i believe we are going to run up to about the 200 area and then pull back fwiw.that would complete 5 waves up
off of the low. i believe the low came in at 160.02 on january 2 fwiw
the hui
Started by
gannman
, Jan 09 2015 04:16 PM
15 replies to this topic
#1
gannman
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Posted 09 January 2015 - 04:16 PM
feeling mellow with the yellow metal
#2
gannman
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Posted 09 January 2015 - 04:31 PM
just to be clear i think the whole 3 plus year correction /bear market is done fwiw.
feeling mellow with the yellow metal
#3
SilentOne
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Posted 10 January 2015 - 01:55 AM
agreejust to be clear i think the whole 3 plus year correction /bear market is done fwiw.
"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain
#4
dharma
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Posted 10 January 2015 - 10:28 AM
its definitely a possibility . this upcoming rally will give more information
dharma
#5
fib_1618
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Posted 10 January 2015 - 06:36 PM
Could be...I guess the .618 retacement target of $1158 +/- $20.00 may had been the turning point.
I'll know more once I update my breadth data sometime on Sunday.
Fib
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#6
fib_1618
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Posted 11 January 2015 - 12:38 PM
Breadth in the precious metals stocks continues to improve as the McClellan Summation Index is now approaching the zero line with a -146 reading.I'll know more once I update my breadth data sometime on Sunday.
So still a bit of work yet to do internally before we can say, with assurance, that we have a bottom behind us, but things look constructive.
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
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#8
dougie
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Posted 11 January 2015 - 05:33 PM
http://scharts.co/1tXF8pX
Gives some Fibo targets if we consider this whole move up an ABC corrective
amazing how well the targets align to the larger fib sequence.
only time will tell
Gives some Fibo targets if we consider this whole move up an ABC corrective
amazing how well the targets align to the larger fib sequence.
only time will tell
#9
dougie
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#10
dougie
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Posted 13 January 2015 - 01:13 AM
well that channel top was taken out today so now we head to 23 and change on GDX IMO
http://scharts.co/1tXF8pX
Gives some Fibo targets if we consider this whole move up an ABC corrective
amazing how well the targets align to the larger fib sequence.
only time will tell
