No need to rush to buy I need confirmation but I think we are close we will see
I am a pattern trader and I believe this pattern is almost complete
Started by
gannman
, Dec 15 2016 10:51 AM
11 replies to this topic
#1
gannman
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Posted 15 December 2016 - 10:51 AM
feeling mellow with the yellow metal
#2
SemiBizz
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Posted 15 December 2016 - 10:58 AM
$5 NUGT sounds like the right price to me...
At that point it's an option price...
Price and Volume Forensics Specialist
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
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
#3
lotus2t
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Posted 15 December 2016 - 11:14 AM
$5 NUGT sounds like the right price to me...
At that point it's an option price...
Semi, gdx bounce point today 18.70. Bounces for a couple days then down into next week (maybe on Thursday) to 18?
Edited by lotus2t, 15 December 2016 - 11:16 AM.
#4
SemiBizz
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Posted 15 December 2016 - 11:25 AM
How about 17.77...
Actually NUGT is trading at a discount to GDX here...
Lot of volume coming off this top...
GMTFO type of trades.... (get me out)
Trapped gold bulls...
That disease is going to spread to the broader market soon...
Price and Volume Forensics Specialist
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
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
#5
dougie
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Posted 15 December 2016 - 12:27 PM
17 area should be good
#6
lotus2t
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Posted 15 December 2016 - 12:27 PM
How about 17.77...
Actually NUGT is trading at a discount to GDX here...
Lot of volume coming off this top...
GMTFO type of trades.... (get me out)
Trapped gold bulls...
That disease is going to spread to the broader market soon...
Wow, gdx 17.77 before a good bounce!
#7
dougie
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Posted 15 December 2016 - 12:28 PM
we could get there by Monday?
Then a surprise?
#8
lotus2t
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Posted 15 December 2016 - 12:38 PM
we could get there by Monday?
Then a surprise?
I think we bounce first maybe to lower bb.
#9
Russ
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Posted 15 December 2016 - 02:10 PM
we could get there by Monday?
Then a surprise?
I think we bounce first maybe to lower bb.
Dust has gapped right up to its top channel and a gap, may be time for a reversal.
"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/
#10
AChartist
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Tim
Posted 16 December 2016 - 09:45 PM
well there is 789 bitcoin, we'll see how it holds it, i think it will.
now what webbot said about it as I remember dont quote me for sure,
it stairsteps to 788, above 788 goes quickly over 1000, then to settle into
888 one time and then never look back.
But to see if he is right that BTC above 788 is when silver starts face ripping air gaps up.
He has been good on BTC, does not do so good on time, and has been lousy on metals but
just to point if you see a series of silver gaps up, it could be real. I will buy some silver this weekend
before futures open when no one knows it has anything to do with bitcoin, like a lot of silver this weekend.
This weeks throwdown is typical of epic fakeouts, we'll see. By my cycles I would say metals
offer one more buy point in several weeks maybe 5-6 weeks, to be seen if it is a higher low.
"marxism-lennonism-communism always fails and never worked, because I know
some of them, and they don't work" M.Jordan
