14 replies to this topic

[Woody]

Long HGD, double bottom;CCI positive divergence, Gold Stocks showing negative breadth divergence;

Will add if GLD breaks $103 on close, will cover quickly if there is no follow through to the downside or todays highs in Gold

imho GLD going to test 97


http://stockcharts.c...78&are=5640.png
http://stockcharts.c...25&are=8101.png

Edited by Woody, 20 October 2009 - 01:08 PM.

[Rogerdodger]

UUP looks just the opposite of GLD.
Both MACDs ready to cross in opposite directions.

GLD:
STREETTRACKS GOLD TR Daily Commentary

Our system posted a SELL-IF today. The previous BUY recommendation was issued on 10.19.2009 (1) day ago, when the stock price was 103.1800. Since then GLD has gained 0.23% .



A bearish pattern has developed and a SELL-IF alert is issued today. The task is now to confirm the validity of this bearish pattern.

Edited by Rogerdodger, 21 October 2009 - 12:30 AM.

[senorBS]

Long HGD, double bottom;CCI positive divergence, Gold Stocks showing negative breadth divergence;

Will add if GLD breaks $103 on close, will cover quickly if there is no follow through to the downside or todays highs in Gold

imho GLD going to test 97


http://stockcharts.c...78&are=5640.png
http://stockcharts.c...25&are=8101.png

I bought some Monday at 4.75.

BSing away

Senor

[IndexTrader]

Senor: Did you exit any of the other shorts/bear positions you were acquiring earlier in this move? IT

[Woody]

Senor:

Did you exit any of the other shorts/bear positions you were acquiring earlier in this move?

IT

IT yes....I covered a small short in ABX quickly,(cant remember if I posted) I do have respect for the uptrend and wont hesitate to cover on these countertrend plays, alot of these positions are based on bearish potential, but until price follows, potential is all it is.....ceratinly kudos to you for staying with the trends in both Equities and Gold....my time horizon is shorter and I can be both long and short on any given day, I'll post when I see a setup and will sometimes take a position, not sure that the masses care about my positions but I do like to see others.

Looking at the 30 min on GLD I will exit shorts if we take out 103.90 and reenter on drop below trendline from Oct 6 at 102.90 +/-, expecting a small double top in GLD here but if it morphs into a sym triangle then we go higher

Edited by Woody, 21 October 2009 - 08:49 AM.

[Woody]

Senor:

Did you exit any of the other shorts/bear positions you were acquiring earlier in this move?

IT

IT thought I'd post a chart to show you what Im lookin at.....not sure how bearish but selling volume starting to increase but price hanging in there, also 30 min has H&S look to it, neckline can be 102.50 or sloping TL shown target could be gap fill at 99-100


http://stockcharts.c...50&are=9806.png

Edited by Woody, 21 October 2009 - 09:25 AM.

[Woody]

Covered All Shorts .....small loss back to cash (dollar vs Euro new 14 month low)

[dharma]

above 1033, previous high, gold is strong. be carefull only 11 from the highs. not giving much ground. bradley 22-23. dharma

[senorBS]

Senor:

Did you exit any of the other shorts/bear positions you were acquiring earlier in this move?

IT

Si, when trying to top pick tight stops are a must!

NO BS

Senor

[senorBS]

Senor:

Did you exit any of the other shorts/bear positions you were acquiring earlier in this move?

IT

Si, when trying to top pick tight stops are a must!

NO BS

Senor

gold and silver stocks (XAU) acting worse and worse, as is stock market

Senor