6 replies to this topic

[Rogerdodger]

AmericanBulls.com
GLD STREETTRACKS GOLD TR Daily Commentary
Our system posted a SELL CONFIRMED today. The previous BUY recommendation was issued on 02.08.2008 (4) days ago, when the stock price was 90.0000. Since then GLD has fallen -1.00% .
SELL-IF is confirmed by a black candlestick with a lower open. The selling price is today's open ( 90.830 ) according to the Rules of Confirmation.


Today a Black Closing Marubozu was formed. This shows that the day opened and then prices initially went up but then they reversed direction moving below the opening level and finally closing at the low of the day.



NEM NEWMONT MINING CORP Daily Commentary
Our system posted a SELL CONFIRMED today. The previous BUY recommendation was issued on 02.08.2008 (4) days ago, when the stock price was 50.2200. Since then NEM has fallen -3.44% .
Today a Long Black Candlestick was formed. This shows that the prices declined significantly from open to close during the day under strong selling pressure.

GDX MARKET VECTORS GOLD MINERS ETF Daily Commentary
Our system posted a WAIT today. The previous SELL recommendation was issued on 02.01.2008 (11) days ago, when the stock price was 50.3500. Since then GDX has fallen -6.87% .

[Rogerdodger]

Jack Chan showed a sell on HUI also, days ago:
http://stockcharts.com/c-sc/sc?s=$HUI&p=D&yr=0&mn=6&dy=0&i=p24527382819&a=53230925&r=998.png


GLD SELL days ago:
http://stockcharts.c...53245&r=507.png


And a sell on XAU in January.
http://stockcharts.com/c-sc/sc?s=$XAU&p=D&yr=0&mn=6&dy=0&i=p74961189792&a=61529491&r=504.png



As well as GDX:
http://stockcharts.c...560190&r=16.png


So far, SLV is still on a buy.

Edited by Rogerdodger, 12 February 2008 - 11:44 PM.

[Woody]

Hey Rog.....I know a TLBSS is a Trendline Break Sell Signal not sure what a BSBS is? Looks like a B____ S_____ Buy Signal (a Buy signal that doesnt work?) Also I like Jack's simplicity but his signals rely on drawing the proper trendline ---not always intuitive. no BS CW

Edited by Woody, 13 February 2008 - 10:37 AM.

[johngeorge]

Hey Rog.....I know a TLBSS is a Trendline Break Sell Signal not sure what a BSBS is?

Looks like a B____ S_____ Buy Signal (a Buy signal that doesnt work?)

Also I like Jack's simplicity but his signals rely on drawing the proper trendline ---not always intuitive.


no BS

CW

Woody
BSBS = Bullish Support Buy Signal
Best to you

[Woody]

Thanks JohnGeorge, Forgot IP (Inflexion Point?) Best to you too! oh and btw fwiw I'm expecting Equities to fall hard and that money should find its way into Gold, once equities bottom then perhaps we will start to see a serious correction in gold to that often quoted 750-775 area.

Edited by Woody, 13 February 2008 - 11:22 AM.

[teki]

IP - Impulsive Phase?

[johngeorge]

IP - Impulsive Phase?

YES

"oh and btw fwiw I'm expecting Equities to fall hard and that money should find its way into Gold, once equities bottom then perhaps we will start to see a serious correction in gold to that often quoted 750-775 area."

Thanks Woody for the comments and FF. Always appreciate your take. 8^)

Edited by johngeorge, 13 February 2008 - 08:57 PM.