18 replies to this topic

[dougie]

dharma: for the first time in my life i am learning to add on weakness, not capitualte
but i know too that the boys can mess with your emotions something fierce

Ok, to the particular
take VTR.v
volta
http://stockcharts.c...amp;a=215054146

nearing 38 retrace of the entire move out of the lows

Edited by dougie, 09 March 2011 - 02:56 PM.

[dharma]

dharma: for the first time in my life i am learning to add on weakness, not capitualte
but i know too that the boys can mess with your emotions something fierce

Ok, to the particular
take VTR.v
volta
http://stockcharts.c...amp;a=215054146

nearing 38 retrace of the entire move out of the lows

so, you want to grab onto one small stock, that frankly i have never heard of , and say yes this is the elephant!
take a look @gdx/hui/xau. myopic views w/o comparisons into consideration, will snake one out of their position.
1426 is support and it is continually being tested and holding . 1409 has not even come into play. considering that the top was 1445 by golds past corrections , this is showing unusual strength, imho. wait until the next phase. volatility is still relatively mild. not one limit up day yet. there will be many
dharma

[dougie]

to be sure one samll company that you dont know
here is one i know you know
http://stockcharts.c...amp;a=227537492
i am talking about how miners are lagging gold is lagging silver

[dougie]

to be sure one small company that you dont know
here is one i know you know
http://stockcharts.c...amp;a=227537492
i am talking about how miners are lagging gold is lagging silver

[Ken]

Here's a chart below comparing $Gold to 5 mining companies and only Yamana (AUY) appears to be keeping pace with the price of gold. Novagold (NG) is just doing OK and Eldorado (EGO), Agnico-Eagle (AEM) and especially Newmont (NEM) are getting clobbered relative to the price of gold. None of those 3 miners have kept pace with the price of gold for the last 3 weeks!!! What does it mean? I have no idea.

http://stockcharts.com/c-sc/sc?s=$GOLD&p=D&b=5&g=0&i=p60164633148&a=222592767&r=6105.jpg

[SilentOne]

NEM monthly MACD sell. And very oversold with gold trading near $1450 this week? LOL.

That's a Monthly signal. Not a weekly, not daily ... monthly.

Edited by SilentOne, 09 March 2011 - 10:29 PM.

[SilentOne]

dougie,

I can find you dozens of junior stocks that look like this. See how the daily MACD is cutting to new lows (look at a 3 year timeframe)? That's not good at all. The uptrend is over for now. It is going to take time to repair all those charts.

http://stockcharts.c...amp;a=227537492

cheers,

john

Edited by SilentOne, 09 March 2011 - 10:41 PM.

[dougie]

John: thnks food for thought! Does not rule out a sizeable bounce here though does it?

[dougie]

NEM looks like it might be correcting the whole move out of the 09 lows John
if so, it has a bit to go, but if it takes off from here, that wont be bearish
ever hear of climbing the wall of worry?
http://stockcharts.c...amp;a=227602597