21 replies to this topic

[dougie]

diogenes: you sound pissed off

[diogenes227]

diogenes: you sound pissed off

Actually, I suspect as soon as the general market bounces (like tomorrow) gold and the miners are both going to get CRUSHED!

But it is a given that a parabolic move like this can go and go and go and go until it can't go no more....

Here's my favorite death of a parabolic (because I bought it the day before it died ):

http://stockcharts.c...8552&r=6261.png

P.S. I have this chart stored in my metals file to remind me what's coming...

[dougie]

you really did buy it? where did you sell it? what was the story there?

[diogenes227]

you really did buy it? where did you sell it? what was the story there?

Bought MSTR on the day before that drop on a market signal. That was a 130 point gap (split adjusted). Sold it as soon as I figured out it was not a split. I was trading with a buddy at the time and he was in it too. He still says he can't say the word "Mister" without gagging.

You might notice that action and that gap was synonymous with the bursting of the dot-com bubble. All good things must end.

All good things must end... which brings us to the metals -- not exactly a CRUSH on this general market bounce, but it's a start...

Good luck and good trading.

[stubaby]

you really did buy it? where did you sell it? what was the story there?

Bought MSTR on the day before that drop on a market signal. That was a 130 point gap (split adjusted). Sold it as soon as I figured out it was not a split. I was trading with a buddy at the time and he was in it too. He still says he can't say the word "Mister" without gagging.

You might notice that action and that gap was synonymous with the bursting of the dot-com bubble. All good things must end.

All good things must end... which brings us to the metals -- not exactly a CRUSH on this general market bounce, but it's a start...

Good luck and good trading.

diogenes227:

Been there, done that!

stubaby

[diogenes227]

you think the metals will correct and the miners rise: could happen i guess

What are the odds? Million to one?

The price of gold is up 20 percent since last the major miners made highs. Is that strange or is everything the leprechaun whispers sure as $hit? Looking back at the downdraft in May, it looks more likely if the metals correct, the miners get CRUSHED!

Not quite crushed...yet...but this is okay so far. Tightening stops barring a bounce under the heading "too far to fast".

[diogenes227]

Okay, stopped out for 20 percent in ZSL. Tightening stops further on the GLL. Are we having fun yet?

[diogenes227]

Closed GLL on the close for 14 percent. Now flat the metals overnight. Good luck and good trading.

[dougie]

great trading diogenies

[diogenes227]

By the way, am short again, and setting stops for now at today's opens.

http://stockcharts.c...4150&r=1132.png

http://stockcharts.c...1729&r=9431.png