Critical Support: 1520/1530 vs 1120/1130
#1
Posted 21 July 2015 - 08:09 AM
#2
Posted 21 July 2015 - 09:19 AM
Edited by senorBS, 21 July 2015 - 09:24 AM.
#3
Posted 21 July 2015 - 09:40 AM
#4
Posted 21 July 2015 - 09:44 AM
keep in mind I am just speculating here, if today's bounce fails badly and we head to new lows a third wave down could instead be unfolding, I think today's action is very important
BSing away
Senor
Thanks, Senor. The volume component is huge - Pun intended.
#5
Posted 21 July 2015 - 02:11 PM
#6
Posted 21 July 2015 - 02:34 PM
Somebody better have an ambulance on standby.
NOBODY KNOWS WHERE THIS STOPS....
Jeesh....
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
#7
Posted 24 July 2015 - 02:57 PM
#8
Posted 24 July 2015 - 03:47 PM
so after the Monday break of key 1120-1130 support gold only closes $20 lower near 1100, avoiding a wave 3 collapse and IMO increasing the odds this was a 5th wave vs a third, and with the impressive miner rebound Friday this was one helluva interesting week, nothing at all decided but it is IMO not at all a slam dunk for lower prices, we saw some "generational" extremes in the metals sector this week
BSing away
Senor
Monday will be the tell. I think they try to sell it. If they don't… big news.
#9
Posted 24 July 2015 - 05:48 PM
i saw the fed balance sheet today . back in the stratosphere. for years the price of gold mirrored the balance sheet, since 11 that glove on a hand diverged. gold will ! some point have alot of catching up to do
from the 1924 highs . this C wave seems to be a diagonal triangle, that could have just ended . too early to say definitively!
patience
dharma
this guys piece that i posted the other day is spot on http://www.graceland...015jul21mk1.png
Edited by dharma, 24 July 2015 - 05:49 PM.
#10
Posted 24 July 2015 - 08:46 PM
agree w/you amigo. nothing definitive yet but it sure looks promising. this week could have been a bear trap, break the lows of 1130 get everyone growling @1070 only to reverse . need to impulse here. above 1130 close goes along ways
i saw the fed balance sheet today . back in the stratosphere. for years the price of gold mirrored the balance sheet, since 11 that glove on a hand diverged. gold will ! some point have alot of catching up to do
from the 1924 highs . this C wave seems to be a diagonal triangle, that could have just ended . too early to say definitively!
patience
dharma
this guys piece that i posted the other day is spot on http://www.graceland...015jul21mk1.png
my preferred count for a long while is that this is a large ending wave 5 of C diagonal basis daily and weekly charts from the AUG 2013 high at 1433, and this last sharp drop should be ending an C wave of the last ABC, if correct we could fly out of here, again "if" correct
Senor