Adding more NEM

Numero dos NEM position just added. BS all the way Senor There are quatro buying stages. Senor

Numero dos NEM position just added.

BS all the way

Senor

There are quatro buying stages.

Senor

I am getting daily buys signals on Nem. But they are bounce signals. Not sure how high she goes. Maybe for the gap fill as you suggested.

Edited by BearItch, 12 September 2006 - 09:23 AM.

Bearitch is back. Oh No! Haven't heard you in months.

Bearitch is back. Oh No! Haven't heard you in months.

Gold has not done anything in months either. Tis the season for a change though if you know what I mean.

With this Bradley turn being a low again ( this makes 8 out of 10 being lows) , we should see a decent bounce at the very least, but I am betting that this low, (wherever it ends up) will be the price low for the rest of this calendar year. The next COT data should show a very favorable bullish condition. This could end up being a great setup for some kind of event driven violent reversal.

With this Bradley turn being a low again ( this makes 8 out of 10 being lows) , we should see a decent bounce at the very least, but I am betting that this low, (wherever it ends up) will be the price low for the rest of this calendar year. The next COT data should show a very favorable bullish condition. This could end up being a great setup for some kind of event driven violent reversal.

Si si amigo, Senor thinks much the same...

BSing away.

Senor

re: Bradley dates

Oct. 11 +/-4 days or about mid-October is the major low I am looking for. Could be wrong, but I doubt it now. We should then get a major rally off that low into a Nov. - Dec. high with higher gold highs into the New Year. We'll see. This timing lines up with astro predictions and my gann charts. If the dates are actually reversed, I'll be absolutely gobsmacked.

The Bradley chart has provided an amazing number of turn dates for the PM sector. I noted that in the spring.



cheers,

john

BTW, I should add that I went long the HUI for a trade beginning July 24th. See why?? I have been calling for a Sept. high for several weeks and the Sept. 15th date was what I had in mind.

From mid-September to mid-October, metals should be quite weak. Thus my thinking of an October low.

Good luck all.

cheers,

john

Edited by SilentOne, 12 September 2006 - 10:15 AM.

re: Bradley dates

Oct. 11 +/-4 days or about mid-October is the major low I am looking for.
The Bradley chart has provided an amazing number of turn dates for the PM sector. I noted that in the spring.



cheers,

john

Hi John and all,
Here's what I don't get about Bradley dates:
There are 12 "turn dates" in that nice chart.
Then we add +/-4 days, per your note.

So that's the actual trading day, and 8 other days around it.
That's 9 days times 12 date. or 108 days that would "count" as a correct turn call.

With only 250 trading days a year, counting 108 of them as correct Turn calls seems a pretty low hurdle, doesn't it? Automatically being right 43% if the time makes it pretty easy to see "amazing calls" all over the place.

Even if we don't limit to trading days, and say 108/360, that's more of a shotgun than a rifle, isn't it?

Plus, the dates don't tell us Direct, or Magnitude. Which really makes it almost impossible for them to be wrong, doesn't it? The market is always turning, if you don't care about direction or magnitude . . .

I think one of those math/myth debunkers would say Bradley dates are so broad/vague they can't be disproven, so they can't be proven, either.

What am I missing?

Thanks,
Scott

Seasonality favors an up market from now til 9/24 (+-). This is according to Bernstein's data. However even though odds favor an upturn a technical trigger must get me in. Example: key reversal day and a print above the high of that day the following day would get me in.

Adding GG @ 24, picked up LIHRY. RSIs have fallen off a cliff.

Edited by beta, 12 September 2006 - 12:47 PM.