one more view trip to below 21 to complete 2
emerging wave 3?
Started by
dharma
, Sep 13 2017 10:07 AM
634 replies to this topic
#472
senorBS
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Posted 29 November 2017 - 04:13 PM
one more view trip to below 21 to complete 2
don't think so but cannot be ruled out
Senor
#473
dharma
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Posted 29 November 2017 - 04:13 PM
the thing is the miners have become very cheap compared to gold . when this tr ends i believe the miners will have outsized price discovery
the rubber band has become stretched in a direction
"buy when blood is running in the streets"
dharma
#474
dougie
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Posted 29 November 2017 - 05:32 PM
one more view trip to below 21 to complete 2
don't think so but cannot be ruled out
Senor
it does look stretched timewise
#475
senorBS
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Posted 30 November 2017 - 09:47 AM
gotta say so far the miner action in face of the early gold and silver decline is very muted in fact GDXJ is up and SIL just went positive, hmmm I think we are seeing some bueno action in what IMO is the very late stages of a muy importante bottoming process, we see
Senor
Edited by senorBS, 30 November 2017 - 09:50 AM.
#476
gismeu
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Posted 30 November 2017 - 12:12 PM
Well, the daily bottom should be in now, unless we make a lower low tomorrow,
but I don't think so.
The line in the sand is 1274 to 1275 Feb futures
bulllish above, ....
gis
If you can't buy Happiness, STEAL IT!
#478
dharma
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Posted 30 November 2017 - 02:09 PM
gdxj and slv both have hourly divergences from oversold gdx and gld do not
we are bottoming. or at least the action is indicating that
exuberance in the broad market
dharma
#479
senorBS
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Posted 30 November 2017 - 03:08 PM
gdxj and slv both have hourly divergences from oversold gdx and gld do not
we are bottoming. or at least the action is indicating that
exuberance in the broad market
dharma
very interesting potential SLV wave count, wave A down ended on Oct 6 at 16.42 - since then a wave B contracting tri ending on Nov 27, now a wave C thrust down below 15.42 and a bottom? we see, added a little GDXJ today
Senor
#480
gismeu
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Posted 01 December 2017 - 10:12 AM
Hi,
guess the vote or non vote on the senate floor today will decided if the daily bottom is in or not!
So far it is looking good, but it seems we can't break through monthly resistance which is
around 1279/1280.
If we can get above that I am bullish, otherwise I am cautious and want to see if the bottom really holds.
Plus we have option expiration so that might move things more than usual as well.
not trading advice, gis
If you can't buy Happiness, STEAL IT!
