I have linked this GOLD PNF chart in the past. Recently I bought 5 mining stocks so for me now it is watchful waiting time. 
The TWO EWAVE counts for this likely wave C
Started by
senorBS
, Oct 05 2016 12:04 PM
78 replies to this topic
#41
johngeorge
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Posted 08 October 2016 - 06:44 PM
Peace
johngeorge
johngeorge
#42
dougie
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Posted 08 October 2016 - 06:57 PM
cheers John!
Are you saving some powder or all in
#44
johngeorge
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Posted 09 October 2016 - 12:36 AM
dougie
"cheers John!
Are you saving some powder or all in"
Lots of powder left. Looking to buy another 3 miners and a couple of dividend plays. That will bring my portfolio up to about 20 stocks. More than enough for me to keep track of.
Peace
johngeorge
johngeorge
#45
SemiBizz
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Posted 09 October 2016 - 12:16 PM
.50 XAU Pivot is around 76.
Long term Support 64.
I'd be real careful.
Volume picked up on Friday in the gold contract, and that's a real problem right now...
You have a lot of people in ETFs and when they sell the ETF more underlying stock gets sold and when the underlying stocks get sold the NAV of the ETF goes lower.
It is a vicious circle - I have to see a sign of strength before I buy into this falling knife.
This whole package can fall right into the 12/2 Gann Turn
Edited by SemiBizz, 09 October 2016 - 12:18 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
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
#46
johngeorge
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Posted 09 October 2016 - 01:58 PM
Thanks Semi for the support figure and the sage advice;
"I'd be real careful.
Volume picked up on Friday in the gold contract, and that's a real problem right now."
I do think we are headed lower in both gold and the miners. How far I have no clue or perhaps we are due for a big dead cat bounce. My plan is to buy at lower prices. Will see.
Peace
johngeorge
johngeorge
#47
dougie
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Posted 10 October 2016 - 01:42 AM
Bearishness around here is telling
#49
senorBS
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Posted 11 October 2016 - 08:34 AM
just took a stab at GDX at 22.81, will use a fairly tight stop, looks like do or die here - either new lows very soon or a rally to 23.60-24 at least, as always DYODD
PUREBS
Senor
#50
senorBS
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Posted 11 October 2016 - 09:07 AM
just took a stab at GDX at 22.81, will use a fairly tight stop, looks like do or die here - either new lows very soon or a rally to 23.60-24 at least, as always DYODD
PUREBS
Senor
Senor was a little early but todays drop "so far" to marginal new decline lows in GDX/HUI looks like a nice possible post triangle thrust basis hourly charts, my stop will be modestly below today's low for now.
BSing away
Senor
