18 replies to this topic

[Russ]

Thanks Smithy, when I first came on this board over a decade ago I knew almost nothing and had to ask what overhead resistance was. We learn. Semibizz did call me worthless though last year but he was dead wrong last winter and claims to be an expert.

Edited by Russ, 11 April 2017 - 11:42 AM.

[AChartist]

daily cycles are flatish it is the weekly doing the work with some long cycles strongly up,

 

there is some help with daily cycles to have some components turning up in 10 days

 

so the next pivot point up in weekly that looked like the last week of Apr could come early on

 

Apr 28. Not going to try to outsmart it just buy, early on in bull mkts is going to be choppy.

[Russ]

daily cycles are flatish it is the weekly doing the work with some long cycles strongly up,

 

there is some help with daily cycles to have some components turning up in 10 days

 

so the next pivot point up in weekly that looked like the last week of Apr could come early on

 

Apr 28. Not going to try to outsmart it just buy, early on in bull mkts is going to be choppy.

I am showing a possible high this friday the 14th +/- a day of april just before easter, I will be taking profits before easter.

[AChartist]

The cycle does have a 6 week low point in 1-2 weeks but this is very minor in magnitude and

 

importance to the mean regression potential of large up cycles way up there and rising. Small cycles

 

are less reliable can as much as skip. All I can do is have some capital to add if there is a dip of some

 

sort but not sell if I missed that 17% day and yesterday 9% and maybe tomorrow the whole thing would be

 

shot being uncomfortable chasing is more risk. About the only thing that can go wrong is close back below

 

the weekly line on close tomorrow whatever that price is havent looked but they have done that too on gold.

[Russ]

I have exited all my NUGT positions around $11.40, will look for weakness to re-enter next week perhaps.

[AChartist]

cycles do look like the dip to the breakout next week but also mean regression

 

potential to 1375 gold it can be as much as intraday or all week test.

 

Should be an excellent place to load aggressive calls that also makes it unlikely to

 

give ua that chance what everyone wants. I do have to worry about managing margin though.

 

I wonder if there is anything to it, the 5th 30 day down cycles might not work when its 5x

 

compliment of 135 day cycle is up. Its a crap shoot for next week but for sure I want some calls

 

by the 19th and when I say that is not alot of money risked.

[Russ]

Gold stocks have started to sell off as I said they would after last week, looking for the next entry point.

[Smithy]

Do you have a target date for a low? I'm still concerned about Eric Hadik's end April / early May low date, his alleged 19 week cycle.

[Russ]

end of april could be correct, not sure at this point, I will look for trends on the oscillator, otherwise will be looking for divergences, the last trend on gdx for a high last week was in the money but I am not short, just waiting for a buying op.