19 replies to this topic

[dougie]

http://stockcharts.com/c-sc/sc?s=$XAU...07327&r=164

still no negative divergences...
could go higher, but this may be all she wrote

[stubaby]

http://stockcharts.com/c-sc/sc?s=$XAU...07327&r=164

still no negative divergences...
could go higher, but this may be all she wrote

Dougie:

Looks like the "squeeze" is on between the rising 65 wk MA and the declining 15 wk MA. I expect this move to extend into the channel and up underneath the 15 wk MA, before a correction begins.



stubaby

[dougie]

you see this move up now as a new impulse or corrective?

[stubaby]

you see this move up now as a new impulse or corrective?

Dougie:

I'm thinking impulsive - too early to tell - would want to see 169-170 taggged and then a corrective-looking pullback. Right now I'm raising some stop levels, since I'm expecting an impulse down in the broads to begin sometime this week and accelerate next week. Expecting a lot of positive divergences in PM's relative to broads to "prove their mettle" - this would be the 'tell' for me that we are moving to new highs in PM's into March-April timeframe.

stubaby

[dharma]

w/you stubaby gold @new highs in euros dont know how this all shakes out, right here, but i do know the 2year cycle calls for new highs soon the 1040s in gold is the level that india bought 200tonnes. so it should be well supported. dougie-bull markets dont end w/a whimper. they end w/sound and fury and no one left to buy. dharma

[dougie]

dharma: i am not even remotely thinking end of bull market i should have said all she wrote IT my thinking was a march high then down to july before a real launch but i am not married to it

[goldswinger]

http://stockcharts.com/c-sc/sc?s=$XAU...07327&r=164

still no negative divergences...
could go higher, but this may be all she wrote

Agreed!, One more leg down (to create divergences) then up, SPX, etc, will do the same.....

GS.

[senorBS]

I can see both a mining stock and stock market top here and another move south, but will not trade it because Senor is unsure. PURE BS Senor

[dougie]

senor: are you not out?

[dharma]

gold is in a bull market
gold in euros keeps making new forever highs. this will not be lost on european investors, whose countries have experienced financial turmoil in their long histories
1040ish low, the level inida bought 200tonnes of imf gold- support and last low
gold took out its declining resistance yesterday.
i am not trading in here, but i do think there is a pullback to test the declining resistance.
i have been looking for a top in the 2year cycle -1st 4 months of the year.maybe may. looking for new highs.
the greek situation seems settled for now, but it will be revisited. my stuff shows lots of activity in march for gold,yesterday was the shot across the bow. be alerted.
the bears are lost in the woods.
the dollar also has plenty of problems. just look @the states lining up @the deficit window.
this is a long dance which will end in a parabolic blowoff. man, i am a broken record
here is sinclair on king world news this week, well worth the listen
http://www.kingworld.....3A15:2010.mp3
dharma

Edited by dharma, 17 February 2010 - 12:14 PM.