79 replies to this topic

[dougie]

My list is the same nearly
But unlike you all I nervously paired back a bit

[dharma]

nice portfolio. everyone has to trade this thing as they are comfortable. being comfortable is key. otherwise needless mistakes occur

my bent tends to be towards the explorers. i enjoy researching a stock or company.  and the history of their management, if it exists.   some of these people have a string of success.   and are well known entities.  so although it is very speculative i try to stack the deck a bit. in my favor.  i try to avoid companies that need to return to the trough or wait until they have returned and then step in.  

i am of the mind right here, that this is a correction which will end shortly 

dharma

[swanstkdh]

I like NGD but it seems thinly traded compared to EGO.

[swanstkdh]

Except today down volume bigger.

Hmm.

[dharma]

ngd is a holding of mine as well, it has been a laggard.

i have the death zone for this decline @1325  

so far it has held.

miners starting to give it up, i would like to see the miners stronger than the metal

lets see what the next days hold

dharma

[swanstkdh]

Thanks D. I am looking for negative divergence as the next up gets underway. That will set us up for a larger decline. It was a whole lot easier to trade this a month ago.

[dharma]

yesterday the gld dropped 16 tons . this is more than 1% i have noticed that when there is 1% or more drop in the gld , the lows are w/in 3 days.  w/yesterdays action, i am leaning towards the lows being in.  and the next leg higher will commence.   

dharma

did some buying yesterday and the day before

[dharma]

sentiment

 HGNSI fell 20 points to 25%

MarketVane’s bullish consensus fell 2 points to 59%,

DSI fell 14 points to 63%.

this market is no where near frothy

i suspect that monday//tuesday saw the commercials short covering

dharma

margin debt increasing on the broad market rally= folks buying stuff on margin they cant afford. =caution.  normally gann bought on new highs= a sign of strength

still watching db, i believe this will set off fireworks when it makes new lows

lots of derivatives in their portfolio

[dharma]

market a bit skiddish . weak hands sell on down days. then jump back in on up days.  then sell near the close.  market climbs a wall of worry

we are going to have a convincing up move into the august 5 bradley

dharma

Edited by dharma, 13 July 2016 - 03:23 PM.

[goldfungus]

market a bit skiddish . weak hands sell on down days. then jump back in on up days.  then sell near the close.  market climbs a wall of worry

we are going to have a convincing up move into the august 5 bradley

dharma

The exact bottom for the miners was on my wife's B-day. It would be perfect if the top happened on mine!