loads of people on the same side of that trade.Skott, that chart appears to me as a slanted down bear flag, where the B wave ends lower than the beginning of the A wave. It portends a deep and significant move down after the C wave up completes which it just did Today in my opinion, but if I am wrong it will end with a spike up Tomorrow AM.......b4 the drop.
Goldswinger.
Disclosure: I went short the gold pm sector on Friday last week.
SenorBS are you mostly on the sideline
Started by
Gold3600
, Mar 13 2009 09:59 AM
15 replies to this topic
#11
nimblebear
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Welcome to the Dark Side !
Posted 16 March 2009 - 05:09 PM
OTIS.
#12
goldswinger
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Posted 16 March 2009 - 05:18 PM
What do you say that Nimble bear, I thought it was the opposite with the GDX and MACD and Stochs moving up, etc. ......
Goldswinger.
#13
skott
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Posted 16 March 2009 - 10:37 PM
that's how I am seeing it too
#14
goldswinger
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Posted 16 March 2009 - 10:55 PM
You mean going down or going up?
GS.
#15
skott
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Posted 17 March 2009 - 08:44 AM
I mean I see it the same way as you goldswinger. I see the GDX resolving lower. I shorted last week......last entry was 33.26
#16
goldswinger
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Posted 17 March 2009 - 01:21 PM
skott, so far so good.... we are now correcting the first wave down, the biggy is coming.....
