222 replies to this topic

[dharma]

on the hourly charts, it looks like the upmove was a triangle.
i am waiting for signs to see what happens next.
everyday it seems the crises get more revealing. i am positioned. so , i wait
dharma
armstrong
http://www.inflateor...010-14-2011.pdf

[dougie]

Are you still avoring this count Stu: right at your support is HUI

dharma: curious; how high do you see this going on this leg re HUI
Meanwhile, ST the gap on HUI and GDX was recaptured today
a start
and FCX powering up

new forever highs by december
dharma

dharma:

HUI 5 minute Count:
http://stockcharts.com/c-sc/sc?s=$HUI&p=5&yr=0&mn=0&dy=4&i=p20950904449&a=245659732&r=2595.png

Long-Term Cup-n-Handle:
http://stockcharts.com/c-sc/sc?s=$BPGDM&p=D&yr=3&mn=8&dy=0&i=p93655708218&a=245660683&r=15.png

stubaby

[stubaby]

Are you still avoring this count Stu: right at your support is HUI

http://stockcharts.com/c-sc/sc?s=$HUI&p=5&yr=0&mn=0&dy=14&i=p69645552181&a=245659732&r=705.png


Dougie:

Best if you go to my StockCharts Public List where I update counts, etc regularly: Galloping Gertie

stubaby

[dougie]

as long as we are waiting for the play to being, your 5 minutes wave sshow a clean 5 count down

[dharma]

stubaby, it looks to me as if wave 1up was a diagonal triangle. @todays lows we were move oversold, on the hourly charts, then we were @the lows. we hit the 50% retracement @the morning lows. waiting for hourly divergences. before doing anything. in spite of all the bearishness in the market, the cots are bullish. those looking @ their buy zones may not be accommodated.

http://www.clivemaun...e.php?art_id=68
dharma

[dharma]

w/ 5min charts dominating the thinking here thought i would throw in jesse “And right here let me say one thing: After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight! It is no trick at all to be right on the market. You always find lots of early bulls in bull markets and early bears in bear markets. I’ve known many men who were right at exactly the right time, and began buying and selling stocks when prices were at the very level which should show the greatest profit. And their experience invariably matched mine – that is, they made no real money out of it. Men who can both be right and sit tight are uncommon. I found it one of the hardest things to learn. But it is only after a stock operator has firmly grasped this that he can make big money.” dharma chuck heres one for ya! keep that one posted

Edited by dharma, 18 October 2011 - 10:56 AM.

[dougie]

wow: who says fibos dont work? looks like that A down of 2 needs a B up (now) and then a brother C down and AWAY we go

Are you still avoring this count Stu: right at your support is HUI

http://stockcharts.com/c-sc/sc?s=$HUI&p=5&yr=0&mn=0&dy=14&i=p69645552181&a=245659732&r=705.png


Dougie:

Best if you go to my StockCharts Public List where I update counts, etc regularly: Galloping Gertie

stubaby

Edited by dougie, 18 October 2011 - 11:34 AM.

[dharma]

wow: who says fibos dont work? looks like that A down of 2 needs a B up (now) and then a brother C down and AWAY we go

Are you still avoring this count Stu: right at your support is HUI

http://stockcharts.com/c-sc/sc?s=$HUI&p=5&yr=0&mn=0&dy=14&i=p69645552181&a=245659732&r=705.png


Dougie:

Best if you go to my StockCharts Public List where I update counts, etc regularly: Galloping Gertie

stubaby

dougie be sure to let us know when you pull the trigger and buy! thanks dharma

[dougie]

40% long al the time dharma will add on more conviction dont think down is done yet It though st maybe

[dharma]

i studied edwards and magee. h&s patterns are significant and generally take months to construct. they signal a fight between the bulls and bears .
on the hourly gdx there is a minor looking inverse h&s being constructed. in the true technical sense its not a h&s pattern. but, could indicate a bottoming process.
i use seasonal charts as a guide. http://www.seasonalc...ssics_gold.html. we are in a difficult stretch here on the seasonal charts. my feeling is this cycle gets compressed w/ a run from november to a december top. based on the short cycle. surprises in bull markets are to the upside. the crises continues to unfold and accelerate. in many countries it started as a ground swell that led to the overthrow of the government . egypt comes to mind. here in the usa , we have the wall street protesters, which has spread nationally. these kinds of movements can grow and cause changes. its something i have my eye on. folks are out of work and in many cases have lost their house. and in addition something like23% of mortgages are underwater. the situation is ripe for a change.
this morning aem is getting clobbered. this is a major and is approaching its 89mo ma. it will be a good buy shortly. do your own dd
the market appears to be in wait mode. so am i
dharma