 Sorry Gold Bugs, I have more BAD NEWS, XAU Made the 2012 Low today and... |
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 Mar 15 2012, 12:17 AM
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#1
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 Member Group: Traders-Talk User Posts: 15318 Joined: 30-October 03 From: Planet Earth Member No.: 463  |
It came on TWICE THE VOLUME as the previous session... The 2012 low was made on the STRONGEST VOLUME of the year as well. The gold stocks tend to lead the gold price...
On another note... DZZ been working fine. (Short Gold Contract ETF) 
-------------------- Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position" Volume is the only vote that matters... the ultimate sentiment poll. http://twitter.com/tradingcoach1 |
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Mar 15 2012, 12:57 AM
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#2
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 Member Group: Traders-Talk User Posts: 4871 Joined: 6-July 04 From: Seattle, WA Member No.: 2061 |
I heard Greece is selling gold. May be other PIIGS are too?
-------------------- Technical analysis is a windsock, not a crystal ball.
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Mar 15 2012, 04:46 AM
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 Member Group: Traders-Talk User Posts: 6287 Joined: 22-August 03 From: Kahlifoania Member No.: 11 |
QUOTE The 2012 low was made on the STRONGEST VOLUME of the year as well. We're also within the window of the next nesting of the 3 month cycle. Climactic behavior? Fib 
-------------------- Better to ignore me than abhor me.
Wise men don't need advice. Fools won't take it. - Benjamin Franklin Technical Watch Technical Watch Twitter Page Technical Watch Facebook Page |
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Mar 15 2012, 06:42 AM
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#4
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Member Group: Traders-Talk User Posts: 1702 Joined: 1-February 11 Member No.: 10205 |
QUOTE (fib_1618 @ Mar 15 2012, 05:46 AM)  QUOTE The 2012 low was made on the STRONGEST VOLUME of the year as well. We're also within the window of the next nesting of the 3 month cycle. Climactic behavior? Fib Dave, You mentioned elsewhere that the effects of QE2, the liquidity are actually seen in the markets some months atferwards, I think you said something like 8-12 months. What are you basing this on, and what information and references do you have to support such a claim? I cant seen anything to support it. I thank you in advance for any such information. Also, do you by any chance know where I can get a chart on the eurodollar commercial interest as a persentage of open interest (OI)? Thanks, |
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Mar 15 2012, 08:15 AM
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#5
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Member Group: Traders-Talk User Posts: 6287 Joined: 22-August 03 From: Kahlifoania Member No.: 11 |
QUOTE What are you basing this on, and what information and references do you have to support such a claim? Well, there's probably not too much out there because it doesn't jive with general Ivy League thinking, plus I haven't written a book on liquidity waves as yet! This is something though that we do discuss a lot in our chat sessions as you already know. QUOTE Also, do you by any chance know where I can get a chart on the Eurodollar commercial interest as a percentage of open interest (OI)? There are free charts of the Eurodollar futures such as this one. Once you have that, you should probably go to Commitment of Traders where you can then figure out the percentage yourself. Fib -------------------- Better to ignore me than abhor me.
Wise men don't need advice. Fools won't take it. - Benjamin Franklin Technical Watch Technical Watch Twitter Page Technical Watch Facebook Page |
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Mar 15 2012, 10:25 AM
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#6
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 Member Group: Traders-Talk User Posts: 829 Joined: 14-August 10 From: Kansas Member No.: 9670 |
FWIW I got a bullish doji star pattern buy signal on DGP this am, at the .618 retrace from its recent IT high. Interesting that this also touches the LT rising trendline. We'll see if the signal is confirmed by staying above yesterday's close by day's end.
-------------------- Opportunity knocks on your door every day-answer it.
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Mar 16 2012, 07:54 PM
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#7
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Member Group: Traders-Talk User Posts: 1441 Joined: 14-January 04 Member No.: 1061 |
Mmm, gold is looking good..I think I'll put my shovel back up and eat me another apple...
 http://stockcharts.com/public/1178409/tenpp |
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Lo-Fi Version | Time is now: 19th June 2013 - 12:33 AM |