25 replies to this topic

[dougie]

Let's see if that holds or not

so far so good

[senorBS]

 

Quiet around here

abc down could be done in Gold, I would favor that count but keep a close eye on other possibilities, my trading focus remains oil/oil stocks

 

Senor

 

so far so good, but there is a count that this is a 5th wave up basis daily and weekly charts in the GDX/HUI etc. It also could be a third, there are right now daily and weekly divergences vs this current high but those could be blown out soon with a continuing rally. If it is a 3rd pullbacls should be on the minimal side from the May 25th low near GDX 22, in fact I would not want to see much more than a 38% retrace from that GDX 22 level at this time, just my dos centavos, so I favor the upside against a sustained decline below that retracement area

 

BSing away

 

Senor

Edited by senorBS, 12 June 2016 - 02:26 PM.

[dougie]

You getting long miners yet Senor ?

Nice call you made on CRB by the by

[senorBS]

 

 

Quiet around here

abc down could be done in Gold, I would favor that count but keep a close eye on other possibilities, my trading focus remains oil/oil stocks

 

Senor

 

so far so good, but there is a count that this is a 5th wave up basis daily and weekly charts in the GDX/HUI etc. It also could be a third, there are right now daily and weekly divergences vs this current high but those could be blown out soon with a continuing rally. If it is a 3rd pullbacls should be on the minimal side from the May 25th low near GDX 22, in fact I would not want to see much more than a 38% retrace from that GDX 22 level at this time, just my dos centavos, so I favor the upside against a sustained decline below that retracement area

 

BSing away

 

Senor

 

the 38% retrace I am watching is right at GDX 25, IMO a sustained drop below there suggests 5 up from Jan low is done and we now correct that rally for a few months, my dos centavos

 

Senor

Edited by senorBS, 13 June 2016 - 12:45 PM.

[senorBS]

 

 

 

Quiet around here

abc down could be done in Gold, I would favor that count but keep a close eye on other possibilities, my trading focus remains oil/oil stocks

 

Senor

 

so far so good, but there is a count that this is a 5th wave up basis daily and weekly charts in the GDX/HUI etc. It also could be a third, there are right now daily and weekly divergences vs this current high but those could be blown out soon with a continuing rally. If it is a 3rd pullbacls should be on the minimal side from the May 25th low near GDX 22, in fact I would not want to see much more than a 38% retrace from that GDX 22 level at this time, just my dos centavos, so I favor the upside against a sustained decline below that retracement area

 

BSing away

 

Senor

 

the 38% retrace I am watching is right at GDX 25, IMO a sustained drop below there suggests 5 up from Jan low is done and we now correct that rally for a few months, my dos centavos

 

Senor

 

GDX held where it had to with a 25.13 low and rallied nicely, bullish case looks good "for now" as decline looks corrective

 

Senor

[senorBS]

well this is volatile and interesting, GDX eked out a new rally high, diverged technically again given this reversal back to 25.50, so I guess I can say it could be bullish against a decisive sustained decline below 25.00, however I do not have a warm and fuzzy feeling about the long side at this time. 

 

Senor