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5th wave down on gold sector unfolding!


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#1 goldswinger

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Posted 16 April 2009 - 08:53 AM

As I mentioned in my previous post reply, this is now unfolding, so time to start to backup the truck very soon..... Goldswinger.

#2 senorBS

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Posted 16 April 2009 - 09:24 AM

As I mentioned in my previous post reply, this is now unfolding, so time to start to backup the truck very soon.....

Goldswinger.



Already did a little selective buying and orders are in place at lower prices.

PURE BS

Senor

#3 goldswinger

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Posted 16 April 2009 - 09:29 AM

Muy bueno Senor load up that truck, I wish I had your nose, I only live by my charts an indicators. Goldswinger.

#4 dharma

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Posted 16 April 2009 - 10:06 AM

it seems to me that we are 3of 5, i have my sights on some select issues and most probably will wait to see what tomorrow brings. dharma

#5 goldswinger

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Posted 16 April 2009 - 10:13 AM

Dharma, if you mean three of 5 down, then we have a ways to go and if wave 1 took GDX from 39 to 32, if this is three of 5 down, we might reach GDX 21+ as Blustar had forecasted for later in the month..... Ths would also imply that GOLD will do a 3 down taking it to the 800 mark or even 750..... If so we might need to put the truck back in the garage for a few more days perhaps weeks...... Goldswinger. .

#6 dharma

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Posted 16 April 2009 - 10:29 AM

Dharma, if you mean three of 5 down, then we have a ways to go and if wave 1 took GDX from 39 to 32, if this is three of 5 down, we might reach GDX 21+ as Blustar had forecasted for later in the month.....

Ths would also imply that GOLD will do a 3 down taking it to the 800 mark or even 750.....

If so we might need to put the truck back in the garage for a few more days perhaps weeks......

Goldswinger.

.

for me time comes 1st and monday @the latest is the end of this decline.
we are in 5 as you suggest and we are finishing 3 of 5 here. wave 4 was a triangle. so 5 should be swift. we have taken out the lows in xau but not yet in hui.
below 865 gold or if it too diverges. we are very close. and i am starting to think about placing orders. dharma

#7 inamosa

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Posted 16 April 2009 - 10:44 AM

It would take significant thrust downward for us to get a weekly close below $850, IMHO...

http://stockcharts.com/c-sc/sc?s=$GOLD&p=W&yr=7&mn=0&dy=0&i=p83668852829&a=165241533&r=856.png
"Our job is not to predict where the market will go, but to interpret daily price and volume action to ascertain the facts of the current environment and make decisions based on that interpretation."
-Scott O'Neil (son of William O'Neil), Portfolio Manager at O’Neil Data Systems, when asked where the Dow would go in the coming months

#8 goldswinger

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Posted 16 April 2009 - 10:48 AM

Thanks for the succint reply Dharma and I am happy we are in agreement. Back to the truck......and wheelbarrel... Best to you. Goldswinger.

Edited by goldswinger, 16 April 2009 - 10:50 AM.


#9 dharma

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Posted 16 April 2009 - 12:12 PM

starting to get fills dharma

#10 senorBS

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Posted 16 April 2009 - 01:04 PM

starting to get fills
dharma



si, this thrust lower from a contracting tri could be close to finito, we see.

BSing away

Senor