29 replies to this topic

[tria]

per armstrong this could go MUCh lower

Per these two Ms Cycles we are near to 'A' bottom now or in one or two weeks max, and then we see what kind of rally we get..

http://stockcharts.com/h-sc/ui?s=$GOL...8&cmd=print
chart by Eddie-timingtrades

http://stockcharts.c...p...7&cmd=print
chart by the late Terry Laundry R.I.P.

This chart portays a potential path lower.

http://stockcharts.com/h-sc/ui?s=$GOL...6&cmd=print
chart by Eddie-timingtrades

-tria

[Russ]

per armstrong this could go MUCh lower

Per these two Ms Cycles we are near to 'A' bottom now or in one or two weeks max, and then we see what kind of rally we get..

http://stockcharts.com/h-sc/ui?s=$GOL...8&cmd=print
chart by Eddie-timingtrades

http://stockcharts.c...p...7&cmd=print
chart by the late Terry Laundry R.I.P.

This chart portays a potential path lower.

http://stockcharts.com/h-sc/ui?s=$GOL...6&cmd=print
chart by Eddie-timingtrades

-tria

Tria, Your first chart link shows that in the spring of 2013 what should have been a high in those cycles just got blown away in the crash, some cycles are dangerous.

Russ

[tria]

Russ,
That is why stops are used, furthermore other tools are used to investigate the quality of the initial rally out of the cycle bottom. It just another tool, like EW, MACD, RSI etc. otherwise we would trade on autopilot.


Dougie,
I could only get the 2-year time frame.
Below the GDX symbol press 2 Years
http://www.schaeffer...volpcratio.aspx

-tria

[101001000x]

There is a gartley pattern that shows up at $1228-1231 for a bottom before a rally

[fib_1618]

per armstrong this could go MUCh lower

Per these two Ms Cycles we are near to 'A' bottom now or in one or two weeks max, and then we see what kind of rally we get..

http://stockcharts.com/h-sc/ui?s=$GOL...8&cmd=print

Tria, Your first chart link shows that in the spring of 2013 what should have been a high in those cycles just got blown away in the crash, some cycles are dangerous.

Probably due to a larger degree cycle and its heavy influence with its right transition.

In fact, you can kind of see the arc of the cycle in the price pattern itself.

Fib

[dharma]

miners firming up @the highs of the day! dharma

[fib_1618]

miners firming up @the highs of the day!

Patience...let's wait for some constructive data, no less, the 5th wave high on the daily DUST first before getting too excited.

Hopefully we'll start seeing the internal divergence that the bulls need to gain the traction necessary for a trend to develop.

BTW...I heard that Chief was crowing that $1240 is a solid buy in gold yesterday....we'll see.

Fib

[risk_management]

I think the next week is the key. We are roughly at 78% retracement, a bit more for miners and a bit less for gold, and some 6 months from last low. It's depressing and dark in this sector. But isn't that how it's supposed to be at the lows? So if next week we get some back and forth action with miners outperforming, it can be very promising. Money out there is looking for value and this is the last depressed sector. I understand that last time tech ran, precious metals didn't do so well but doubt that holds true this time around. They may underperform but still move up. IMVHO

[senorBS]

another marginal new low in gold at 1241 and another higher reading in 1-8 hour RSI - serious "bullish coil" potential going on here as I believe post triangle thrust is in very later stages, once thrust is done we often see a return to the apex which in this case was 1301, we see PureBS Senor

Edited by senorBS, 02 June 2014 - 09:00 AM.

[senorBS]

another marginal new low in gold at 1241 and another higher reading in 1-8 hour RSI - serious "bullish coil" potential going on here as I believe post triangle thrust is in very later stages, once thrust is done we often see a return to the apex which in this case was 1301, we see

PureBS

Senor

negative sentiment getting more extreme via DSI numbers, Friday's numbers saw 9% silver bulls, gold at 10%, 5-10-21 day MA's are all very, very low (15-18-19% silver bulls, 18-23-26% gold bulls), can it get even more extreme? Yep, and it was more extreme at times during December


Also saw a Kitco survey today or yesterday that showed a Poll from that site showing 2/3 were bearish


Senor

Edited by senorBS, 02 June 2014 - 11:24 AM.