bottoming
#1
Posted 19 January 2011 - 11:01 AM
#2
Posted 19 January 2011 - 12:41 PM
Edited by alysomji, 19 January 2011 - 12:46 PM.
-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
#3
Posted 19 January 2011 - 01:07 PM
Just IMHO:
I say it's 60/40 that the correction isn't over versus it is over. If it isn't over, I'm looking for $1275-1305 as the bottom.
Otherwise the bottom is in (moving past $1396-1400 would confirm).
Whatever the case, I have my core and will add once I can be more sure the bottom is in.
The technical hairs may be too fine to split at this time, but the USD is dropping fairly hard so I would say 60/40 that the bottom is in.
#4
Posted 19 January 2011 - 01:21 PM
#5
Posted 19 January 2011 - 02:09 PM
#6
Posted 19 January 2011 - 02:44 PM
now , he posts this
http://jsmineset.com...rom-alf-fields/
dharma
if you use stubabys or alfs count , either way leads to what i think will be occurring very soon
#7
Posted 19 January 2011 - 02:52 PM
Alf Field's Gold EW charts and his views are posted on Sinclair's site.
Just read it.
Thanks for the heads up.
He's one of the best gold analysts I've seen out there.
What he's saying lines up closely to what my work tells me, which is good to hear.
-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
Posted 19 January 2011 - 03:53 PM
ok i will biteAlf Field's Gold EW charts and his views are posted on Sinclair's site.
Just read it.
Thanks for the heads up.
He's one of the best gold analysts I've seen out there.
What he's saying lines up closely to what my work tells me, which is good to hear.
his work appears to be diametrically opposed to yours. he is confirming sinclairs call for 1650 . and says the upmove should start soon. what i hear , and have heard you saying is 1275-1305.
dharma
#9
Posted 19 January 2011 - 04:25 PM
ok i will biteAlf Field's Gold EW charts and his views are posted on Sinclair's site.
Just read it.
Thanks for the heads up.
He's one of the best gold analysts I've seen out there.
What he's saying lines up closely to what my work tells me, which is good to hear.
his work appears to be diametrically opposed to yours. he is confirming sinclairs call for 1650 . and says the upmove should start soon. what i hear , and have heard you saying is 1275-1305.
dharma
No, what I've been wondering about is how deep this correction will get - and I posted above what I think. Almost every quarterly correction in gold gets down to either the 150- or 200-SMA. This one hasn't - but this correction precedes a parabolic move, and before parabolic moves gold can sometimes consolidate instead of having a normal correction, and that's what may be happening here (as reflected in my post above with the price levels I gave).
My view has been pretty consistent. Unlike many on this board, I was expecting the type of action we've had the past several weeks. Here's a post of mine from late November:
linkI'm looking for one last correction before the blowoff move begins into next year. It should begin soon...for now, I would look for a break below $1350 as a sign that it's getting underway.
Another one from early Dec:
linkPersonally, I think the miners look like they could use a breather here. Take a look at a chart of SLW and compare it to its 200-day MA, for example. If these things are going to go parabolic they need to get some rest because some of the miners already look parabolic. Also, I believe the parabolic top you speak of will not come in Feb. but rather closer to the Apr/May/Jun timeframe. I know the seasonal trend is for a top in Feb. and I know that gold is famous for tops in Feb., but I don't see it happening this time. One of the reasons is that I think it will need to move higher past Feb. to really bring the public in.
Another one from mid-December where I actually spell out my price target for the parabolic:
linkAs you know we're going to get a massive parabolic up leg in the first or second quarter of next year (I'm looking at Apr/May/Jun and I believe you're looking at Feb for that top) and things get dicey as volatility increases. I look for $1600+ minimally before the top there is made and the n00bs get taken to the woodshed.
That last post was even directly addressed to you. But, I guess some people can have a short memory. Those who don't know I always try to bring good stuff to this board - and I think I usually do.
Edited by alysomji, 19 January 2011 - 04:27 PM.
-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
#10
Posted 19 January 2011 - 04:34 PM
are you being hostile ?ok i will biteAlf Field's Gold EW charts and his views are posted on Sinclair's site.
Just read it.
Thanks for the heads up.
He's one of the best gold analysts I've seen out there.
What he's saying lines up closely to what my work tells me, which is good to hear.
his work appears to be diametrically opposed to yours. he is confirming sinclairs call for 1650 . and says the upmove should start soon. what i hear , and have heard you saying is 1275-1305.
dharma
No, what I've been wondering about is how deep this correction will get - and I posted above what I think. Almost every quarterly correction in gold gets down to either the 150- or 200-SMA. This one hasn't - but this correction precedes a parabolic move, and before parabolic moves gold can sometimes consolidate instead of having a normal correction, and that's what may be happening here (as reflected in my post above with the price levels I gave).
My view has been pretty consistent. Unlike many on this board, I was expecting the type of action we've had the past several weeks. Here's a post of mine from late November:
linkI'm looking for one last correction before the blowoff move begins into next year. It should begin soon...for now, I would look for a break below $1350 as a sign that it's getting underway.
Another one from early Dec:
linkPersonally, I think the miners look like they could use a breather here. Take a look at a chart of SLW and compare it to its 200-day MA, for example. If these things are going to go parabolic they need to get some rest because some of the miners already look parabolic. Also, I believe the parabolic top you speak of will not come in Feb. but rather closer to the Apr/May/Jun timeframe. I know the seasonal trend is for a top in Feb. and I know that gold is famous for tops in Feb., but I don't see it happening this time. One of the reasons is that I think it will need to move higher past Feb. to really bring the public in.
Another one from mid-December where I actually spell out my price target for the parabolic:
linkAs you know we're going to get a massive parabolic up leg in the first or second quarter of next year (I'm looking at Apr/May/Jun and I believe you're looking at Feb for that top) and things get dicey as volatility increases. I look for $1600+ minimally before the top there is made and the n00bs get taken to the woodshed.
That last post was even directly addressed to you. But, I guess some people can have a short memory. Those who don't know I always try to bring good stuff to this board - and I think I usually do.
dharma
Edited by dharma, 19 January 2011 - 04:35 PM.