53 replies to this topic

[tria]

Angel Dust possessors should be smilling today.
Wish them all the best and I am with you, but I did and still do expect a down-up sequence for the GDX

to finish this run up in the medium term.

There could be a bullish GDX mfi-T, expiring I think on 4/26 on the chart below. 

In the calculations the LS was placed at the mid November low for various reasons such as splitting the bottoms.

My judgement/brain/model indicates as well the importance of the last week of April.

 

Dharma perhaps we are ON with the 4/26 +/-2 after all.

After all 4/29 is my Christian Orthodox Easter Friday and  wish to fast from trading... 

 

[tria]

FWIW

 

The 'down' part of the 'down-up' sequence should  probably be complete near the 1,240 level.

Still looking for the 'up' part by tomorrow,

[tria]

Too bad for the 'en masse' April party GLD Call  buyers.

The opex party is all set for tomorrow but the door will be shut for many.

The Algos have no feeling of fair play and show no mercy.

 

This deep retracement <1,230 looks OK to me however for a possible very quick long Gold trade.

[dougie]

Agrred

[relax]

Tria, so are you thinking that opex is down to mess the call party up and then post opex there could be a correction upwards, then more down and up until 4/29

[tria]

Agrred

Dougie I'm no IS to get you since I'm an infidel, so if I may ask where are you located in the planet?

[tria]

Tria, so are you thinking that opex is down to mess the call party up and then post opex there could be a correction upwards, then more down and up until 4/29

 

Thats about it Relax and especially for the very-very short-term.

My more distant view clears more every weekend.

[tria]

Think the Gold 'down' sequence concluded  @ <1,230 and the 'up' has started and will conclude

about later today.

 

Trading is good, day trading is even better when conditions are favorable.

 

The $1,230 (or even <) level should/will be revisited (for those who missed it earlier) during regular

US trading hours I think and if not today soon enough.

Edited by tria, 14 April 2016 - 03:24 AM.

[tria]

the Algos have spoken, at the opex tomorrow and if I heard correctly :

 

the GLD door shuts between 118 - 119

the SLV  door shuts between 15.00 - 15.50

the GDX door shuts between 22.00 - 22.50 but definetely < 23.00

 

the 4/29 (end of the month opex) then becomes relevant

Edited by tria, 14 April 2016 - 03:49 AM.

[relax]

I think someone is going for nugt 90-100 leading up to 4/29 ( some calls with that strike were bought and 105s were sold)

 

dont know what that means for gold, just some info

 

cool with the updates, good trading to you