134 replies to this topic

[dharma]

The HGNSI fell 2.08 points to -33.33%, which is the lowest reading for this indicator since -36.7% was hit in early
December of 2015
for bulls these are the kind of #s we want to see. the market is still oversold on a daily basis
we should have a good bounce. full moon sunday night.
dharma

[dougie]

bounce may take many by surprise

[dougie]

one more trip down first?

[dharma]

struggling w/the 200dma gld/gdx
dharma

[dharma]

hoovering around the 200dma in gld/gdx. just consolidation. the sentiment #s provide a clue that this market is at or very close
to the lows. still would like to see a clear 4 and 5 , but if i have on the upside so be it. there are many pieces of the puzzle
that are in place but not all
dharma

[johngeorge]

dharma

 

"there are many pieces of the puzzle
that are in place but not all"

 

I bought a couple of  small mining stocks this am.  I do want to see a buy signal in the $BPGDM and buying by institutions, ie., pensions and sovereign wealth funds.  Their buying IMO would make a tremendous difference.  Meanwhile I buy what I perceive as good value and/ or good upside potential.  Still have plenty of dry powder to work with for another dump in prices. Per dougie's "one more trip down first?"

Edited by johngeorge, 13 October 2016 - 11:41 AM.

[dougie]

5 up on 10 minute chart (;

[dharma]

above a certain price and i will think the correction is over! we are not close ..........yet but have to have at least
a plan B buying strategy
this guy is interesting http://www.internati...ncern-deflation
dharma

[senorBS]

5 up on 10 minute chart (;

IMO it is not 5 up but an abc to area of prev 4th wave resistance - in GDX near 24 and we have faded fairly badly into close, looks more like a corrective bounce IMO, we see

 

Senor

[senorBS]

yesterday's fade has continued, I see no compelling reason to buy as we might need another good sized leg down but no way I want to be short here, patience time continues

 

Senor