37 replies to this topic

[dasein]

What is Gartman's track record for calls like this? tia

[dougie]

Stu: that Feb low matches with some nice cycle dates in there up into the end of the year here would get folks bulled up quickly only to have hopes dashed and capitulate

[tradermama]

What is Gartman's track record for calls like this?

tia

He claims he's not a good timer..and I'll vouch for that...
TM

[tradermama]

fwiw..I got what it called 18 O's for Dorsey's Point and Figure..which means to watch out for a reversal soon...it can last longer than those last sale alerts I've mentioned here..which those seem to work within 2 days (a reversal that is)..this doesn't mean all is healthy with gold..but it just means a reversal is coming up soon because it is extended..If I get a last sale alert I'll post that too..I'm on vacation and not into the market now but will occasionally read tradertalk and my ta stuff.. So many people calling for the 200 day moving average to be tested...sooo many people bearish..getting too one sided imo...we'll see Good luck and good trading...Happy Holidays TM

[tradermama]

fwiw..I got what it called 18 O's for Dorsey's Point and Figure..which means to watch out for a reversal soon...it can last longer than those last sale alerts I've mentioned here..which those seem to work within 2 days (a reversal that is)..this doesn't mean all is healthy with gold..but it just means a reversal is coming up soon because it is extended..If I get a last sale alert I'll post that too..I'm on vacation and not into the market now but will occasionally read tradertalk and my ta stuff..

So many people calling for the 200 day moving average to be tested...sooo many people bearish..getting too one sided imo...we'll see

Good luck and good trading...Happy Holidays
TM

Sorry...was on the road and didn't realize we are under the 200 day..LOL!..nevertheless, there's a lot increased of bearish sentiment on gold...and I'm hearing all sorts of targets where it might bottomed..well below 1400. I believe Armstrong said if gold closes at the end of this month at 1404...it's bearish..(I dont have notes with me just trying to recall)....and he also mentioned that gold has an important turn in June..so very possible we will consolidate till then...Merriman has said in the past also that whether the bottom is in or not..it will come in by February..also, this might cause more hedge funds who were on the wrong side of the trade to sell too..a deflation scenario could be pricing in here

http://www.bloomberg...-month-low.html

I think there's a turn day Dec 28/29th for Merriman..plus/minus..3 days...and again, this is from recall but there are some short term lows coming in soon too for a minor turn date..(Ken feel free to correct me if I got that mixed up..
TM

Edited by tradermama, 15 December 2011 - 08:31 AM.

[dougie]

a bounce into dec 28th then down in to mid feb is my call

fwiw..I got what it called 18 O's for Dorsey's Point and Figure..which means to watch out for a reversal soon...it can last longer than those last sale alerts I've mentioned here..which those seem to work within 2 days (a reversal that is)..this doesn't mean all is healthy with gold..but it just means a reversal is coming up soon because it is extended..If I get a last sale alert I'll post that too..I'm on vacation and not into the market now but will occasionally read tradertalk and my ta stuff..

So many people calling for the 200 day moving average to be tested...sooo many people bearish..getting too one sided imo...we'll see

Good luck and good trading...Happy Holidays
TM

Sorry...was on the road and didn't realize we are under the 200 day..LOL!..nevertheless, there's a lot increased of bearish sentiment on gold...and I'm hearing all sorts of targets where it might bottomed..well below 1400. I believe Armstrong said if gold closes at the end of this month at 1404...it's bearish..(I dont have notes with me just trying to recall)....and he also mentioned that gold has an important turn in June..so very possible we will consolidate till then...Merriman has said in the past also that whether the bottom is in or not..it will come in by February..also, this might cause more hedge funds who were on the wrong side of the trade to sell too..a deflation scenario could be pricing in here

http://www.bloomberg...-month-low.html

I think there's a turn day Dec 28/29th for Merriman..plus/minus..3 days...and again, this is from recall but there are some short term lows coming in soon too for a minor turn date..(Ken feel free to correct me if I got that mixed up..
TM

[beta]

a bounce into dec 28th then down in to mid feb is my call

fwiw..I got what it called 18 O's for Dorsey's Point and Figure..which means to watch out for a reversal soon...it can last longer than those last sale alerts I've mentioned here..which those seem to work within 2 days (a reversal that is)..this doesn't mean all is healthy with gold..but it just means a reversal is coming up soon because it is extended..If I get a last sale alert I'll post that too..I'm on vacation and not into the market now but will occasionally read tradertalk and my ta stuff..

So many people calling for the 200 day moving average to be tested...sooo many people bearish..getting too one sided imo...we'll see

Good luck and good trading...Happy Holidays
TM

Sorry...was on the road and didn't realize we are under the 200 day..LOL!..nevertheless, there's a lot increased of bearish sentiment on gold...and I'm hearing all sorts of targets where it might bottomed..well below 1400. I believe Armstrong said if gold closes at the end of this month at 1404...it's bearish..(I dont have notes with me just trying to recall)....and he also mentioned that gold has an important turn in June..so very possible we will consolidate till then...Merriman has said in the past also that whether the bottom is in or not..it will come in by February..also, this might cause more hedge funds who were on the wrong side of the trade to sell too..a deflation scenario could be pricing in here

http://www.bloomberg...-month-low.html

I think there's a turn day Dec 28/29th for Merriman..plus/minus..3 days...and again, this is from recall but there are some short term lows coming in soon too for a minor turn date..(Ken feel free to correct me if I got that mixed up..
TM

I will take the other side of your wager, and predict that DEC 28 will be the low.

[dharma]

i like the dates, how do you folks come up w/these dates. thanks dharma