3 replies to this topic

[gannman]

gdxj aint that far away from its 50 another day like today swings the odds in favor of the bulls and two days like today

 

and the correction is done imo

[AChartist]

just looking at my daily cycles as of a few days ago it looked like this bounce but

 

could be low again next week. My idea was for a long time to make a stock high Sep 13

 

and that could be around the gold low, not sure now maybe all that is done next week.

 

I'll be looking to switch some stock to gold funds during next week incementally and by Sep 13.

 

And I am thinking I will a short on an insurance etf. Last time I called for the top in retail with the cyclical high but didnt

 

trade it, the next canary may be insurance just an idea for entertainment not recommendation I am investigating what to short with expected

 

Sep 13 high.

[SemiBizz]

Really?

 

Friday's XAU Forecast:

 

XAU - BULLISH OUTSIDE REVERSAL ON STRONGER VOLUME - closed over the previous high.  So to recap, we had a test of the low and then a break of the previous high and a close over it and that is a bullish reversal setup... we'll see if there is some leverage on this tomorrow.  Shorts should be very careful here because the XAU fell a long way without much of a bounce...

 

[gannman]

honestly i am expecting more of a correction if it can go to new highs here i would be surprised but pleasantly so. 

 

we will see if we get good follow thru to these two days them we are done imo