59 replies to this topic

[tria]

Despite some initial doubts, A-okay for the short term at least.

Minimal price weakness and medium size price strength is my expectation.

Perhaps $1,250-$1260 or just a bit higher ?

 

The medium term, I do not wish to discuss now.

The proximity of some cycles bottoming soon and which we have discussed in the past,

confuse me and makes me to prefer to 

 

Chart No1 by Eddie and No 2 by Norm (T-Theory forum)

 

 

Edited by tria, 17 April 2016 - 02:04 PM.

[tria]

I think and plan to just to play the range, say 1230-1255 or so, for the next 10 tds.

Even if the 1255/1260 is tested again the 1230 should be tested once more later on.

End of month GLD, GDX is OPEX is on 4/29

Needless is to to say the usual BS standard, JMHO and DYODD.

 

Adiόs for the the week unless something drastic brings me back asap.

Looking for a job at a local hospital as a forensics gld & gdx options torture specialist. 

 

BTW,

My suspition that max pain was to be inflicted to the April option holders at

opex time, at the levels as below in my 4/14 post, turned out to be spot on.

 

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

the GLD door shuts between 118 - 119      ( actual close =  117.92 )

the SLV  door shuts between 15.00 - 15.50    ( actual close =  15.32 )

the GDX door shuts between 22.00 - 22.50 but definetely < 23.00  (actual close = 22.20 )

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

 

Be seeing you,

-Laz

[johngeorge]

Thanks tria

 

Sharing is caring and you do lots of both! 

 

Best to you.

[Smithy]

Laz, the exact projected date for your 2nd GLD chart low is (was) April 9th.
 

The March 27th low at $1208 could well have been it. It is confirmed if it holds to May 5th.

 

One chance in 6 the low is sometime after May 5th. Conversely, using this cycle only, 5 chances out of 6 that March 27th was the low.

 

For a one and half year cycle, March 27 - May 5 is a reasonably small window to keep an eye out for a possible intermediate low.

 

The $1208 low forms a HnS neckline, which if broken, is a win for the bears.

Edited by Smithy, 17 April 2016 - 05:21 PM.

[tria]

Smithy, I don't see any low date on April 9th or at any time in April for that matter in either

of the two charts. I see a cyclic low in June however in the 2nd chart.

 

The March 8th $1208 low is important of course.

I say off hand 65% chance to be broken after May, but even if broken any H&S top ideas will be

a mega bear trap for the bulls to feed on.

Just my 02:15 AM (local time) thoughts.

 

-Laz

Edited by tria, 17 April 2016 - 06:17 PM.

[tria]

With the futures OI at such elevated levels, Silver will take it on the chin in the near future.

Presently in a v of a 5th of (1) perhaps.

 

I am long end of May/June patience, not in a hurry at all.

Edited by tria, 17 April 2016 - 06:35 PM.

[Smithy]

Attempted post of Excel cells didn't work.

Edited by Smithy, 17 April 2016 - 07:37 PM.

[Smithy]

Nope, that didn't work either. Sorry, can't help for the moment.

Edited by Smithy, 17 April 2016 - 07:56 PM.

[tria]

Bottom of my hypothetical short term range (1,230) was just kissed/touched. Consider me IN.

 

Potential and ideal OUT day for an honorable and respectable exit should/could be this Thursday.

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Posted Yesterday, 11:24 PM

I think and plan to just to play the range, say 1230-1255 or so, for the next 10 tds.

Even if the 1255/1260 is tested again the 1230 should be tested once more later on.

End of month GLD, GDX is OPEX is on 4/29

Edited by tria, 18 April 2016 - 02:20 AM.

[Rogerdodger]

Fishhook Signal For Gold