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bottoming process continues


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#501 hhh

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Posted 13 March 2019 - 02:25 PM

Not setup for pics at the moment, but a started 02/01 and c (which is much longer) ended 03/07 on GDXJ. The subwaves are countable as 3-3-5 that way. The end of c coincides with the back test of the broken trendline I mentioned yesterday.


Edited by hhh, 13 March 2019 - 02:31 PM.


#502 dougie

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Posted 13 March 2019 - 02:43 PM

yeah, sure. But time wise isnt the other count more elegant?

The overall 2 would be a bit short too.



#503 hhh

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Posted 13 March 2019 - 02:52 PM

I agree on the time. By short, do you mean amount of correction in %?



#504 dougie

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Posted 13 March 2019 - 02:53 PM

and the amount of time



#505 Russ

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Posted 14 March 2019 - 08:21 AM

 

Looks like up to me. Is your opinion based on TA or gut feel?

Both. Elliot count too.

But as I say I am not married to that.

if my gut is right down should start in here somehwere

 

 Bingo Dougie,  I am seeing around March 25 as the coming low now, then it should rally into summer... 


"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



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#506 dharma

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Posted 14 March 2019 - 10:28 AM

russ i have a very similar set up . i have the turn starting saturday, but it seems to have started today.  i do think last night was your typical bankster bombing run

dont know if its brexit related may has done all she can to sabotage brexit last time there was a big stock market collapse  around brexit

.interesting times

dharma


Edited by dharma, 14 March 2019 - 10:29 AM.


#507 Russ

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Posted 14 March 2019 - 05:33 PM

russ i have a very similar set up . i have the turn starting saturday, but it seems to have started today.  i do think last night was your typical bankster bombing run

dont know if its brexit related may has done all she can to sabotage brexit last time there was a big stock market collapse  around brexit

.interesting times

dharma

Ok Dharma, good to have company and I see Eric Hadik is looking for a mid march low in the xau, but it looks like he will be about a week early.  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/

#508 gannman

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Posted 15 March 2019 - 09:38 AM

I think we could be setting up a major top in stocks fwiw we will see
feeling mellow with the yellow metal


#509 dougie

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Posted 15 March 2019 - 12:04 PM

yes stocks have another week or so too



#510 dharma

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Posted 17 March 2019 - 03:21 PM

it sure looks that way gannman

every republican president from reagan to the present has seen a big dollar down trend during their stay in office. i believe we are about to embark on that under trump.  a top in the broad market and a dollar decline should provide a friendly backdrop for a larger gold advance.  next week the fed meets. so i expect quiet gold market until they announce. make no mistake the fed is trapped  they will not be able to leave the market

1700 by october is my target

we shall see

dharma

weekly close above 1300 sector looks good to me 

platinum still way undervalued imo


Edited by dharma, 17 March 2019 - 03:24 PM.