22 replies to this topic

[goldswinger]

This chart shows a potential minimum target of 290 for $HUI on this run down......

http://stockcharts.com/h-sc/ui?s=$HUI...amp;a=166005748

We'll see.

GS.

[senorBS]

That fits reasonably with Senor's FF, not myopic about that FF but it's what seems muy possible. Senor will remain muy adaptable but is holding his DZZ position. BSing away Senor

[dharma]

to me, the dollar strength came in front of the fed meeting. it is not uncommon for the dollar shorts to cover in front of the meeting. i dont see much coming out of this meeting. just the obligatory inflation fighting statements. watch what they do, not what they say. as i write this xau/hui are oversold and diverging on the hourly charts. your #s will be seen , but not til oct/nov just my 2c dharma

[goldswinger]

Dharma, what do you think of this on a weekly timeframe?

http://stockcharts.c...id=p30307678072

GS.

Edited by goldswinger, 11 August 2009 - 10:42 AM.

[dharma]

Dharma, what do you think of this on a weekly timeframe?

http://stockcharts.c...id=p30307678072

GS.

i see the weekly stochs divergences. and from time to time the dollar will have a rally. when currencies go into a trend the trend lasts for a very long time. the dollar has been in a downtrend for 8 years and the trend has not culminated yet. the buck has further to go on the down side. yes, there will be rallies, just like the last one that lasted 6 months, but the rallies will result in lower lows. i am not trying to time this trend. i just want to be like a tick. buried in the trend. and the same for gold. i saw in the 72-80 bull . all the gold bulls, no matter what they say now, missed the last leg from 425-850 . that will not be my fate!
dharma

[goldfungus]

Dharma, what do you think of this on a weekly timeframe?

http://stockcharts.c...id=p30307678072

GS.

i see the weekly stochs divergences. and from time to time the dollar will have a rally. when currencies go into a trend the trend lasts for a very long time. the dollar has been in a downtrend for 8 years and the trend has not culminated yet. the buck has further to go on the down side. yes, there will be rallies, just like the last one that lasted 6 months, but the rallies will result in lower lows. i am not trying to time this trend. i just want to be like a tick. buried in the trend. and the same for gold. i saw in the 72-80 bull . all the gold bulls, no matter what they say now, missed the last leg from 425-850 . that will not be my fate!
dharma

Hey, how about 930 for gold on this go round. Nice inverse H&S on gold. This scenario was posted by 'Joane' - a great technician at Crystal Ball forum. I'm buying @ 930.

[dharma]

one more low into the 139-141 range on xau. dharma

[dharma]

one more low into the 139-141 range on xau. dharma

wave 4 of e finishing off here. one more low to finish off this correction. then a move up into mid sept. as the fed stated yesterday they are providing alot of liquidity.
dharma

[dougie]

i have the 18th as a tun of significance: a low dharma?

[dharma]

i have the 18th as a tun of significance: a low dharma?

i dont have an exact date, but the low will come by the 20th @the latest
dharma