27 replies to this topic

[tria]

Well Turkey claims that Russian missiles have hit a Turkey convoy carrying humanitarian aid ((maybe turkeys (my humor)) to Syria. No confirmation from Russia so far. I wouldn't like to be short untill things calm down, at least. Be seing you, -tria

[tria]

It looks like since 11/6 GDX is forming a diamond pattern.
The target will be either about $15.00 or $12.00 if it breaks down.
It will be easy to see which way it will break, needs a few more quiet days to complete.

http://stockcharts.c...id=p70816204191

Edited by tria, 25 November 2015 - 02:54 PM.

[dougie]

It looks like since 11/6 GDX is forming a diamond pattern.
The target will be either about $15.00 or $12.00 if it breaks down.
It will be easy to see which way it will break, needs a few more quiet days to complete.

http://stockcharts.c...id=p70816204191

Are we missing a leg down there in GDX: see 4 since mid OCT!

[pisces]

It looks like since 11/6 GDX is forming a diamond pattern. The target will be either about $15.00 or $12.00 if it breaks down. It will be easy to see which way it will break, needs a few more quiet days to complete. http://stockcharts.c...id=p70816204191

Are we missing a leg down there in GDX: see 4 since mid OCT!

Myself I would not call it a diamond,i think it will turn into a flag and break to the downside.just my WAG. IF you want to see 2 textbook diamonds , pull up a weekly chart of LULU. ONE IN 2013 AND ONE THIS YEAR.Both broke down and completed their measured move.

Now GOLD,the way the news are coming out each day ,its trading pisspoor,meaning it has a ways to go to the downside.occasional rallies now and then.[a good trading envirement] Once all those BOTTOM CALLS I have been reading the last 2 years start drying up , then maybe then.

[Russ]

Getting ready to pop, should go up...

[pisces]

Getting ready to pop, should go up...

You could be right! on the other hand, that's exactly what a descending triangle looks like . TWT.

[Russ]

There should be a high close to Christmas...

[tria]

It looks like since 11/6 GDX is forming a diamond pattern.
The target will be either about $15.00 or $12.00 if it breaks down.
It will be easy to see which way it will break, needs a few more quiet days to complete.

http://stockcharts.c...id=p70816204191

Are we missing a leg down there in GDX: see 4 since mid OCT!

Unless 11/12 was the (v)3 truncated and a failure (it can be seen better in the GLD chart), we are indeed missing a leg down amongst other things...

Even if the hypothesis of the ending diagonal is valid, the final 'e' wave in the diagonal should have 3 smaller subdivisions, an a-b-c.
I can only see one wave in the weekly for now.

http://stockcharts.c...id=p79142877242

http://stockcharts.c...id=p12098634552

[tria]

Spot Gold $1,165.00 equates to GLD 102.00 Last time I checked there were more than 5,000 (a fairly large number) GLD PUTS - strike 102 - expiring today. I bet a Syrian Pound that they'll try to expire these puts worthless, otherwise business as usual.

Edited by tria, 27 November 2015 - 07:51 AM.

[tria]

Got the $1,055.10 price and will stop it @ 1,052.90 Taking advantage of thin market 'efforts' to hit the stops. RSI in a few time frames near my support lines-