58 replies to this topic

[tomterrific14]

gdx got its first pnf buy signal in about 4 months...I'll be watching for changes in the relative strength..whether to X or to a buy for an intermediate rally confirmation......gold needs 1620 for its buy signal..the trends are still down till they are not..long term gold is still a bull...gold started it's first positive week last week according to Dorsey's pnf..typical average for positive weeks are 8 weeks...if 1620 gets touched..then possibility to 1680 which is resistance..over 1700 takes suggests 1800...and so on..price trumps everything imo
glta
TM

A buy siganl on this RS chart

http://stockcharts.c...:GLD,PLUADANRBO[PA][D][F1!3!0.1!!2!20]&pref=G

On this RS chart, 25 is needed for the buy signal

http://stockcharts.c...:GLD,PLUADANRBO[PA][D][F1!3!0.25!!2!20]&pref=G

http://stockcharts.c...:IYY,PLUADANRBO[PA][D][F1!3!.250!!2!20]&pref=G

Maybe that's a heads up ..but mine is strictly Dorsey and I'll be getting a warning when we are close..Dorsey is more reliable..but not to say it's right all the time over stockcharts..but there's so much more that needs to be change for gdx ..and that is the pnf trend..it can happen of course seeing it went to a negative trend in early Dec..but that positive trend was there for at least a year or so...but like I said price trumps everything..I'll take Dorsey's pnf over stockcharts any day..it kept me on the right side. And with Dorsey, RS doesn't change the moment you get a pnf buy signal..it's relative to IYY and what that does..it's a calculation ratio to that.
TM

[tomterrific14]

gdx got its first pnf buy signal in about 4 months...I'll be watching for changes in the relative strength..whether to X or to a buy for an intermediate rally confirmation......gold needs 1620 for its buy signal..the trends are still down till they are not..long term gold is still a bull...gold started it's first positive week last week according to Dorsey's pnf..typical average for positive weeks are 8 weeks...if 1620 gets touched..then possibility to 1680 which is resistance..over 1700 takes suggests 1800...and so on..price trumps everything imo
glta
TM

A buy siganl on this RS chart

http://stockcharts.c...:GLD,PLUADANRBO[PA][D][F1!3!0.1!!2!20]&pref=G

On this RS chart, 25 is needed for the buy signal

http://stockcharts.c...:GLD,PLUADANRBO[PA][D][F1!3!0.25!!2!20]&pref=G

http://stockcharts.c...:IYY,PLUADANRBO[PA][D][F1!3!.250!!2!20]&pref=G

Maybe that's a heads up ..but mine is strictly Dorsey and I'll be getting a warning when we are close..Dorsey is more reliable..but not to say it's right all the time over stockcharts..but there's so much more that needs to be change for gdx ..and that is the pnf trend..it can happen of course seeing it went to a negative trend in early Dec..but that positive trend was there for at least a year or so...but like I said price trumps everything..I'll take Dorsey's pnf over stockcharts any day..it kept me on the right side. And with Dorsey, RS doesn't change the moment you get a pnf buy signal..it's relative to IYY and what that does..it's a calculation ratio to that.
TM

http://stockcharts.c...:IYY,PLUADANRBO[P][D][F1!3!.250!!2!20]&pref=G

[tomterrific14]

gdx got its first pnf buy signal in about 4 months...I'll be watching for changes in the relative strength..whether to X or to a buy for an intermediate rally confirmation......gold needs 1620 for its buy signal..the trends are still down till they are not..long term gold is still a bull...gold started it's first positive week last week according to Dorsey's pnf..typical average for positive weeks are 8 weeks...if 1620 gets touched..then possibility to 1680 which is resistance..over 1700 takes suggests 1800...and so on..price trumps everything imo
glta
TM

A buy siganl on this RS chart

http://stockcharts.c...:GLD,PLUADANRBO[PA][D][F1!3!0.1!!2!20]&pref=G

On this RS chart, 25 is needed for the buy signal


http://stockcharts.com/def/servlet/SC.pnf?...:GLD,PLUADANRBO[PA][D][F1!3!0.25!!2!20]&pref=G


http://stockcharts.c...:IYY,PLUADANRBO[P][D][F1!3!.250!!2!20]&pref=G

http://stockcharts.c...:IYY,PLUADANRBO[PA][D][F1!3!.250!!2!20]&pref=G

Maybe that's a heads up ..but mine is strictly Dorsey and I'll be getting a warning when we are close..Dorsey is more reliable..but not to say it's right all the time over stockcharts..but there's so much more that needs to be change for gdx ..and that is the pnf trend..it can happen of course seeing it went to a negative trend in early Dec..but that positive trend was there for at least a year or so...but like I said price trumps everything..I'll take Dorsey's pnf over stockcharts any day..it kept me on the right side. And with Dorsey, RS doesn't change the moment you get a pnf buy signal..it's relative to IYY and what that does..it's a calculation ratio to that.
TM

http://stockcharts.c...:IYY,PLUADANRBO[P][D][F1!3!.250!!2!20]&pref=G

[dharma]

ok . wave 4 has lasted 19months , its a long time. it has crushed the miners. taken them to the woodshed , then splintered all the little pieces. as i posted the sentiment is still , as of yesterday, lopsided. gold is @the feb highs of 1615.2 , so the bears will make a stand here. 1640 opens the gateway to higher prices, and for me above 1681 tells me the lows are in and we have begun the next impulse. until then its a crap shoot. i used the consolidation to build positions in companies w/ridiculous valuations like iag eg. as a former commodity trader, i buy lows and sell strength. but w/ksmall positions.
anyway, its a matter of what you are comfortable w/ many here are quite experienced. sure i love the strength in the sector today. for me anyone paying any attention, w/their money in the bank should be concerned. the atm lines in cyprus go all night . 1k a day is the limit for withdrawal, the people are voting .
i found this interesting http://ph.news.yahoo...-171030599.html
i am encouraged, remember i am not in this as a scalper . i am following the major trend. there is still alot that will unfold in this market
dharma

Edited by dharma, 21 March 2013 - 02:04 PM.

[tradermama]

gdx got its first pnf buy signal in about 4 months...I'll be watching for changes in the relative strength..whether to X or to a buy for an intermediate rally confirmation......gold needs 1620 for its buy signal..the trends are still down till they are not..long term gold is still a bull...gold started it's first positive week last week according to Dorsey's pnf..typical average for positive weeks are 8 weeks...if 1620 gets touched..then possibility to 1680 which is resistance..over 1700 takes suggests 1800...and so on..price trumps everything imo
glta
TM

A buy siganl on this RS chart

http://stockcharts.c...:GLD,PLUADANRBO[PA][D][F1!3!0.1!!2!20]&pref=G

On this RS chart, 25 is needed for the buy signal


<a href="http://stockcharts.com/def/servlet/SC.pnf?...:GLD,PLUADANRBO" target="_blank">http://stockcharts.com/def/servlet/SC.pnf?...:GLD,PLUADANRBO</a>[PA][D][F1!3!0.25!!2!20]&pref=G


http://stockcharts.c...:IYY,PLUADANRBO[P][D][F1!3!.250!!2!20]&pref=G

http://stockcharts.c...:IYY,PLUADANRBO[PA][D][F1!3!.250!!2!20]&pref=G

Maybe that's a heads up ..but mine is strictly Dorsey and I'll be getting a warning when we are close..Dorsey is more reliable..but not to say it's right all the time over stockcharts..but there's so much more that needs to be change for gdx ..and that is the pnf trend..it can happen of course seeing it went to a negative trend in early Dec..but that positive trend was there for at least a year or so...but like I said price trumps everything..I'll take Dorsey's pnf over stockcharts any day..it kept me on the right side. And with Dorsey, RS doesn't change the moment you get a pnf buy signal..it's relative to IYY and what that does..it's a calculation ratio to that.
TM

http://stockcharts.c...:IYY,PLUADANRBO[P][D][F1!3!.250!!2!20]&pref=G

I'm afraid it doesn't open..but RS is determined by the closing price..and it's a calculation to the ratio of gdx and iyy..every day it has to be re-calculated..sorry I don't have it on hand.. when I will get an alert saying GDX is a box away from RS X or RS buy..and most times it doesn't happen immediately or might not happen...only because of the movement of IYY...If I find my notes on it..I"ll post it on how to calculate it...an example of slv's RS to change to a buy would be :

you take the UV/Y which is Dorsey's symbol for the Continuous Commodity Index..you can't find that on stockcharts...and take a generated price on that index that you get only on Dorsey's site and divide by 100 , multiply it by the price of uv/y..and that price would be the RS buy price for Slv's RS to change to a buy.....again these Dorsey's site info..

When I get an alert..for GDX or metals..I'll post it..then we have to wait and see if it happens...I don't want to get hung up on how it's done..I want to keep it simple for now and I"ll just post something important when it happens..like today..first pnf buy for gdx in at least 4 months..could it be the beginning of a big run?..we will know soon enough..but gold has to get it's butt in gear for that to happen and then to break it's resistances imo
TM

[dharma]

march 09 marked the low for the broads. the reliable 4yr cycle can stretch to 49 months, only once has it stretched beyond that and never happened. we are in a stagflation period here. and the fed stands ready to stand behind the economy. if you catch my drift cyprus the island close to turkey, is in the euro and it is in debt. its a complicated situation. w/the russian oligarchs having a big stake in the island. seemed easy for the imf to try and make their stake disappear. thugs appeared and talked w/the parliament and they then balked @the plan. and next thing you know lagardes office is being investigated by the french police. yes , the case is on record for years, interesting that now it has taken front and center gold is in jail again bounded by the feb highs of 1615.2 , for my work the price cycle ends @1620 . above that and gold may break out of jail. tuesday is the ecbs schedule to open the banks in cyprus. meanwhile the residents line up @the atms and withdraw their funds. going to be an interesting resolution. so many pieces of the puzzle are screaming this was the bottom. after 19 months of correction. i want to see gold over 1700 then i will join the chorus. until then, i am from missouri =show me. dharma

[dharma]

gold is stuck in jail. it failed , so far to take out resistance. we wait. dharma

[senorBS]

gold is stuck in jail. it failed , so far to take out resistance. we wait.
dharma

watch the miner's today, if they come back and go positive beuno chance for norte ignition IMO

BSing away

Senor

[senorBS]

gold is stuck in jail. it failed , so far to take out resistance. we wait.
dharma

methinks last fakeout this mornin and norte we go for real, we see

Senor

[dharma]

tomorrow heliocentric mercury enters into sagg=volatility for the pms. big depositors in cyprus really getting the shaft. they are trying to portray depositors as investors in the bank. dharma