Look at the symmetry of the gold chart, perhaps heading for 4th wave up on light volume into the downtrendlines.
https://www.tradingv...com/x/zLnN8NHo/
bottom fishing
Started by
dharma
, Jan 06 2014 10:35 AM
173 replies to this topic
#31
Russ
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Posted 11 January 2014 - 05:26 AM
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#33
JGUITARSLIM
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#34
Smithy
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Posted 12 January 2014 - 09:24 PM
Dharma, would you be willing to post 3 -4 back dates of your 12.5 year gold cycle?
Thanks...
#35
dharma
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Posted 13 January 2014 - 10:54 AM
smithy,
gold started trading on the comex in 74 . the bull from 72-80 exhibited the 8.6yr cycle
which is 1/3 of the 25 yr cycle. so from the lows of either 99 or 01 it is 12.5 yrs . that is all i am willing to do right now
hit my resistance this am, a former low. seems to me the market is waiting for more information to determine direction. not very inspiring in here.
dharma
#36
senorBS
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Posted 13 January 2014 - 01:03 PM
looks to me kike near term secondary/corrective lows in the miners are occurring this morning, I added a little.
Dharma, I think Platinum and Palladium as well have made a huge secondary low the past few weeks as well and it has had a very good rally, copper looks good bigger picture as well, so I do see all the metals in sync, with gold and silver likely the laggards "for now".
Senor
no excuses near term as we should rally hard, yesterdays miner lows should have completed near term wave 2 or B bottoms and we should now rally above recent recovery highs, I will likely stop half of position at yesterdays lows contingent upon price patterns.
BSing away
Senor
no excuses time continues, if a third wave higher is underway in the miners and gold/silver then HUI should very soon accelerate above 208-210 resistance, I do not want to see any decline below HUI 204-205 - Elvis is singin it's "Now or Never" in the background
Senor
#37
senorBS
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Posted 13 January 2014 - 01:52 PM
additional stuff, dollar/Aussie and dollar/Yen sharp and decisive looking declines past few days add to the odds important intermediate term trend changes may be occurring, that means IMO that the big post triangle thrust is over in the dollar/Yen and back down to 97.50 it goes. The Aussie may have completed a big ABC decline from 2011 high, if this is correct it is at least near term bullish IMO for gold/silver.
Senor
#38
dharma
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Posted 13 January 2014 - 03:13 PM
gg has put in a hostile offer for oskff. oskff is up 20+%
this is significant
i cant remember the last time i saw a hostile offer in the sector
it says someone sees value in the sector!
dharma
#39
senorBS
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Posted 13 January 2014 - 04:32 PM
looks to me kike near term secondary/corrective lows in the miners are occurring this morning, I added a little.
Dharma, I think Platinum and Palladium as well have made a huge secondary low the past few weeks as well and it has had a very good rally, copper looks good bigger picture as well, so I do see all the metals in sync, with gold and silver likely the laggards "for now".
Senor
no excuses near term as we should rally hard, yesterdays miner lows should have completed near term wave 2 or B bottoms and we should now rally above recent recovery highs, I will likely stop half of position at yesterdays lows contingent upon price patterns.
BSing away
Senor
no excuses time continues, if a third wave higher is underway in the miners and gold/silver then HUI should very soon accelerate above 208-210 resistance, I do not want to see any decline below HUI 204-205 - Elvis is singin it's "Now or Never" in the background
Senor
so far doing what it has to and should do with a strong close at HUI 210.22, acting like a near term third wave norte, follow thru tomorrow and looks a bueno bit higher, uno step at a time
PURE BS
Senor
#40
dharma
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Posted 13 January 2014 - 11:49 PM
seems in vogue to be bearish on gold.
there is a good chance the trend has turned
more evidence is needed. although some guys were bearish all the way up
seems to me the market created the right psychology, now folks will short this
thing all the way up to the highs, climbing the proverbial wall of worry.
i am positioned , i am a long term bull. not smart enough to try and guess if we
bottomed or not. sure looks convincing. sentiment on suicidal side. double bottom in gold
miners in the gutter. today gg makes a hostile offer to osiko.
dharma
saving some cash
