Member
Posted 29 March 2016 - 02:54 PM
Today's rise was expected and that is why I got rid of all the DUST yesterday at 3.73
The size if the rise admittedly was not however.
This creates a small problem for my Thursday's potential important low which may now be higher
than Monday's. I can not envisage now Gold dropping all the way back down to 1,208 or below tomorrow.
That low was printed in Asia. We will see.
Finally last week's GLD and GDX gaps were filled today but not the SLV one.
Edited by tria, 29 March 2016 - 02:58 PM.
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
Tim
Posted 29 March 2016 - 05:27 PM
If that was a 2 wave pullback there it is shallow, could fit my idea of an ugly fast drop from 15 weeks high to 20 weeks low
in alternating form as wave 4. It woudl be something to see a face ripping wave 3 right now. Doesnt matter to me I got
for what happens after say 2020 to 2023, when this is over whatever over means.
"marxism-lennonism-communism always fails and never worked, because I know
some of them, and they don't work" M.Jordan
Tim
Posted 29 March 2016 - 05:32 PM
But the problem with say a 1.5 or 1.6 length wave 3 would be that I would not be able
to buy much gold again. Be careful what you ask for.
"marxism-lennonism-communism always fails and never worked, because I know
some of them, and they don't work" M.Jordan
Member
Posted 30 March 2016 - 07:21 AM
My 1-hour RSI now rests ar a support line. If it breaks that for more than an hour further weakness
may ensue.
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
Member
Posted 30 March 2016 - 09:38 AM
Today could be flat to slightly down and tomorrow down a bit.
The RSI support line is still holding so far.
Friday is the judgement day, I think sharply up but we will see...
Edited by tria, 30 March 2016 - 09:40 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
Member
Posted 30 March 2016 - 10:05 AM
A nice rhombus can be theorized being at play since early March in the GDX chart.
Depending on which way it breaks there could be a $3.00 move up or down from its apex near just below $20.00.
So its either near $23.00 to sell or near $17.00 to buy, imho.
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
Member
Posted 30 March 2016 - 10:11 AM
Price just broke below the RSI support line.
Lets see what happens now.
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
Member
Posted 30 March 2016 - 11:08 AM
Half of the DUST went to market @ 3.28 and not that I don't believe that I could wait for tomorrow
to sell above 3.30 but just wishing to tide up my positions and especially to get rid of things that
can't be traded when the news are spilled over early on Friday.
BTW, thank you Dharma my friend for your 'good luck' wishes the other day about this trade.
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
Member
Posted 30 March 2016 - 11:39 AM
we can all make $$$ 
dharma
Member
Posted 31 March 2016 - 09:58 AM
The remaining 1/2 of the DUSTs were dusted off (sold) from my equity @ 3.17 for a break even trade so as
only futures trading for me tomorrow.
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
