stubaby