89 replies to this topic

[Russ]

where do you see HUI going to from here, price and time?

 

[Russ]

Martin Weiss's view as I posted on Dharma's post.  This was created a few days ago so on his chart the gold price is lower than what is shown.

Edited by Russ, 10 December 2017 - 02:25 PM.

[stubaby]

 

where do you see HUI going to from here, price and time?

 

 

Feels like a Wave 3 - so yes, when Wave 3 is over we will have a Wave 4 - then Wave 5 - after that the upswing/bounce will "tell the story" - is it impulsive up or corrective up - if corrective then it's most likely a Wave 2 and we will have just completed Wave 1 of C - not good for the BULLS - if impulsive then Wave C would be done and we "could" have a stronger more sustained move higher.

 

I believe we are in the minor Wave 4 now and Wave 5 just ahead for "a" bottom - then we will see based on the type of bounce that unfolds what might be next as per above Wave structure/type.

 

If the bounce is corrective indicative of a Wave 2 - then $HUI could target the 115 to 120 range for a final bottom in the 1st quarter of 2018

 

If the bounce is impulsive indicative of Wave 3 or C - then $HUI could target at a minimum of around $350ish (Wave C = Wave A) more if Wave 3

 

There was lots of technical damage done last week - this can indicate acceleration down or the beginning of capitulation and reversal - IMHO we need to reverse this technical damage quickly or lower prices will be realized.  

 

ALL OF THE ABOVE FWIW

[Russ]

thanks Stubaby,  I see that Fib is now concerned that the gold stocks advance/decline is not diverging, so he is thinking the low may not come in Dec. but further out.

[dougie]

2 is getting kinda long in the tooth isnt it? Timewise? Though to be sure, if 1 was 9 months 2 could be a year and 3 months or so.

 

Edited by dougie, 10 December 2017 - 07:21 PM.

[dougie]

then $HUI could target the 115 to 120 range: A WORLD OF HURT

 

 

[Russ]

"If the bounce is corrective indicative of a Wave 2 - then $HUI could target the 115 to 120 range for a final bottom in the 1st quarter of 2018" .... Stubaby

 

 

Interesting that you are giving that prediction because the Gold Miner's Index (gdm) is showing a possible low in early Feb. 2018, if it goes as low as your prediction that would be a test of support from the late 2015 bottom and would be very bullish. I need to do some more work on this signal if I can get the data for my tradestation (dial data is not supplying it right now or they may have changed the symbol)

Edited by Russ, 11 December 2017 - 09:06 AM.

[gannman]

i am thinking around the 21st will be a time period for a possible bottom we will see. then we have to watch whatever rally we get. if it is a wave 3 

 

then the rally should be strong and persistent. as i said gdx over 24 is when i will think about adding 

[dougie]

i am thinking around the 21st will be a time period for a possible bottom we will see. then we have to watch whatever rally we get. if it is a wave 3 

 

then the rally should be strong and persistent. as i said gdx over 24 is when i will think about adding 

Seems smart

[gannman]

today was very nice and it could very well be THE bottom. i dont know. getting over gdx 24 quickly would convince 

 

me so i will watch here