its time for a new thread!

hubba hubba hubba w/the bulk of my funds i dont care what the short term swings are. for me its all preparation for making the real money. its not the swings where one makes the big money. its the trend. nothing, imo , has been violated on the charts, even on the swings. can it happen that violation of this up trend occurs? sure, i do not hold the master keys for the future. i do know , that yesterday price did what i thought, and i added. i stick to my work. i follow it. as for sinclair(i follow no one) i am very familiar w/him. he was around in the last bull market. had a brokerage bearing his name. i met him on a meditation course in 78. he and his wife had the rooms across the hall from us. we would talk daily. he was instrumental in my learning ta. i have told 2 people here, awhile back, how to figure out what prices are his angles. i know that he has traded the gold market before , there is no substitute for experience. so i read his site daily. www.jsmineset.com. the rest of these analysts guy/gals i dont know how much experience they really have. cbs sold in a 5minute window yesterday, and knocked the price for a loop. is there more of that to come? i would suspect that they will continue to sell here and there. keep in mind that cbs sold the lows: canada and england come to mind. canada is out of gold, their cupboard is bare. its all positioning. say what they want, europe is bankrupt. they will print. have a little more cash to deploy. dharma

Edited by dharma, 09 December 2011 - 11:02 AM.

i am unfamiliar w/this guy,
i read this yesterday and this morning again
http://www.tfmetalsr...og/3107/be-wary
would love to hear feed back on this
dharma

i am unfamiliar w/this guy,
i read this yesterday and this morning again
http://www.tfmetalsr...og/3107/be-wary
would love to hear feed back on this
dharma

dharma:

Took a look - his TA is spot on! Will add to my favorites

stubaby

there are a couple of things i dont like about the present market.and a couple of things that i like. so far nothing has been violated, but the situation is quite precarious. i am talking short term here. its a time for caution. more on this monday dharma

there are a couple of things i dont like about the present market.and a couple of things that i like. so far nothing has been violated, but the situation is quite precarious. i am talking short term here. its a time for caution.
more on this monday
dharma

dharma:

http://stockcharts.com/c-sc/sc?s=$GOLD&p=D&yr=1&mn=0&dy=0&i=p48587234920&a=246270726&r=73.png
I still believe a move down towards the 23.6% FIB (1,516) and near the important trendline I previously identified would be a "healthier" set-up for going forward (but you rarely get what you want).

I watch GLD:SLV Ratio for clues to the "risk-on" trade, which benefits the miners. Looks to have competed a 61.8% FIB retrace and ABC corrective and is near to breaking below a bearish wedge formation. Will be watching this closely this week for early clues.

http://stockcharts.c...7604&r=8212.png

http://stockcharts.c...7641&r=4646.png

stubaby

as i said over the weekend, i thought the pennant was a hook. i think the 1530 low was A all the action since was B 1804 high, and we are now in C. as beautiful a story as the pms are, they are still a market. what about manipulation? i make my money by investing/trading the market. the markets are manipulated, that is a given. now, how do i go about making money. crying about stuff like that, doesnt help me in any shape of form. todays, action tells me that low lies somewhere ahead. the crises is not over. nothing has changed. its just time to finish off this correction. does 3of 3 lie ahead as alf suggests? i dont know if the recognition phase has occurred or not. we will know when it occurs. i do know that the mining indexes have all made consolidation patterns over the last year +. its a powerful pattern , when we break it to the upisde it will become a base. the western worlds financial house is a house of cards. a giant ponzi scheme . madoff was a piker. this is a big ponzi scheme , maybe the ultimate ponzi scheme. the game will play out to its ultimate fulfillment. the die is cast. there are no statesman only politicians , who are bent on taking my rights as stated in the bill of rights. the bottom for this move is in front of us. i will be adding, when it seems like that has occurred. dharma

dharma: i take it this cycle date, the 8th was indeed inverted? if so, what are your next critical dates? Dec 28th?

dharma: i take it this cycle date, the 8th was indeed inverted? if so, what are your next critical dates? Dec 28th?

astro dates are not cycle dates. they are astro dates. on those dates the market can reverse trend, speed up , or continue the chop if that is the case.
i see its the problem w/communication. my intent is one thing and then it is interpreted. i have lots of astro dates this month, relatively speaking.
an aside
i see the bearish calls coming out for gold as the deflation takes a grip.
dharma

1705 is the panic pivot on gold...

Friday's Forecast:

Looking at gold. As we saw 1705 is stubborn support. Since it held up under
constant pressure today, we could see an attempt to break it down on overnight
light volume. It looks like we'll see a bounce to at least 1711-13, and
potentially higher back up to 1733. The path down is pretty clear, once 1705 is
broken we're looking at a decline of 50+ pts.

on the gold chart , we got into the apex of the triangle, that has no power. on the sgol etf, the pattern is more alive and well. 1659 is support. get below 1620 and 1603 comes into play. wednesday mercury goes direct=communications are better and friday is another astro turn. i am in watch mode @some point, if we continue to decline, i suspect the physical market breaks its close tie to the paper market. "If you're going to panic, do it fast and beat the crowd." Jesse Livermore dharma

Edited by dharma, 13 December 2011 - 10:43 AM.