25 replies to this topic

[tria]

Tria,

Do you have any price and time targets on the gold bounce up or did we already see it this morning?

Russ

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.

Probably Russ a falling wedge since September 2013???
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

tria , what are the lines set @ in this cycle? thanks
dharma

dharma,

25-30 week cycle and was originally observed by the late Terry Laundry.

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

Above chart by Eddie from the t-theory forum.

-tria

[Russ]

Simple crossover... up she goes...

[dharma]

Tria,

Do you have any price and time targets on the gold bounce up or did we already see it this morning?

Russ

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.

Probably Russ a falling wedge since September 2013???
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

tria , what are the lines set @ in this cycle? thanks
dharma

dharma,

25-30 week cycle and was originally observed by the late Terry Laundry.

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

Above chart by Eddie from the t-theory forum.

-tria

thanks tria, i had forgotten, you have posted this cycle numerous times before

[tria]

Sold my small Gold trading position @ $1,211.40 - was bought yesteday @ $1,196

Will just keep my small long Silver trading position for now.

I have a rather large position in GREK to keep me busy and could double at least in due time.
Most certainly this is not a recommendation to anyone and admittedly a high risk trade but I like the technicals and like to buy unwarranted fear and to sell greed.

http://stockcharts.c...id=p52594151869

-tria

[dharma]

Simple crossover... up she goes...

yes, that is one of the things i am looking @ stochs crossover from oversold . that and fibs along w/the pattern on the charts
i am starting to think jaitley will cut the 10% tax. the pressure is great on him to do so
dharma

[tria]

Bought back @ $1,203.70 -tria

[Russ]

Simple crossover... up she goes...

yes, that is one of the things i am looking @ stochs crossover from oversold . that and fibs along w/the pattern on the charts
i am starting to think jaitley will cut the 10% tax. the pressure is great on him to do so
dharma

I noticed that Mr. Dev from the mainboard on his stocktwits posts is calling for 1350 if gold can get above about 1230.

Edited by Russ, 25 February 2015 - 12:25 PM.

[dharma]

yes, and above 1350 on a closing basis will cement the deal for me.ie the lows are behind us. not to say that we cant have a deep correction. but , if 1350 is taken out, then the low of 1130 will stand as the low. of course there is alot of ground between here and 1350 dharma

[dougie]

would like to see this AM gap filled now

[tria]

Just sold the Gold trading position @ $1,215.30 Will keep the Silver however. -tria