that is the way Senor sees it. Long and strong GDXJ.
BSing away
Senor
Norte to challenge highs for the year
Started by
senorBS
, Aug 18 2010 10:51 AM
8 replies to this topic
#2
Ken
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Posted 18 August 2010 - 11:12 AM
that is the way Senor sees it. Long and strong GDXJ.
BSing away
Senor
With a pullback first or just straight up to new highs for the year because I have to admit I'm seriously confused. Gold and the mining stocks look very overbought on the daily charts. My short position which is HGD (Horizons BetaPro S&P/TSX Global Gold Bear ETF) on the Toronto Stock Exchange has a slow stochastic (14, 3) reading of 0.61, 2.82. Looking back over the last 3 years there has never been such a low reading for HGD and the slow stochastics.
#3
Ken
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Posted 18 August 2010 - 11:14 AM
Oops! Double post.Sorry.
Edited by Ken, 18 August 2010 - 11:15 AM.
#4
dougie
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Posted 18 August 2010 - 01:38 PM
Or a backtest of the uptrend line from Feb lows?
http://stockcharts.com/h-sc/ui?s=$HUI...amp;a=189137191
http://stockcharts.com/h-sc/ui?s=$HUI...amp;a=189137191
#5
senorBS
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Posted 18 August 2010 - 02:02 PM
that is the way Senor sees it. Long and strong GDXJ.
BSing away
Senor
With a pullback first or just straight up to new highs for the year because I have to admit I'm seriously confused. Gold and the mining stocks look very overbought on the daily charts. My short position which is HGD (Horizons BetaPro S&P/TSX Global Gold Bear ETF) on the Toronto Stock Exchange has a slow stochastic (14, 3) reading of 0.61, 2.82. Looking back over the last 3 years there has never been such a low reading for HGD and the slow stochastics.
To Senor's old eyes daily gold stock charts are entering tres wave norte, could challenge yearly highs sooner rather than later.
BSing away
Senor
#6
johngeorge
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Posted 19 August 2010 - 08:11 AM
Senor
I certainly am not in the same BSing league with you, but, I do have a projection for GDXJ from a bullish triangle which starts in the middle of May of $31 to $34. I do not hold GDXJ at this time, but, am looking to buy for a trade.
Gracias for your post.
Best to you.
Peace
johngeorge
johngeorge
#7
senorBS
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Posted 19 August 2010 - 08:54 AM
Senor
I certainly am not in the same BSing league with you, but, I do have a projection for GDXJ from a bullish triangle which starts in the middle of May of $31 to $34. I do not hold GDXJ at this time, but, am looking to buy for a trade.
Gracias for your post.
Best to you.
First, I am not so sure it was a triangle. I',m thinking 32-34, but just a guess.
BSing away
Senor
#8
diogenes227
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Posted 19 August 2010 - 08:02 PM
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
#9
diogenes227
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Posted 24 August 2010 - 09:21 AM
Covered shorts across the board on the opening gap down. Will stand aside for now. 
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
