I found/remembered this ringing cycle chart in my list (not mine) probably from the T-theory forum.
http://stockcharts.c...p...2&cmd=print
I can't imagine such a big move up or down in the near future, but must let the price do the talking and me do the watching.
If up it goes, around $1,200 satisfies me.
If down it goes, we may have an interesting late spring/summer buying point.
-tria
My latest view
Started by
tria
, Mar 12 2015 06:31 AM
59 replies to this topic
#21
tria
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Posted 16 March 2015 - 04:12 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
#22
tria
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Posted 16 March 2015 - 08:40 AM
Having examined the PMs ETFS March options OI situation, I do not expect a lot of movement this week, either to the upside neither to the downside, that is if 'they' wish to inflict maximum pain to the options buyers. Despite sudden intraday movementsit it may be pure technical trading where EW counting helps a lot for day traders. I will be pleasantly surprised if I am wrong on this.
-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
#23
tria
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Posted 17 March 2015 - 06:08 AM
I don't think Yellen yells a lot tomorrow.
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
#24
tria
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Posted 17 March 2015 - 08:28 AM
Bought the remaining 1/2 Silver trading position @ $15.43
Waiting to buy Gold tomorrow or on Thursday.
DYODD
-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
#25
tria
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Posted 17 March 2015 - 08:44 AM
Bought the remaining 1/2 Gold tradind longs as well $ 1,144.
No stops in place for the remaining of the week.
I'll probably sell near the Easter time.
-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
#26
SemiBizz
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Volume Dynamics Specialist
Posted 17 March 2015 - 08:57 AM
BOOOMMMM....
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
#27
tria
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Posted 17 March 2015 - 09:20 AM
SemiBizz,BOOOMMMM....
EW counting on the 15min plot gave me the clue and your thesis of high volume low days, when testsed, on lesser volumes are bullish, and which BTW I have learned from you and thank you for that, sealed my decision.
I did suggest however from Monday that despite sharp intraday moves not much may happen due to the bloody OPEX next few sessions.
-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
#28
tria
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Posted 18 March 2015 - 01:51 PM
Things are going as I expected.
Due to the April futures OPEX next Thursday we may have seen the highs till then and my EW counting suggests the same.
I have raised my stops obviously but I am not selling yet. Still looking for a high early to mid April.
Hope you bought the mid-week lows as I suggested on Monday.
-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
#29
PrincelyM
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Posted 18 March 2015 - 05:35 PM
Things are going as I expected.
Due to the April futures OPEX next Thursday we may have seen the highs till then and my EW counting suggests the same.
I have raised my stops obviously but I am not selling yet. Still looking for a high early to mid April.
Hope you bought the mid-week lows as I suggested on Monday.
-tria
Good call tria.
#30
tria
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Posted 19 March 2015 - 05:33 AM
A mid-day correction to about $1,160-$1,155 will not surprise me, if seen.
A further rally after the April's futures opex next Thursday would unpleasantly surprise me, however.
-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
