18 replies to this topic

[dharma]

so far, this is all fitting w/my work. i am looking for alow by thursday, @the latest. 10%down @most in the broads. then another final rally in gold and the broads. to be met w/a horrific event in the fall. for the metals it will be a back up the truck event. and for the broads it will be get out of dodge, as the wiz has no clothes. this is where the market makes chop suey out of those who are not careful. dharma

[senorBS]

so far, this is all fitting w/my work. i am looking for alow by thursday, @the latest. 10%down @most in the broads. then another final rally in gold and the broads. to be met w/a horrific event in the fall. for the metals it will be a back up the truck event. and for the broads it will be get out of dodge, as the wiz has no clothes. this is where the market makes chop suey out of those who are not careful. dharma

Just my opinion but looking for that "final" rally IMO could be a grande mistake. I see nothing that tells me that has a decent chance of happening. If you are thinking gold is finishing a triangle be ready to be disappointed.

BSing away

Senor

[dharma]

so far, this is all fitting w/my work. i am looking for alow by thursday, @the latest. 10%down @most in the broads. then another final rally in gold and the broads. to be met w/a horrific event in the fall. for the metals it will be a back up the truck event. and for the broads it will be get out of dodge, as the wiz has no clothes. this is where the market makes chop suey out of those who are not careful. dharma

Just my opinion but looking for that "final" rally IMO could be a grande mistake. I see nothing that tells me that has a decent chance of happening. If you are thinking gold is finishing a triangle be ready to be disappointed.

BSing away

Senor

so, senor, are you saying the broads and the gold market have made their tops. final highs? dharma

[senorBS]

so far, this is all fitting w/my work. i am looking for alow by thursday, @the latest. 10%down @most in the broads. then another final rally in gold and the broads. to be met w/a horrific event in the fall. for the metals it will be a back up the truck event. and for the broads it will be get out of dodge, as the wiz has no clothes. this is where the market makes chop suey out of those who are not careful. dharma

Just my opinion but looking for that "final" rally IMO could be a grande mistake. I see nothing that tells me that has a decent chance of happening. If you are thinking gold is finishing a triangle be ready to be disappointed.

BSing away

Senor

so, senor, are you saying the broads and the gold market have made their tops. final highs? dharma

Broads maybe 50/50 IMO. Gold final top? that amigo was made in March of 2008. Senor thinks we are still correcting in gold, with 850 or 650 the two possible bottom points. Don't have any idea which it will be.

BSing away

Senor

[dharma]

so far, this is all fitting w/my work. i am looking for alow by thursday, @the latest. 10%down @most in the broads. then another final rally in gold and the broads. to be met w/a horrific event in the fall. for the metals it will be a back up the truck event. and for the broads it will be get out of dodge, as the wiz has no clothes. this is where the market makes chop suey out of those who are not careful. dharma

Just my opinion but looking for that "final" rally IMO could be a grande mistake. I see nothing that tells me that has a decent chance of happening. If you are thinking gold is finishing a triangle be ready to be disappointed.

BSing away

Senor

so, senor, are you saying the broads and the gold market have made their tops. final highs? dharma

Broads maybe 50/50 IMO. Gold final top? that amigo was made in March of 2008. Senor thinks we are still correcting in gold, with 850 or 650 the two possible bottom points. Don't have any idea which it will be.

BSing away

Senor

yes, i am looking for a good correction this fall. i dont think we see it below the lows made last fall. but, anything above that is in the realm of possibilities in my book
dharma

[senorBS]

so far, this is all fitting w/my work. i am looking for alow by thursday, @the latest. 10%down @most in the broads. then another final rally in gold and the broads. to be met w/a horrific event in the fall. for the metals it will be a back up the truck event. and for the broads it will be get out of dodge, as the wiz has no clothes. this is where the market makes chop suey out of those who are not careful. dharma

Just my opinion but looking for that "final" rally IMO could be a grande mistake. I see nothing that tells me that has a decent chance of happening. If you are thinking gold is finishing a triangle be ready to be disappointed.

BSing away

Senor

so, senor, are you saying the broads and the gold market have made their tops. final highs? dharma

Broads maybe 50/50 IMO. Gold final top? that amigo was made in March of 2008. Senor thinks we are still correcting in gold, with 850 or 650 the two possible bottom points. Don't have any idea which it will be.

BSing away

Senor

yes, i am looking for a good correction this fall. i dont think we see it below the lows made last fall. but, anything above that is in the realm of possibilities in my book
dharma

I think it is an el mistako thinking gold will make a new high before it goes lower into the fall.

PURE BS

Senor

[dharma]

i am not looking for new highs now, but a move back to 1k is not out of the question. then after mid sept. i see alot of downside pressure this is a bull market , whose nature is to correct new highs for an extended period of time. dharma

[senorBS]

i am not looking for new highs now, but a move back to 1k is not out of the question. then after mid sept. i see alot of downside pressure
this is a bull market , whose nature is to correct new highs for an extended period of time. dharma

It is not going to 1k IMO, the rebound high is finito. Senor says gold headed south of 870 border.

BSing away

Senor

[johngeorge]

to be usre we are at an interesting juncture as the door is WIDE open for this correction to be REAL. New lows?

we will know soon, Senor thinks south of the border but has tightened stops to bueno profitable levels. Bearish but not cocky.

BSing away

Senor

987 stop senor?

souelle6

The fib retrace numbers for GLD from the Oct 08 low to the Feb 09 high are ~

78.6% 91.92

61.8% 86.39

50% 82.50

I believe we will, at a minimum, retrace GLD to ~ $91.92. Will know soon enough.

Best to you.

Edited by johngeorge, 19 August 2009 - 05:11 AM.