222 replies to this topic

[dougie]

support near here for sure. will it hold? no one thinks 2008 repeat in the works?

[senorBS]

If you were waiting for a buying opportunity in the Miners - this is about as good as it gets!

Wave 2 appears to end at 505.70 on HUI with this am's spike down - If Wave 3 = Wave 1 should head towards 580 here. If Wave 3 = 1.618 X Wave 1 target is 625.

stubaby

sure is a deep 2 if it's even bullish and the one wave looks more like a corrective rally IMO, I think it's more likely HUI needs to go below 480 in a large C wave, and it could go quite a ways below there. I see your count but I respect the bearish one too much to be long. My dos centavos

Senor

[dougie]

door is open for HUI 450 imo

http://stockcharts.com/h-sc/ui?s=$HUI...amp;a=189402400

Edited by dougie, 20 October 2011 - 11:35 AM.

[senorBS]

door is open for HUI 450 imo

http://stockcharts.com/h-sc/ui?s=$HUI...amp;a=189402400

si, that door is open, I'd rather buy strength from here then trying to catch the proverbial falling knife

NO BS

Senor

[dharma]

door is open for HUI 450 imo

http://stockcharts.com/h-sc/ui?s=$HUI...amp;a=189402400

si, that door is open, I'd rather buy strength from here then trying to catch the proverbial falling knife

NO BS

Senor

the market feels heavy . there is no bounce. we may seek lower #s before the bottom is in . then we can be sure if the lower #s occur , that it wont be just a bounce. we got really frothy @the top, it may take time to work off
dharma

[dougie]

yes we could be looking at Jan -feb

[stubaby]

On WEEKLY Wm %R "into" BUY Zone (it failed to reach at September low)
http://stockcharts.com/c-sc/sc?s=$HUI&p=W&yr=4&mn=0&dy=0&i=p06969611592&a=204649424&r=843.png

[dharma]

yes we could be looking at Jan -feb

it could be longer than that too. sure there could and will be rallies. take a look @silver, the highs were in april , and in spite of all the pumping, no new highs yet. gold made its highs in august @the 22 month cycle high, take a look @past 22 month cycle highs. the corrections were deep. normal for this market. dont get me wrong , we could make new highs in december, but that picture is getting more and more dim
hourly divergences gone so momo is not being lost on the downside yet
it has turned me very cautious
dharma

[dharma]

gold and gdxj have maintained their hourly divergences xau, gdx, hui have been taken out. its a toss up here we could have bottomed or it could require more work. not a clear cut bottom dharma

[senorBS]

yes we could be looking at Jan -feb

it could be longer than that too. sure there could and will be rallies. take a look @silver, the highs were in april , and in spite of all the pumping, no new highs yet. gold made its highs in august @the 22 month cycle high, take a look @past 22 month cycle highs. the corrections were deep. normal for this market. dont get me wrong , we could make new highs in december, but that picture is getting more and more dim
hourly divergences gone so momo is not being lost on the downside yet
it has turned me very cautious
dharma

very bueno strategy being cautious metals Senor agrees Dharma, the miners acted muy malo with gold up $20 and stock market up grande, something smells rotten here.

NO BS

Senor