continuing the next leg higher
#11
Posted 12 July 2016 - 11:06 AM
But unlike you all I nervously paired back a bit
#12
Posted 12 July 2016 - 11:34 AM
nice portfolio. everyone has to trade this thing as they are comfortable. being comfortable is key. otherwise needless mistakes occur
my bent tends to be towards the explorers. i enjoy researching a stock or company. and the history of their management, if it exists. some of these people have a string of success. and are well known entities. so although it is very speculative i try to stack the deck a bit. in my favor. i try to avoid companies that need to return to the trough or wait until they have returned and then step in.
i am of the mind right here, that this is a correction which will end shortly
dharma
#13
Posted 12 July 2016 - 11:54 AM
I like NGD but it seems thinly traded compared to EGO.
#14
Posted 12 July 2016 - 11:55 AM
Except today down volume bigger.
Hmm.
#15
Posted 12 July 2016 - 02:37 PM
ngd is a holding of mine as well, it has been a laggard.
i have the death zone for this decline @1325
so far it has held.
miners starting to give it up, i would like to see the miners stronger than the metal
lets see what the next days hold
dharma
#16
Posted 12 July 2016 - 08:23 PM
Thanks D. I am looking for negative divergence as the next up gets underway. That will set us up for a larger decline. It was a whole lot easier to trade this a month ago.
#17
Posted 13 July 2016 - 10:00 AM
yesterday the gld dropped 16 tons . this is more than 1% i have noticed that when there is 1% or more drop in the gld , the lows are w/in 3 days. w/yesterdays action, i am leaning towards the lows being in. and the next leg higher will commence.
dharma
did some buying yesterday and the day before
#18
Posted 13 July 2016 - 11:08 AM
sentiment
HGNSI fell 20 points to 25%
MarketVane’s bullish consensus fell 2 points to 59%,
DSI fell 14 points to 63%.
this market is no where near frothy
i suspect that monday//tuesday saw the commercials short covering
dharma
margin debt increasing on the broad market rally= folks buying stuff on margin they cant afford. =caution. normally gann bought on new highs= a sign of strength
still watching db, i believe this will set off fireworks when it makes new lows
lots of derivatives in their portfolio
#19
Posted 13 July 2016 - 03:22 PM
market a bit skiddish . weak hands sell on down days. then jump back in on up days. then sell near the close. market climbs a wall of worry
we are going to have a convincing up move into the august 5 bradley
dharma
Edited by dharma, 13 July 2016 - 03:23 PM.
#20
Posted 13 July 2016 - 04:02 PM
market a bit skiddish . weak hands sell on down days. then jump back in on up days. then sell near the close. market climbs a wall of worry
we are going to have a convincing up move into the august 5 bradley
dharma
The exact bottom for the miners was on my wife's B-day. It would be perfect if the top happened on mine!