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bottoming action for the start of a big rally


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#511 Smithy

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Posted 12 October 2018 - 06:37 PM

Senor, spot gold made a lows 9/28 at 1181 and 10/8 at 1183. I was wondering which you would peg as the wave 2 low. It looks like a toss up to me.



#512 senorBS

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Posted 13 October 2018 - 08:12 AM

Senor, spot gold made a lows 9/28 at 1181 and 10/8 at 1183. I was wondering which you would peg as the wave 2 low. It looks like a toss up to me.

My take is larger wave 2 bottomed at 1180 on Sep 18, another deep smaller degree ii bottomed on either Oct 8 or 9 at 1183 area, 

 

Senor



#513 Smithy

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Posted 13 October 2018 - 11:24 AM

Thanks Senor



#514 dharma

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Posted 13 October 2018 - 10:52 PM

a quick thought. friday gold and the miners opened down worked a bit lower. but then something different happened . there were dip buyers  they then proceeded to buy gold and at the end of the day miners were barely down. ie something is different . 

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#515 senorBS

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Posted Yesterday, 07:48 AM

Si, I wrote about the comeback as a "character change" several posts ago, lets see if it continues

 

Senor