Gold rebounds and then drops
#1
Posted 23 February 2015 - 12:23 AM
In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.
"You miss 100% of the shots you don't take."
~ Wayne Gretzky
#2
Posted 23 February 2015 - 11:34 AM
"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/
#3
Posted 23 February 2015 - 12:18 PM
Russ,Tria,
Do you have any price and time targets on the gold bounce up or did we already see it this morning?
Russ
Tomorrow is March futures OPEX, so pobably they want Gold to close as near to the $1,200 level as possible.
I am afraid that the gold bounce will be short lived, just a few days and with no great potential price wise. JMHO
-tria
In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.
"You miss 100% of the shots you don't take."
~ Wayne Gretzky
#4
Posted 23 February 2015 - 01:50 PM
Russ,Tria,
Do you have any price and time targets on the gold bounce up or did we already see it this morning?
Russ
Tomorrow is March futures OPEX, so pobably they want Gold to close as near to the $1,200 level as possible.
I am afraid that the gold bounce will be short lived, just a few days and with no great potential price wise. JMHO
-tria
Should be good shorting opportunity then, perhaps heading into another summer low which should be the final low.
"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/
#5
Posted 23 February 2015 - 02:45 PM
Probably Russ a falling wedge since September 2013???Russ,Tria,
Do you have any price and time targets on the gold bounce up or did we already see it this morning?
Russ
Tomorrow is March futures OPEX, so pobably they want Gold to close as near to the $1,200 level as possible.
I am afraid that the gold bounce will be short lived, just a few days and with no great potential price wise. JMHO
-tria
Should be good shorting opportunity then, perhaps heading into another summer low which should be the final low.
However do not like the fact that one too many are waiting for the same outcome, thus no shorting for me etheir.
Prefer to go day by day, week by week and watch the COTS, OBV, OI, put/call ratios and other esoteric indicators.
http://stockcharts.c...p...7&cmd=print
-tria
In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.
"You miss 100% of the shots you don't take."
~ Wayne Gretzky
#6
Posted 23 February 2015 - 02:47 PM
Probably Russ a falling wedge since September 2013???Russ,Tria,
Do you have any price and time targets on the gold bounce up or did we already see it this morning?
Russ
Tomorrow is March futures OPEX, so pobably they want Gold to close as near to the $1,200 level as possible.
I am afraid that the gold bounce will be short lived, just a few days and with no great potential price wise. JMHO
-tria
Should be good shorting opportunity then, perhaps heading into another summer low which should be the final low.
However do not like the fact that one too many are waiting for the same outcome, thus no shorting for me etheir.
Prefer to go day by day, week by week and watch the COTS, OBV, OI, put/call ratios and other esoteric indicators.
http://stockcharts.c...p...7&cmd=print
-tria
In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.
"You miss 100% of the shots you don't take."
~ Wayne Gretzky
#7
Posted 23 February 2015 - 03:58 PM
This Platinum chart has very strong confirmed trends on it for a big low this summer, these are confirmed long term trends on multiple time frames which are extremely unlikely to be violated and there is of course Mr. Armstrong's computer which is predicting the same thing and he/it is usually correct.
"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/
#8
Posted 23 February 2015 - 05:59 PM
"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/
#9
Posted 24 February 2015 - 04:17 AM
In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.
"You miss 100% of the shots you don't take."
~ Wayne Gretzky
#10
Posted 24 February 2015 - 02:55 PM
tria , what are the lines set @ in this cycle? thanksProbably Russ a falling wedge since September 2013???Russ,Tria,
Do you have any price and time targets on the gold bounce up or did we already see it this morning?
Russ
Tomorrow is March futures OPEX, so pobably they want Gold to close as near to the $1,200 level as possible.
I am afraid that the gold bounce will be short lived, just a few days and with no great potential price wise. JMHO
-tria
Should be good shorting opportunity then, perhaps heading into another summer low which should be the final low.
However do not like the fact that one too many are waiting for the same outcome, thus no shorting for me etheir.
Prefer to go day by day, week by week and watch the COTS, OBV, OI, put/call ratios and other esoteric indicators.
http://stockcharts.c...p...7&cmd=print
-tria
dharma