262 replies to this topic

[senorBS]

Here's all you really need to know about these tests.

When they fail to test the low on stronger volume, that's a sign of strength.

When they fail to test on lighter volume and then rocket back up - that is usually a distribution signal. (which is what happened today)

When they test the low on lighter volume and then spring up, that is a sign of strength.

Basically, the monsters that control these markets with large positions are paranoid.

If they are really in the business of going long, they want to see those lows tested

and prove the point - NO MORE SELLERS.

Here's what U need to know about the wave patterns-technicals-sentiment - they are all IMO strongly suggesting KEY BOTTOMING ACTION. I think the miners have been proving the point all month that the selling has fizzled and has dried up, the market will provide our answers soon.

and the market's answer will tell us whether your forum name should be "OutOfBiz" or mine should be "FullOfBS"

Senor

Edited by senorBS, 31 December 2013 - 11:32 AM.

[SemiBizz]

The sentiment is best reflected by VOLUME. It's called putting your money where your mouth is.

[andiron]

potential exists for a good daily bottom here for gold if not a monthly bottom to $3000+

[senorBS]

The sentiment is best reflected by VOLUME.

It's called putting your money where your mouth is.

I am long miners, are U short?

Senor

[SemiBizz]

I am waiting for a little more bounce in XAU here before rebuying some DUST. I needed 84.77 on the XAU this morning didn't get it. To set up proper r/r Sometimes they test, sometimes they don't My trading discipline says to WAIT for those tests. If it doesn't happen we move on to the next trade.

Edited by SemiBizz, 31 December 2013 - 12:01 PM.

[SemiBizz]

Actually, Natural Gas looks like a good setup coming there long. That's what I am looking at... 4.285 here S1 = 4.265 Again, waiting for the test.

[Russ]

That wasn't any kind of test.

They are leaving it open...

After all they wouldn't want to discourage the goldbugs from paying them higher prices.

A nice fat doji at the end of the year is looking like a good test of last june's lows, the bearish sentiment is now too great to expect much more selling, they already sold.

[Russ]

Here's all you really need to know about these tests.

When they fail to test the low on stronger volume, that's a sign of strength.

When they fail to test on lighter volume and then rocket back up - that is usually a distribution signal. (which is what happened today)

When they test the low on lighter volume and then spring up, that is a sign of strength.

Basically, the monsters that control these markets with large positions are paranoid.

If they are really in the business of going long, they want to see those lows tested

and prove the point - NO MORE SELLERS.

Here's what U need to know about the wave patterns-technicals-sentiment - they are all IMO strongly suggesting KEY BOTTOMING ACTION. I think the miners have been proving the point all month that the selling has fizzled and has dried up, the market will provide our answers soon.

and the market's answer will tell us whether your forum name should be "OutOfBiz" or mine should be "FullOfBS"

Senor

ROFL

[senorBS]

Here's all you really need to know about these tests.

When they fail to test the low on stronger volume, that's a sign of strength.

When they fail to test on lighter volume and then rocket back up - that is usually a distribution signal. (which is what happened today)

When they test the low on lighter volume and then spring up, that is a sign of strength.

Basically, the monsters that control these markets with large positions are paranoid.

If they are really in the business of going long, they want to see those lows tested

and prove the point - NO MORE SELLERS.

Here's what U need to know about the wave patterns-technicals-sentiment - they are all IMO strongly suggesting KEY BOTTOMING ACTION. I think the miners have been proving the point all month that the selling has fizzled and has dried up, the market will provide our answers soon.

and the market's answer will tell us whether your forum name should be "OutOfBiz" or mine should be "FullOfBS"

Senor

ROFL

Happy NEW YEAR amigos, always bueno to end one with a bueno chuckle.

BSing away

Senor

[Russ]

quote name='SemiBizz' date='Dec 31 2013, 08:26 AM' post='680494'


When they fail to test on lighter volume and then rocket back up - that is usually a distribution signal. (which is what happened today)

How is Gold coming down to within a couple of points on lighter volume from last June's low "failing to test"?

To me it looks like a classic bottom doji on a W bottom has formed, which is what Eric Hadik has been expecting and what my oscillator on silver was projecting since last fall.