Jump to content



Photo

wave 3


  • Please log in to reply
157 replies to this topic

#11 senorBS

senorBS

    Member

  • TT Member+
  • 7,870 posts

Posted 06 January 2017 - 03:39 PM

i am not going to do anything. i will wait for the bottom of this wave 2
dharma

I assume you are talking the near term wave 2 from yesterdays highs? because IMO this week put the probabilities very high that a big Wave 2 or B decline has ended from the July/Aug highs.

 

Senor



#12 AChartist

AChartist

    Tim

  • Traders-Talk User
  • 4,232 posts

Posted 06 January 2017 - 04:10 PM

my gold daily gives 6 days to a high.

 

in the following correction there is a good supporting cycle.

 

set the clock for next rally to start around 40 days first of March.

 

if it is a tremendous move next week can make some positive changes.

 

if I get an entry after weekend premium draw and its not getting away

 

I will try some more nugt or equivalent calls on Monday just for the week.


Edited by AChartist, 06 January 2017 - 04:13 PM.

"marxism-lennonism-communism always fails and never worked, because I know

some of them, and they don't work"  M.Jordan


#13 dharma

dharma

    Member

  • Traders-Talk User
  • 7,066 posts

Posted 06 January 2017 - 04:19 PM

i am not going to do anything. i will wait for the bottom of this wave 2
dharma

I assume you are talking the near term wave 2 from yesterdays highs? because IMO this week put the probabilities very high that a big Wave 2 or B decline has ended from the July/Aug highs.
 
Senor

yes, i am
while today i had hoped to see follow through, so i didnt sell what i wanted to. i looked at the price cycle and it caught 1123 lows. and 1183 yesterday, however the cycle completes at 1213 .
that indicates there is strength. which is needed to turn the trend. out of wave 2 to wave 3 so far it looks promising. next week should clarify the situation. and hit 1213. i dont want
to be aggressive in the middle. i will be again at the bottom of the next wave 2 . dharma

#14 pisces

pisces

    Member

  • Traders-Talk User
  • 1,174 posts

Posted 06 January 2017 - 04:58 PM

i am not going to do anything. i will wait for the bottom of this wave 2 this 1183 is not the end of this price
cycle 1198 snf 1213 is the end of this price cycle and i expect this # gets hit it in this advance it has to show
itself .

thanks jabat going to go have a listen
dharma

 

Eric Hadik - 4 Jan 2017

 

http://www.howestree...d-east-dust-up/

 

Thanks for posting this interwiew most interresting and helpfull.



#15 dougie

dougie

    Member

  • Traders-Talk User
  • 5,816 posts

Posted 07 January 2017 - 12:45 AM

Gap fill and go with volume here today

#16 dharma

dharma

    Member

  • Traders-Talk User
  • 7,066 posts

Posted 09 January 2017 - 10:29 AM

not sure that we bottomed here , the highs of 1184 need to be taken out so this wave can complete to the upside.
its a process. waiting and watching
talk of china banning imports. all for the good of the citizens of course. this talk during chinese new year buying
dharma

#17 senorBS

senorBS

    Member

  • TT Member+
  • 7,870 posts

Posted 09 January 2017 - 08:05 PM

not sure that we bottomed here , the highs of 1184 need to be taken out so this wave can complete to the upside.
its a process. waiting and watching
talk of china banning imports. all for the good of the citizens of course. this talk during chinese new year buying
dharma

gold did eke out a new high and miners did not, so "might" now be in sync

 

Senor


Edited by senorBS, 09 January 2017 - 08:05 PM.


#18 johngeorge

johngeorge

    Member

  • TT Member+
  • 4,484 posts

Posted 10 January 2017 - 10:07 AM

So far so good as gold is looking strong, for now that is.  mellow.png  I came across this:

2017 Bradley Turn Dates for Gold ($USD)
Peace
johngeorge

#19 dharma

dharma

    Member

  • Traders-Talk User
  • 7,066 posts

Posted 10 January 2017 - 10:43 AM

since the lows the rally has traveled about 75 , which is quite normal. thursday is the full moon, so my plan is come off margin
and then some to make room for new buys at the bottom of 2. my work indicates that 1213 is the target for this rally , we will see
gold rallies into the full moon is quite normal. there will be a good correction to this move. we are still in the very early
innings. the big price appreciations occur later in the cycle 20-22
dharma
i believe gdxj did make new highs yesterday

Edited by dharma, 10 January 2017 - 10:45 AM.


#20 dharma

dharma

    Member

  • Traders-Talk User
  • 7,066 posts

Posted 11 January 2017 - 11:09 AM

overnight the market got to 1191 and now we correct. it could be the correction has run its course? we will see. tomorrow is the
full moon, which generally speaking brings tops in gold. my plan is lighten up. this is a long term indicator which remains
stubbornly in a down trend. the fed is very aware of this and they are trying to turn it around , once that occurs the wind will
be at golds back https://fred.stlouisfed.org/series/M2V

dharma