bottom fishing
#1
Posted 06 January 2014 - 10:35 AM
#2
Posted 06 January 2014 - 11:55 AM
w/intermarket divergences=gold making new lows silver not. gold making a double bottom and the miners have divergences, this is the best looking bottom yet. i see chidambaram is in the news saying he may lift some restrictions on buying gold. trying to create a short covering rally so he and his bankster friends can make a bundle. the old guard will be removed , hopefully in the upcoming april elections. if he lives, modi is the front runner. pointing to a fully employed state of Gujarat as the model. gujarat also has a very level of education.
The HGNSI was unchanged yesterday at -30%. MarketVane’s Bullish Consensus rose 2 points to 39%. still a feast for the contrarians.
fwiw,
i am looking @the june lows as the lows for the 4.25 yr cycle. and the december lows as the 12.5 yr cycle lows. this is not carved in stone , but is a working model should the lows be in.
i am nibbling on undervalued miners.taking my time.
all of the pompom cheer leaders are years away from recognizing their dreams
meanwhile there is another melt down @fukushima. and the world sits idly by . while the planet gets polluted by radiation.
disgusting!
dharma
nicely said amigo, I agree and nibbled on weakness all last month in the miners which IMO is the place to be if one wants some leverage vs gold and as historically sold out and cheap as they have become on this huge decline. Love the still very bearish sentiment, HUI decisively above 208-210 would be another importante step
Senor
#3
Posted 06 January 2014 - 12:01 PM
w/intermarket divergences=gold making new lows silver not. gold making a double bottom and the miners have divergences, this is the best looking bottom yet. i see chidambaram is in the news saying he may lift some restrictions on buying gold. trying to create a short covering rally so he and his bankster friends can make a bundle. the old guard will be removed , hopefully in the upcoming april elections. if he lives, modi is the front runner. pointing to a fully employed state of Gujarat as the model. gujarat also has a very level of education.
The HGNSI was unchanged yesterday at -30%. MarketVane’s Bullish Consensus rose 2 points to 39%. still a feast for the contrarians.
fwiw,
i am looking @the june lows as the lows for the 4.25 yr cycle. and the december lows as the 12.5 yr cycle lows. this is not carved in stone , but is a working model should the lows be in.
i am nibbling on undervalued miners.taking my time.
all of the pompom cheer leaders are years away from recognizing their dreams
meanwhile there is another melt down @fukushima. and the world sits idly by . while the planet gets polluted by radiation.
disgusting!
dharma
dharma:
I closed my protective "short positions" last week and am now also in accumulation mode - tradable rally here IMHO - ultimate bottom LOWER and LATER
http://stockcharts.com/c-sc/sc?s=$HUI&p=D&yr=0&mn=8&dy=0&i=p81437679463&a=294068806&r=1389026817592.png
I have us in a Wave 4 Triangle on the $HUI - ab complete - in c now with d and e to follow - Then Wave 5 down, FWIW.
http://stockcharts.com/c-sc/sc?s=$HUI&p=W&yr=13&mn=0&dy=0&i=p01594967453&a=314468341&r=4040.png
stubaby
#4
Posted 06 January 2014 - 12:16 PM
w/intermarket divergences=gold making new lows silver not. gold making a double bottom and the miners have divergences, this is the best looking bottom yet. i see chidambaram is in the news saying he may lift some restrictions on buying gold. trying to create a short covering rally so he and his bankster friends can make a bundle. the old guard will be removed , hopefully in the upcoming april elections. if he lives, modi is the front runner. pointing to a fully employed state of Gujarat as the model. gujarat also has a very level of education.
The HGNSI was unchanged yesterday at -30%. MarketVane’s Bullish Consensus rose 2 points to 39%. still a feast for the contrarians.
fwiw,
i am looking @the june lows as the lows for the 4.25 yr cycle. and the december lows as the 12.5 yr cycle lows. this is not carved in stone , but is a working model should the lows be in.
i am nibbling on undervalued miners.taking my time.
all of the pompom cheer leaders are years away from recognizing their dreams
meanwhile there is another melt down @fukushima. and the world sits idly by . while the planet gets polluted by radiation.
disgusting!
dharma
dharma:
I closed my protective "short positions" last week and am now also in accumulation mode - tradable rally here IMHO - ultimate bottom LOWER and LATER
http://stockcharts.com/c-sc/sc?s=$HUI&p=D&yr=0&mn=8&dy=0&i=p81437679463&a=294068806&r=1389026817592.png
I have us in a Wave 4 Triangle on the $HUI - ab complete - in c now with d and e to follow - Then Wave 5 down, FWIW.
http://stockcharts.com/c-sc/sc?s=$HUI&p=W&yr=13&mn=0&dy=0&i=p01594967453&a=314468341&r=4040.png
stubaby
I don't like that count but no reason to quibble as I will be muy happy on a rally to 250-260
Senor
#5
Posted 06 January 2014 - 12:19 PM
Edited by dharma, 06 January 2014 - 12:20 PM.
#6
Posted 07 January 2014 - 11:14 AM
#7
Posted 07 January 2014 - 11:16 AM
#8
Posted 07 January 2014 - 12:18 PM
#9
Posted 07 January 2014 - 12:30 PM
No sign of a bottom as yet with the earliest timing of one, where prices can actually trend higher, around March/April.do we bottom soon, as in this or next month, or do we bounce and bottom later this year?
Inquiring minds
Fib
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“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
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#10
Posted 07 January 2014 - 12:50 PM
No sign of a bottom as yet with the earliest timing of one, where prices can actually trend higher, around March/April.do we bottom soon, as in this or next month, or do we bounce and bottom later this year?
Inquiring minds
Fib
I would quibble here, IMO there are "signs" of a possible bottom but no confirming or significant evidence at all yet.
Senor