XAU will go up until early March, the price will probably be close to last summer's high.
Third wave now or "b" of an abc still unfolding?
Started by
senorBS
, Jan 30 2017 10:14 AM
34 replies to this topic
#21
Russ
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Posted 02 February 2017 - 09:13 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/
#22
senorBS
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Posted 02 February 2017 - 11:37 AM
I like how well the miners "so far" have held up during the short term selloff when gold pulled back from the attempted breakout above 220-224 resistance. Lets see how they close today
Senor
#23
senorBS
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Posted 03 February 2017 - 10:39 AM
my guess is that this rally after the early gold pullback to 1206 has a good chance to finally decisively rally above 1220-1224 resistance and if that happens we are likely entering the center point of a daily 3rd wave, I'm goin skiing, have fun amigos
Senor
#24
senorBS
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Posted 06 February 2017 - 09:42 AM
took profits on half my longs on the opening, now about 25% long, as always DYODD
as to why? GDX and GDXJ are right now challenging their 200-day MA's, often the 1st challenge is rejected so I took some off the table but still holding a core long
Senor
Edited by senorBS, 06 February 2017 - 09:45 AM.
#25
Smithy
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Posted 06 February 2017 - 10:51 AM
Senor congrats on the profit; I'm hanging in there. A question - do you know how the DSI is arrived at:? ;
#26
dougie
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Posted 06 February 2017 - 11:55 AM
Nice trade ! Looking to add some hedges here shortly.
Some negative divergences holding up
Some negative divergences holding up
#27
johngeorge
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Posted 06 February 2017 - 12:18 PM
Per usual, the nose knows. Awesome trading Senor. A joy to watch you work. 
I believe I need to take up skiing and biking. 
Best to you.
Peace
johngeorge
johngeorge
#28
senorBS
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Posted 06 February 2017 - 03:27 PM
as we have currently blown thru the 200-day MA's in GDX and DDXJ and with Gold at 1234 sure looks like a iii of 3 of a larger THREE of C unfolding
Senor
#29
dharma
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Posted 06 February 2017 - 03:52 PM
so if its a C its a large correction? is that how u see it? or do you see this as an impulse indicating we are going much higher?as we have currently blown thru the 200-day MA's in GDX and DDXJ and with Gold at 1234 sure looks like a iii of 3 of a larger THREE of C unfolding
Senor
thanks
dharma
#30
goldfungus
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Posted 06 February 2017 - 03:55 PM
so if its a C its a large correction? is that how u see it? or do you see this as an impulse indicating we are going much higher?as we have currently blown thru the 200-day MA's in GDX and DDXJ and with Gold at 1234 sure looks like a iii of 3 of a larger THREE of C unfolding
Senor
thanks
dharma
Be right and sit tight. jmo
