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Frustrating both Bulls and Bears alike, short term


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#11 tria

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Posted 11 August 2016 - 01:56 AM

Looking at the GORO daily, I think there is a clear count complete from early June and suggests

to expect medium size correction, short term.

 

 

Looking at the GORO weekly, there ia a bullish mfi-T that expires in early September and suggests

a new high in early September.

 


Edited by tria, 11 August 2016 - 01:59 AM.

In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.

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#12 tria

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Posted 11 August 2016 - 10:32 AM

Doubled up on DUST @ 4.59

Stops from early next week

Platinum and Palladium are leading the way down today in what looks like a 'c'

after completing a 'b' yesterday. This is my best count


In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.

"You miss 100% of the shots you don't take."
~ Wayne Gretzky


#13 SemiBizz

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Posted 11 August 2016 - 10:54 AM

Looks like all the frustration is on the short side if you are holding...

 

I been flipping in and out of DUST for 1/4 pts.

 

That's a nice gain on a <$5.00 stock

 

Just my flavor, quick in and out.

 

We haven't reached the buying climax on the miners...

 

Almost forgot, Caution here... we have unusual volume event on GDX

 

Stronger volume 2nd hour candle (65Min) Higher High.

 

Short term intraday sign of strength.


Edited by SemiBizz, 11 August 2016 - 10:57 AM.

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#14 tria

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Posted 11 August 2016 - 10:59 AM

Looks like all the frustration is on the short side if you are holding...

 

I been flipping in and out of DUST for 1/4 pts.

 

That's a nice gain on a <$5.00 stock

 

Just my flavor, quick in and out.

 

We haven't reached the buying climax on the miners...

 

 

Looks like whenever I post a bullish view you post a bearish one and vice versa.

Looks like you are wrong on 80% of your contrary to mine calls,

keep it up, I love it Semmi.......after all this is what makes a market.


Edited by tria, 11 August 2016 - 11:07 AM.

In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.

"You miss 100% of the shots you don't take."
~ Wayne Gretzky


#15 stubaby

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Posted 11 August 2016 - 11:21 AM

Tria:

 

This is one time I think you are BOTH right - I have one more up in a Wave 5 of B (could hit Semi's 115.21 target of almost 3 years ago) and then venture down in a Wave c of 2 of 3 for a nice DUST pop



#16 SemiBizz

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Posted 11 August 2016 - 11:37 AM

You've been wrong on this call,  and GDX GLD XAU all keep pushing higher...  I just gave you a heads up to protect yourself and  you got all defensive about it....

 

On August 2nd your topic:

 

http://www.traders-t...d-out/?p=750154

 

I posted this:

 

XAU - GAP UP AND BREAKOUT ON VOLUME - So the XAU finally was able to push out of the 109s into a high of 111.07 on Friday and it closed over 110.28, up a notch of support on STRONGER VOLUME - we got the further rally we expected, but this time they were able to break out even further and make it stick.  OK so from here now the XAU can continue on to test the previous high of 115.21 from almost 2 years ago on 8/27/13 - the XAU closed the day at 107.XX down about 8 bucks from the high, and we haven't seen that high since, so that's the kind of thing we do need to be prepared for on these gold stocks

 

We did get a higher high yesterday at 114.42, and another one today at 114.71 (so far)

 

I have a plan, my plan is based on real numbers... not some kind of hunch that people are selling.  The evidence is that we have VERY STRONG VOLUME under this market... taking it to higher highs.  And we haven't seen strong volume off the top.

 

So what happened here Tria?

 

My memory is perfect, you took a sizeable drawdown on DUST...

 

 

Posted 04 May 2016 - 07:32 AM

 

Thank you Semmi for providing us with reliable and potential targets.

 

I am starting to get out of my Dust at cost

 

 

 

 

Your memory is short....


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#17 Russ

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Posted 11 August 2016 - 11:55 AM

So marty is still short?

 

I don't think he has been short since last winter when he warned that gold had not closed below one if his key bearish reversal numbers and warned that his call for it to test the 1980 high was in doubt at least near term, he is now talking about gold making a slingshot move first to the downside to take out all the bulls and then the real rally will start.  I don't know whether a slingshot move will happen, it is hard to see silver going back to 13,  but I am still seeing the next big low will be Oct/Nov for gold and gold stocks.


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#18 tria

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Posted 11 August 2016 - 11:59 AM

Tria:

 

This is one time I think you are BOTH right - I have one more up in a Wave 5 of B (could hit Semi's 115.21 target of almost 3 years ago) and then venture down in a Wave c of 2 of 3 for a nice DUST pop

 

Thanks Stu,

 

I do value a lot your ew counts and take them into consideration whenever you post them

which unfortunately for us poor devils is not very often.


In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.

"You miss 100% of the shots you don't take."
~ Wayne Gretzky


#19 SemiBizz

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Posted 11 August 2016 - 12:14 PM

There is no question that we are in a HIGH POTENTIAL REVERSAL PRICE ZONE

 

That's what I am playing for here...

 

I just don't see us as there yet...

 

We are doing a lot of wiggling under XAU 115, that's fine, there are hourly trades to be made...

 

I have been flipping in and out of DUST on an HOURLY TRADE BASIS for short term profits while I wait for this test.

 

Today when we had the UNUSUAL EVENT of STRONGER HOURLY VOLUME HIGHER HIGH in the 2nd CANDLE on GDX

 

That put up a RED FLAG for me on the intraday hourly trade...

 

GDX can try to test the 31.26 Low from the hourly reference candle for a bounce... or not.


Edited by SemiBizz, 11 August 2016 - 12:15 PM.

Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics  http://parler.com/Volumedynamics

#20 tria

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Posted 11 August 2016 - 12:26 PM

Semmi my friend, don't be upset but.

You wrote above:

"My memory is perfect, you (meaning me tria I suppose) took a sizeable drawdown on DUST..."

 

I haven't traded DUST for MANY months now man, what R Y talking about?

Show me the post of my 8/2 trade proves Y R right, not showing it means you R confused.

Yesterday was first entry and today I doubled, all as posted on time.

 

GDX did maxed on 8/2 and since then confuses people before another drop.

This was and still is my view.

 

Bottom line and to be fair and Politically correct,

I like and consider your support and resistance numbers, but not your directional calls.

Now if you tell me when to expect your Euro < 1.00 call, I'll be your friend forever.

 

Laz


In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.

"You miss 100% of the shots you don't take."
~ Wayne Gretzky