31 replies to this topic

[dougie]

I would wait, we will probably see a bounce here ...

Right after we test 104.05 $yen.

So yeah, while I think XAU and gold can go lower.

After my price target is met on the $yen I have to assess.

Since it is the lead horse...

it remains the lead horse: why?

[SemiBizz]

I would wait, we will probably see a bounce here ...

Right after we test 104.05 $yen.

So yeah, while I think XAU and gold can go lower.

After my price target is met on the $yen I have to assess.

Since it is the lead horse...

it remains the lead horse: why?

Hey man, 2nd time now... I told you I don't care why, I will leave that up to you guys...

[SemiBizz]

They had all the volume in the World today to break that 11/20 high on GDXJ and couldn't get it done.

When Volume doesn't result in breaking highs that tells us DISTRIBUTION IS AT WORK.

Semi,

when you say, "They had all the volume in the World today to break that 11/20 high on GDXJ and couldn't get it done."

where are you looking at? I looked at 2 different charting services and yesterday's volume was higher than 11/20!
What am I missing here please?

Thanks, gis
P.S. Also thanks for your warning yesterday (Monday) I covered my short puts on SLV just before the drop for a nice
profit today.

That's the point Gis, they had more volume and couldn't get the price.

DISTRIBUTION !!!

[gismeu]

Thanks Semi, got it now, I hope. best, gis

[dougie]

FWIW YEn hit long term support yesterday nothing says that cant get broken but it wont wihout a fight and almost everyone is one that side of the trade already

[SemiBizz]

Close enough Closed DUST 35.88 Up 1.54 on the trade. An hour and 45 min work...

[SemiBizz]

FWIW YEn hit long term support yesterday
nothing says that cant get broken but it wont wihout a fight and almost everyone is one that side of the trade already

I will let you guys worry about long term.

I am a day trader.

I hit the button here on hourly resistance.

Gotta trade my pivots or I am lost.

See ya'll later, gotta go short some broad mkt stuff...

Edited by SemiBizz, 14 January 2014 - 12:56 PM.

[SemiBizz]

Took profits for now... Volume was still light on the contract on the pullback. Odds building for bounce. Outweighed odds for staying in short overnight. Let's see if they can bust 1251 again.

[SemiBizz]

Not as bad as I thought.. could only get to 1233

Looking to reload, magic numbers 1251 and under 35 on DUST.

Could vary though... might not make it all the way to 1251 this time.

There was a lot of mouth about gold today, but no volume in the contract.

Unless somebody starts buying..

First stop 1226-1232.

Thats just for starters.


They had all the volume in the World today to break that 11/20 high on GDXJ and couldn't get it done.

When Volume doesn't result in breaking highs that tells us DISTRIBUTION IS AT WORK.

[dougie]

there is your under 35 on DUSt: long again?