Let's see if that holds or not
so far so good
Posted 08 June 2016 - 03:39 PM
Let's see if that holds or not
so far so good
Posted 12 June 2016 - 02:24 PM
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.
Posted 12 June 2016 - 03:57 PM
You getting long miners yet Senor ?
Nice call you made on CRB by the by
Posted 13 June 2016 - 12:45 PM
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.
Posted 15 June 2016 - 06:22 PM
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
Posted 16 June 2016 - 01:13 PM
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