searching for a bottom!
Started by
dharma
, Nov 21 2013 10:27 AM
262 replies to this topic
#241
JGUITARSLIM
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Posted 31 December 2013 - 02:30 PM
More from Mike...
#242
SemiBizz
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Posted 31 December 2013 - 02:39 PM
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.
Test means match the price, that didn't happen.
You can have a "null test" which means break the previous volume without a test.
That didn't happen either.
Believe whatever you want to believe.
I could care.
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#243
SemiBizz
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Posted 31 December 2013 - 02:46 PM
I could show this chart to an 8 year old and he could quickly identify where this thing is going.
Down on Volume, finishes UNDER PREVIOUS MONTHLY LOW
(unless there's another last minute "miracle" that will get puked up again like last Friday)
Get over it.
You just don't want to acknowledge what is all over this chart.
So FINE.
http://bigcharts.mar...&mocktick=1.gif
Down on Volume, finishes UNDER PREVIOUS MONTHLY LOW
(unless there's another last minute "miracle" that will get puked up again like last Friday)
Get over it.
You just don't want to acknowledge what is all over this chart.
So FINE.
http://bigcharts.mar...&mocktick=1.gif
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#244
andiron
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Posted 31 December 2013 - 03:00 PM
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.
Test means match the price, that didn't happen.
You can have a "null test" which means break the previous volume without a test.
That didn't happen either.
Believe whatever you want to believe.
I could care.
SLV is showing lot more volume..could be significant lows for SLV (and GLD by proxy)
#245
SemiBizz
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Posted 31 December 2013 - 03:08 PM
SLV broke the swing low on blowout volume.
TOAST.
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#246
Russ
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Posted 31 December 2013 - 03:21 PM
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.
Test means match the price, that didn't happen.
You can have a "null test" which means break the previous volume without a test.
That didn't happen either.
Believe whatever you want to believe.
I could care.
Well if you could care (less), then that means you care a little....hahahaha
Within a couple of points of last June is close enough, there are all kinds of divergences, including the advance decline in xau.
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#247
JGUITARSLIM
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Posted 31 December 2013 - 03:32 PM
There are technicians, fundamentalists, traders, investors, etc etc. Funny how depending on one's perspective can see something completely different than another.
Personally Ive never been concerned with catching THE bottom, I don't think many of the mill/billionaire investors ever were.
When you see a valuable asset on sale you accumulate it.
As I look around I'm seeing tremendous value in this sector, couple that with all the other things mentioned already like sentiment, metal at cost of production for miners, etc
I'm convinced this is not the time to be trading. Granted my time perspective is longer than 24 hours.
Hell I bought a company today for $2/oz Au…just crazy! Think we will someday look back upon this period and think what an opportunity.
Happy New Year!!!
#248
senorBS
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Posted 31 December 2013 - 03:33 PM
SLV broke the swing low on blowout volume.
TOAST.
highest volume since Sep 18, and look where it is NOW trading and will likely CLOSE - near 18.68, nicely ABOVE the previous closing lows of December and very possibly completing a downside pattern on a "print" basis, looks bullish to me
Senor
Edited by senorBS, 31 December 2013 - 03:34 PM.
#249
Russ
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Posted 31 December 2013 - 03:34 PM
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#250
senorBS
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Posted 31 December 2013 - 03:36 PM
There are technicians, fundamentalists, traders, investors, etc etc. Funny how depending on one's perspective can see something completely different than another.
Personally Ive never been concerned with catching THE bottom, I don't think many of the mill/billionaire investors ever were.
When you see a valuable asset on sale you accumulate it.
As I look around I'm seeing tremendous value in this sector, couple that with all the other things mentioned already like sentiment, metal at cost of production for miners, etc
I'm convinced this is not the time to be trading. Granted my time perspective is longer than 24 hours.
Hell I bought a company today for $2/oz Au…just crazy! Think we will someday look back upon this period and think what an opportunity.
Happy New Year!!!
you have your head on straight amigo, I stopped trading many weeks ago as I said and started accumulating miners this month
Senor
