Jump to content



Photo

bottoming action for the start of a big rally


  • Please log in to reply
631 replies to this topic

#591 Russ

Russ

    Member

  • Traders-Talk User
  • 7,174 posts

Posted 11 November 2018 - 07:58 PM

Screen shot of what seems to be sentient trader's conclusion on gold's future... Charts.PNG


"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/

#592 dharma

dharma

    Member

  • Traders-Talk User
  • 9,595 posts

Posted 12 November 2018 - 11:50 AM

so far i dont see anything here to deter the possible bullish count. this wave 2 , at this point , is quite normal.

venus which goes direct on november 16th and mercury goes retrograde on that date.  this should change the direction of the gold market. 

and perhaps the stock market as well. venus changing directions has a high correlation to markets changing directions. one of venus indicators is finances

dharma



#593 stubaby

stubaby

    Member

  • Traders-Talk User
  • 1,658 posts

Posted 13 November 2018 - 08:43 AM

Using $XAU in a search for a bottom, FWIW

 

http://schrts.co/TqfMdz

 

 

We are at the mid-point of Wave 3 of 5 of C of 2, IMHO



#594 jacksterr

jacksterr

    Member

  • Traders-Talk User
  • 101 posts

Posted 13 November 2018 - 08:48 AM

I would expect to see weakness in the miners due to tax loss selling...



#595 dharma

dharma

    Member

  • Traders-Talk User
  • 9,595 posts

Posted 13 November 2018 - 11:50 AM

Using $XAU in a search for a bottom, FWIW

 

http://schrts.co/TqfMdz

 

 

We are at the mid-point of Wave 3 of 5 of C of 2, IMHO

DEFINITELY  a possibility  today the dsi is 7 . we got to 6 i2 the lows.  silver  made new lows , gold did not . a case of intermarket divergence. i thought yesterday saw capitulation in the miners.  hints of it today as well as gold broke the psychological barrier of 1200 and hit 1195.7   so far today we have a hammer.. lets see how this plays out. waiting to deploy

dharma

ps . chinese new years buying comes in next month, i think it will be muted as there economy/stock market is not performing well


Edited by dharma, 13 November 2018 - 11:51 AM.


#596 Russ

Russ

    Member

  • Traders-Talk User
  • 7,174 posts

Posted 13 November 2018 - 12:37 PM

SIlver looks like a possible double bottom and XAU has diverging momentum with a bull flag formation and doji formation today. Could this be the bottom and a test of the August low?  A silver - gold divergence is sometimes a sign of a bottom.

 

 


Edited by Russ, 13 November 2018 - 12:45 PM.

"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/

#597 dharma

dharma

    Member

  • Traders-Talk User
  • 9,595 posts

Posted 13 November 2018 - 04:16 PM

nenner https://www.zerohedg...mkbwqeLPkl3qlHQ

dharma



#598 Russ

Russ

    Member

  • Traders-Talk User
  • 7,174 posts

Posted 14 November 2018 - 09:43 AM

trading channel 'green box markets' view... https://www.tradingview.com/x/9k4TKv8T/ 

 


"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/

#599 dharma

dharma

    Member

  • Traders-Talk User
  • 9,595 posts

Posted 14 November 2018 - 12:00 PM

russ so he is saying wave 5 of c ends in a diagonal triangle

we are pushing to an exrtreme 6 days in a row down on gdx

dharma



#600 Russ

Russ

    Member

  • Traders-Talk User
  • 7,174 posts

Posted 14 November 2018 - 02:28 PM

russ so he is saying wave 5 of c ends in a diagonal triangle

we are pushing to an exrtreme 6 days in a row down on gdx

dharma

Dharma, Your guess is as good as mine, you could log onto the site and ask him, what you see in the chart is all I know, I did ask him what comes after 1270 and if he thinks we have seen the final low but have not got a reply yet. here's the link to his site... https://www.tradingv...DIZB6igsFAw7hwm Russ


"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/