Member
Posted 14 March 2017 - 11:50 AM
Re:..3 steps and a stumble...
nyse breadth doing its part..breadth collapsing last week to 8 days..
will it pull SPX down?
weekly Hi-Lo Index indicator(NYSE) sell signal with last Fri close..
the general meaning is:..SPX should be 1% or more lower in 3 months..
donc
Member
Posted 14 March 2017 - 01:20 PM
doin some light miner buying, about 22% long now
BSing away
Senor
Member
Posted 15 March 2017 - 01:51 AM
Member
Posted 15 March 2017 - 07:50 AM
What is your bearish scenario here el Senor?
Head down to take out Dec 2016 lows and that would suggest Dec of 2015 lows might be in play in Gold. I still that that is low odds but a sharp decline from here in miners would start changing my tune. Gold has held up much better than the miners "so far" and that worries me a bit, tough call here and am 20% long (sold a bit late day) in "trading" positions and could exit very quickly. I still think there is a very decent chance of a good low here but today is huge with the Fed meeting
Senor
Edited by senorBS, 15 March 2017 - 07:50 AM.
Member
Posted 15 March 2017 - 08:48 AM
I'm wondering if the hourly gold chart could be forming a kinda sorta 4th wave tri. -- Curr. 1200
Member
Posted 15 March 2017 - 09:55 AM
fed on deck
netherlands election tonight
then draghi , it seems all his policies have not had the results he had intended.
then there is abe/kuroda also thursday night. japan is a nation of savers. not debtors . their demographics are similar to the usa =japan is a nation of old folks
miners are stocks gg/nem made new lows for the move. abx did not . gdx is close to the lows gdxj is not . gg/nem have daily divergences now.
so there is intermarket divergences occurring and forming and oscillator divergences set up and occurring as well. my view is dec 15 was the low.
not sure if dec 16 was the start of 3 or not. we will find out relatively quickly
the broad market spy has made a h&s top, will the hike activate the pattern? i dont care how many hikes she does in 17 the fed is behind the curve and they will remain behind the curve . the economy world wide is debt laden and quite a few 3rd world countries owe money in dollars. this is going to cause many problems. also if the dollar strengthens the usa multinationals will lose market share. the world is interconnected and there
are consequences . i think this all clears up by ganns 1st day of the year=the equinox. i am waiting to scoop up some miners , should the sale get more appealing. which it very well could. not in any hurry market has alot of dots to connect. and that doesnt happen quickly
dharma
the sentiment and the oscillators are saying we are close to a low here.
Edited by dharma, 15 March 2017 - 09:56 AM.
Member
Posted 15 March 2017 - 10:34 AM
hgnsi for yesterday -26.68% it really collapsed.
open interest fell 2%
dharma
great stuff on HGNSI and thanks Dharma, how is this number is respect to extremes scene at other important lows?
I am answering my own question, here is a lonk to the price of gold chart with HGNSI on it over a 3-4 yr period
http://hulbertrating...gold-sentiment/
Senor
Edited by senorBS, 15 March 2017 - 10:36 AM.
Member
Posted 15 March 2017 - 12:02 PM
fed on deck
netherlands election tonight
then draghi , it seems all his policies have not had the results he had intended.
then there is abe/kuroda also thursday night. japan is a nation of savers. not debtors . their demographics are similar to the usa =japan is a nation of old folks
miners are stocks gg/nem made new lows for the move. abx did not . gdx is close to the lows gdxj is not . gg/nem have daily divergences now.
so there is intermarket divergences occurring and forming and oscillator divergences set up and occurring as well. my view is dec 15 was the low.
not sure if dec 16 was the start of 3 or not. we will find out relatively quickly
the broad market spy has made a h&s top, will the hike activate the pattern? i dont care how many hikes she does in 17 the fed is behind the curve and they will remain behind the curve . the economy world wide is debt laden and quite a few 3rd world countries owe money in dollars. this is going to cause many problems. also if the dollar strengthens the usa multinationals will lose market share. the world is interconnected and there
are consequences . i think this all clears up by ganns 1st day of the year=the equinox. i am waiting to scoop up some miners , should the sale get more appealing. which it very well could. not in any hurry market has alot of dots to connect. and that doesnt happen quickly
dharma
the sentiment and the oscillators are saying we are close to a low here.
and stocks like CDE and HL eked out major new decline lows yesterday basis daily charts,"possibly" ending huge ABC downs from LAST years August highs and in the process registered a daily RSI divergence at very oversold levels - similar to those seen at key lows the past few years. When I see charts like this I really wonder what "might" be happening here. Huge days today and tomorrow.
NO BS
Senor
Member
Posted 15 March 2017 - 12:06 PM
fed on deck
netherlands election tonight
then draghi , it seems all his policies have not had the results he had intended.
then there is abe/kuroda also thursday night. japan is a nation of savers. not debtors . their demographics are similar to the usa =japan is a nation of old folks
miners are stocks gg/nem made new lows for the move. abx did not . gdx is close to the lows gdxj is not . gg/nem have daily divergences now.
so there is intermarket divergences occurring and forming and oscillator divergences set up and occurring as well. my view is dec 15 was the low.
not sure if dec 16 was the start of 3 or not. we will find out relatively quickly
the broad market spy has made a h&s top, will the hike activate the pattern? i dont care how many hikes she does in 17 the fed is behind the curve and they will remain behind the curve . the economy world wide is debt laden and quite a few 3rd world countries owe money in dollars. this is going to cause many problems. also if the dollar strengthens the usa multinationals will lose market share. the world is interconnected and there
are consequences . i think this all clears up by ganns 1st day of the year=the equinox. i am waiting to scoop up some miners , should the sale get more appealing. which it very well could. not in any hurry market has alot of dots to connect. and that doesnt happen quickly
dharma
the sentiment and the oscillators are saying we are close to a low here.
and stocks like CDE and HL eked out major new decline lows yesterday basis daily charts,"possibly" ending huge ABC downs from LAST years August highs and in the process registered a daily RSI divergence at very oversold levels - similar to those seen at key lows the past few years. When I see charts like this I really wonder what "might" be happening here. Huge days today and tomorrow.
NO BS
Senor
care to elaborate.
dharma
