Jump to content



Photo

bottoming process continues


  • Please log in to reply
839 replies to this topic

#811 dharma

dharma

    Member

  • Traders-Talk User
  • 7,736 posts

Posted 15 May 2019 - 11:33 AM

here is an interesting fractal https://it.tradingvi...t/HUI/Y3U0rN7i/
atlantic goldgot bought out for a 41%premium 800million dollar deal a good sign
this to my mind is not a good sign https://www.reuters....n-idUSKCN1SC01B
there are so many spining plates right now. soybeans dont see a trade deal ,while the broad market is being talked up
dharma

#812 dougie

dougie

    Member

  • Traders-Talk User
  • 6,366 posts

Posted 15 May 2019 - 03:56 PM

is GDX 1-2 1-2? Overlap in 4 and 1 might rule this out though



#813 tradesurfer

tradesurfer

    Member

  • Traders-Talk User
  • 2,187 posts

Posted 16 May 2019 - 09:00 AM

SILJ breaking key support ! NOT GOOD



#814 stubaby

stubaby

    Member

  • Traders-Talk User
  • 1,482 posts

Posted 16 May 2019 - 10:18 AM

OK - here we go again - chance for a completed EW count for Wave 2 is at hand  I will say Wave iv of C of 2 is complete and we have now entered Wave 5 - What we want to see is divergences building here and NO EXTENSION.  Also, if this is correct this next reversal up will present itself in a convincing manner, All, FWIW  Good luck to all!

 

http://schrts.co/cFImSUfK



#815 dharma

dharma

    Member

  • Traders-Talk User
  • 7,736 posts

Posted 16 May 2019 - 10:38 AM

NICE work stu
i think we are close here. sentiment is poor
i think 1 and 2 can chew up may and part or all of june
we see
caution and patience
dharma

#816 senorBS

senorBS

    Member

  • TT Member+
  • 8,660 posts

Posted 16 May 2019 - 02:48 PM

SILJ breaking key support ! NOT GOOD

actually its fine IMO, looks like a final washout and I am lookin for a bottom at 7.20-7.30 area, I bot some SILJ sub 7.30, SLV looks like a final leg of the correction down today. Huge capitulations in stocks like CDE/PAAS/FSM. I could be dead wrong but I like the risk/reward here, up to about 65-70% long, as always DYODDsweatingbullets.gif

 

Senor



#817 senorBS

senorBS

    Member

  • TT Member+
  • 8,660 posts

Posted 16 May 2019 - 02:49 PM

OK - here we go again - chance for a completed EW count for Wave 2 is at hand  I will say Wave iv of C of 2 is complete and we have now entered Wave 5 - What we want to see is divergences building here and NO EXTENSION.  Also, if this is correct this next reversal up will present itself in a convincing manner, All, FWIW  Good luck to all!

 

http://schrts.co/cFImSUfK

 

T O T A L L Y A G R E E, we will soon see

 

Senor



#818 senorBS

senorBS

    Member

  • TT Member+
  • 8,660 posts

Posted 16 May 2019 - 08:04 PM

Silver has now reached critical mass, either this last decline to a new low near 14.50 ends a large and deep correction "NOW" (I favor this) or we see a melt down to new lows below the Nov bottom at 13.89. Show and tell time

 

Senor



#819 Russ

Russ

    Member

  • Traders-Talk User
  • 5,484 posts

Posted 17 May 2019 - 12:46 AM

 

OK - here we go again - chance for a completed EW count for Wave 2 is at hand  I will say Wave iv of C of 2 is complete and we have now entered Wave 5 - What we want to see is divergences building here and NO EXTENSION.  Also, if this is correct this next reversal up will present itself in a convincing manner, All, FWIW  Good luck to all!

 

http://schrts.co/cFImSUfK

 

T O T A L L Y A G R E E, we will soon see

 

Senor

 

GLD is has developed a trend for a high in mid August... 


"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/

#820 Russ

Russ

    Member

  • Traders-Talk User
  • 5,484 posts

Posted 17 May 2019 - 12:58 AM

here is an interesting fractal https://it.tradingvi...t/HUI/Y3U0rN7i/
atlantic goldgot bought out for a 41%premium 800million dollar deal a good sign
this to my mind is not a good sign https://www.reuters....n-idUSKCN1SC01B
there are so many spining plates right now. soybeans dont see a trade deal ,while the broad market is being talked up
dharma

Very interesting,  I have strong trends on the GLD and Gold bullion's chart for a major high in mid to Autumn 2021, possibly Oct which is a favorite month for panics.    


"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/