575 replies to this topic

[Russ]

nem showing some life here which is good. dont think it has bottomed yet we need one more thrust down imo 

 

if that happens i want to see how it comes out of it  all fwiw

looks like some more up is in the cards... 

[Russ]

positive divergence on the cci and down volume.... 

 

Edited by Russ, 05 July 2017 - 03:22 PM.

[dharma]

the dsi reading yesterday was 10. thus sentiment is now supporting a bottom. the bottoming process has begun and is taking shape.  keep in mind the trading graveyards are filled w/traders who tried picking bottoms.   i put in some orders. and am waiting for fills.  i will step in bit by bit.  this could be a process.  

dharma

[gannman]

tomorrow is a big deal for the dollar so far unable to bounce tomorrow should tell us a lot 

[dharma]

the dsi is at levels seen at bottoms

now i am waiting to see those signs in the gld, gdx, gdxj, and silver

its a process

waiting

as signs develop i am a buyer

1198 support

dharma

indian buying , they have been out of the market waiting for gst, and now waiting for the banks to begin purchases

[Russ]

Newmont has not made new lows.... 

 

[gannman]

Yeah I was looking at that gld needs some kind of rally here before a bottom can take place

[gannman]

Guess at a count here maybe ending 3 of this down leg need to see a 4 up and then a final low

It is just a guess we need some kind of rally

[Smithy]

Senor, am I kidding myself that this could be a 4th wave tri?

 

[dharma]

no signs of bottoming action as far as i am concerned

the cots for gold are very encouraging . the large specs added to shorts and reduced longs. while the commercials substantially reduced shorts and added to longs.  

this is encouraging ,

dharma

waiting