26 replies to this topic

[dharma]

1281.50 low so far and on this leg down from 1340 area this does look like the 3rd wave of that drop so I have to assume lower prices for now and no immediate low likely.

throwing the same bs.
not in a hurry here
good to see you
dharma

[senorBS]

 

1281.50 low so far and on this leg down from 1340 area this does look like the 3rd wave of that drop so I have to assume lower prices for now and no immediate low likely.

throwing the same bs.
not in a hurry here
good to see you
dharma

 

gracias, been waiting for the big pullback in gold and now we have it, in no hurry either. looks like 200-day MA tests are likely in GDX (23 area) and HUI 202-204

 

Senor

Edited by senorBS, 04 October 2016 - 10:24 AM.

[dharma]

yes , i posted some stuff on a thread below
dharma

[Russ]

gold just broke hard below 1300, "if" we are doing a double zigzag correction from the 1375 July high then 1280 area is where the two zigzags would be equal - that's my first key area to watch 

 

Pure BS

 

Senor

 

How about the gap at 1157. I am showing the low comes in November.

[dougie]

Dust git some juice

This was one good target but i see no neg divergences

Maybe we crash

[senorBS]

Dust git some juice

This was one good target but i see no neg divergences

Maybe we crash

looks muy malo, no hurry, could surprise to downside, who knows, will watch HUI support at 202-204 and then 195 area closely

 

Senor

[senorBS]

GDX at 23 and HUI at 200, I have both these as important support "areas" woth more HUI support near 195. one KEY note here is that "at this time" and I do STRESS "at this time" daily RSI is diverging positively in the GDX and HUI against the late Augues wave "A" bottom, one has to be very careful with this as a continued plunge could easily wipeout this "potential" bullish divergence. Doing nothing but watching closely.

 

uno more note, while this may be a wave 3 of C down one cannot rule out this is a thrust down out of large wave B contracting triangles and IF and I stress IF that count was in effect we could have a spike low and no retest - just food for thought and as I said I am doin nada at this time. GLTA

 

BSing away

 

Senor

[dougie]

As senor notes interesting area:

 

Edited by dougie, 05 October 2016 - 04:18 PM.

[dougie]

somehow lost the ability to post charts

[dougie]