28 replies to this topic

[senorBS]

gold is possibly in wave e of a fourth contracting triangle from 1076 decline low so one more thrust to a more tradable low could occur soon, this count is invalidated on a rally above 1104

Senor

the 1097 overnight Gold high may have ended wave 'E" of that possible fourth wave contracting tri and a thrust below 1077 to a tradable low could now be underway

Senor

[senorBS]

gold is possibly in wave e of a fourth contracting triangle from 1076 decline low so one more thrust to a more tradable low could occur soon, this count is invalidated on a rally above 1104

Senor

the 1097 overnight Gold high may have ended wave 'E" of that possible fourth wave contracting tri and a thrust below 1077 to a tradable low could now be underway

Senor

with gold back at 1092 the odds of a thrust down have decreased significantly IMO

Senor

[senorBS]

just perused a lot of miner charts, IMO there is a pretty decent chance for a very significant rally getting underway, but have been disappointed before Senor

[senorBS]

gold is possibly in wave e of a fourth contracting triangle from 1076 decline low so one more thrust to a more tradable low could occur soon, this count is invalidated on a rally above 1104

Senor

the 1097 overnight Gold high may have ended wave 'E" of that possible fourth wave contracting tri and a thrust below 1077 to a tradable low could now be underway

Senor

with gold back at 1092 the odds of a thrust down have decreased significantly IMO

Senor

there is now a chance the potential 4th wave contracting tri saw wave E end at today's 1099 high, so we could still see a final thrust down to below 1076/1077, a rally above 1100-1105 would suggest higher prices and increases the odds a low is in place

Senor

[senorBS]

in gold/miners the worst case IMO is that this is a wave 4 rally of a large C wave (from May high at 1232) of a final ABC of a huge ED (ending diagonal triangle) from the Aug/Sep highs of 2013, IMO at this time it's 50/50 whether the ED is done or we need one more wave 5 of C down. A gold rally above 1162 would IMO increase the odds substantially that the last leg of the diag had ended. and if we do need a 5th down the number that makes a lot of sense to me is 1056/1057 in gold PureBS Senor

Edited by senorBS, 15 August 2015 - 12:37 PM.

[senorBS]

1520-1530 support vs 1130-1140

when we broke the key 1520-1530 support level a few years ago price dropped $200 in two days, yesterday we broke key 1120-1130 support and "so far" this morning on day two prices are trading near 1100. It never has to or does happen the same way, but IMO if we don't keep accelerating sharply lower today/tomorrow then this break of key support has a good chance to be much different then the previous one - meaning this could be an ending pattern vs a third wave, we see

BSing away

Senor

Gold closed just above 1130 today and I view that as an initial bullish event, not decisive but "initial".So once again the break of previous lows did not at all lead to a plunge like we saw when 1520/1530 support was broken, the print low was near 1077. So IMO given the wave count and "potential" MT and LT pattern completion along with the daily/weekly/monthly technical divergences into the recent new bear market lows, one has to seriously at least "CONSIDER" that a major low is in place. Add to that the 2-3 week miner collapse/capitulation that saw the HUI/Gold ratio go to the most extreme levels ever seen and it is MUY interesting here.

And sombreros off to SENOR HADIK and his late July forecast for KEY cycle lows in gold/silver - a FUKKIN bulls eye so far!

BSing away

Senor

Edited by senorBS, 19 August 2015 - 02:55 PM.

[goldfungus]

1520-1530 support vs 1130-1140

when we broke the key 1520-1530 support level a few years ago price dropped $200 in two days, yesterday we broke key 1120-1130 support and "so far" this morning on day two prices are trading near 1100. It never has to or does happen the same way, but IMO if we don't keep accelerating sharply lower today/tomorrow then this break of key support has a good chance to be much different then the previous one - meaning this could be an ending pattern vs a third wave, we see

BSing away

Senor

Gold closed just above 1130 today and I view that as an initial bullish event, not decisive but "initial".So once again the break of previous lows did not at all lead to a plunge like we saw when 1520/1530 support was broken, the print low was near 1077. So IMO given the wave count and "potential" MT and LT pattern completion along with the daily/weekly/monthly technical divergences into the recent new bear market lows, one has to seriously at least "CONSIDER" that a major low is in place. Add to that the 2-3 week miner collapse/capitulation that saw the HUI/Gold ratio go to the most extreme levels ever seen and it is MUY interesting here.

And sombreros off to SENOR HADIK and his late July forecast for KEY cycle lows in gold/silver - a FUKKIN bulls eye so far!

BSing away

Senor

I think he's looking for a high in September. So far so good.

[senorBS]

1520-1530 support vs 1130-1140

when we broke the key 1520-1530 support level a few years ago price dropped $200 in two days, yesterday we broke key 1120-1130 support and "so far" this morning on day two prices are trading near 1100. It never has to or does happen the same way, but IMO if we don't keep accelerating sharply lower today/tomorrow then this break of key support has a good chance to be much different then the previous one - meaning this could be an ending pattern vs a third wave, we see

BSing away

Senor

Gold closed just above 1130 today and I view that as an initial bullish event, not decisive but "initial".So once again the break of previous lows did not at all lead to a plunge like we saw when 1520/1530 support was broken, the print low was near 1077. So IMO given the wave count and "potential" MT and LT pattern completion along with the daily/weekly/monthly technical divergences into the recent new bear market lows, one has to seriously at least "CONSIDER" that a major low is in place. Add to that the 2-3 week miner collapse/capitulation that saw the HUI/Gold ratio go to the most extreme levels ever seen and it is MUY interesting here.

And sombreros off to SENOR HADIK and his late July forecast for KEY cycle lows in gold/silver - a FUKKIN bulls eye so far!

BSing away

Senor

I think he's looking for a high in September. So far so good.

be cool if we did a big 5 up into that time frame, with daily RSI confirming today's new price high and with room to run IMO, "IF" bullish we could be in a daily third wave higher, if we are we should run another $30-40 higher at least over the next 2-4 days IMO, we will see

Senor

[senorBS]

1520-1530 support vs 1130-1140

when we broke the key 1520-1530 support level a few years ago price dropped $200 in two days, yesterday we broke key 1120-1130 support and "so far" this morning on day two prices are trading near 1100. It never has to or does happen the same way, but IMO if we don't keep accelerating sharply lower today/tomorrow then this break of key support has a good chance to be much different then the previous one - meaning this could be an ending pattern vs a third wave, we see

BSing away

Senor

Gold closed just above 1130 today and I view that as an initial bullish event, not decisive but "initial".So once again the break of previous lows did not at all lead to a plunge like we saw when 1520/1530 support was broken, the print low was near 1077. So IMO given the wave count and "potential" MT and LT pattern completion along with the daily/weekly/monthly technical divergences into the recent new bear market lows, one has to seriously at least "CONSIDER" that a major low is in place. Add to that the 2-3 week miner collapse/capitulation that saw the HUI/Gold ratio go to the most extreme levels ever seen and it is MUY interesting here.

And sombreros off to SENOR HADIK and his late July forecast for KEY cycle lows in gold/silver - a FUKKIN bulls eye so far!

BSing away

Senor

I think he's looking for a high in September. So far so good.

be cool if we did a big 5 up into that time frame, with daily RSI confirming today's new price high and with room to run IMO, "IF" bullish we could be in a daily third wave higher, if we are we should run another $30-40 higher at least over the next 2-4 days IMO, we will see

Senor

so far so good with today's continued surge higher above 1150, bodes well for a possible 3rd wave being underway, I view 1155-1162 as a key area because if this perhaps was an abc wave 4 rally it IMO needs to not go above that area, a move above 1162 gets me more bullish

BSing away

Senor