Too many people calling for a low: Hadik, Moolman, Surf City, Avi Gilbert, Stewie Thomson, etc.
wave 3??!!
#71
Posted 10 May 2017 - 01:30 PM
#72
Posted 10 May 2017 - 01:50 PM
its just the full moon
on the hourly gdx chart it looks like 5 waves up.
if this was the low or not , i do expect a good rally going into late june/july
the commercials have been covering shorts, the large/small specs have been selling, imo they got extended on the buying for the indian festival and the war drums. now , they have been forced to scale back and the commercials are covering their shorts
i have the dsi @ 38 the march low was 31 sentiment has come around to favor the bulls.
should rally http://www.seasonalc...ssics_gold.html
dharma
#73
Posted 10 May 2017 - 02:08 PM
its just the full moon
on the hourly gdx chart it looks like 5 waves up.
if this was the low or not , i do expect a good rally going into late june/july
the commercials have been covering shorts, the large/small specs have been selling, imo they got extended on the buying for the indian festival and the war drums. now , they have been forced to scale back and the commercials are covering their shorts
i have the dsi @ 38 the march low was 31 sentiment has come around to favor the bulls.
should rally http://www.seasonalc...ssics_gold.html
dharma
I only see 3 waves so far on gdx etc on the hourly.
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#74
Posted 10 May 2017 - 02:20 PM
At 3 pm eastern, 2 hrs to go, I'd like to see this butterfly hold.
#75
Posted 10 May 2017 - 02:32 PM
ok russ i do see 5 waves, but that is the beauty of wave counting, there are diverse ways to see something
on another note. the gdxj is set to rebalance on june 16. they will have to sell 4 billion of junior miners. that is alot of stock and can and will create some buying opportunities . i found this perspective interesting
https://www.streetwi...om/pub/na/17429
https://katusaresear...ty-gold-stocks/
http://portfolios.mo...holdings?t=GDXJ
anyway it is interesting
dharma
smithy , you mention 6 guys calling for a low. hardly alot calling for a low. and some of those guys are quite astute.
#76
Posted 10 May 2017 - 03:04 PM
ok russ i do see 5 waves, but that is the beauty of wave counting, there are diverse ways to see something
on another note. the gdxj is set to rebalance on june 16. they will have to sell 4 billion of junior miners. that is alot of stock and can and will create some buying opportunities . i found this perspective interesting
https://www.streetwi...om/pub/na/17429
https://katusaresear...ty-gold-stocks/
http://portfolios.mo...holdings?t=GDXJ
anyway it is interesting
dharma
smithy , you mention 6 guys calling for a low. hardly alot calling for a low. and some of those guys are quite astute.
Darma, GDX bottomed on Thursday, tested the low into Tuesday and now on Wed the third wave up happened. I don't see any other way to see it.
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#77
Posted 10 May 2017 - 03:10 PM
The last I said if it goes down with poor daily cycles crash wave is 5 to 7 days, 7 days being this Tues.
We'll see how it develops if the thrust follows through, already made the 1000 I put up for margin call in two days
no big deal but could have done it better. Just wasnt sure of it with the better weekly cycle case looming.
"marxism-lennonism-communism always fails and never worked, because I know
some of them, and they don't work" M.Jordan
#78
Posted 10 May 2017 - 04:29 PM
huge transformation in daily cycle calculations, could be a phase transition where they will scatter in a rephasing and then
realign but would take some follow through to be confident of that, but then with the better weekly cycles it should be a
positive turn. So the weekly cycles are about the same it should be up between now and three weeks still a possiblity
to languish for 2 weeks. High still in 30 weeks, a first high could be in 8 weeks out.
"marxism-lennonism-communism always fails and never worked, because I know
some of them, and they don't work" M.Jordan
#79
Posted 10 May 2017 - 05:27 PM
ok russ i do see 5 waves, but that is the beauty of wave counting, there are diverse ways to see something
on another note. the gdxj is set to rebalance on june 16. they will have to sell 4 billion of junior miners. that is alot of stock and can and will create some buying opportunities . i found this perspective interesting
https://www.streetwi...om/pub/na/17429
https://katusaresear...ty-gold-stocks/
http://portfolios.mo...holdings?t=GDXJ
anyway it is interesting
dharma
smithy , you mention 6 guys calling for a low. hardly alot calling for a low. and some of those guys are quite astute.
Darma, GDX bottomed on Thursday, tested the low into Tuesday and now on Wed the third wave up happened. I don't see any other way to see it.
russ from the lowest point on that chart, which is in the center of that hourly chart , i see 5 waves up
if the low is taken out , it wont matter/ since this mornings high, there is consolidation. so we see what tomorrow
brings
dharma
#80
Posted 10 May 2017 - 05:52 PM
" smithy , you mention 6 guys calling for a low. hardly alot calling for a low. and some of those guys are quite astute."
Yes, dharma, but when they're all piled on one side of the boat I get flatulence.