on a 15minute chart. it looks like we are in 4 here , w/5 to come. and that is my view unless the market gets above 118.61 gld. closing above there and i will think the lows are in . otherwise wave 5 dead ahead
dharma
bottoming action for the start of a big rally
Started by
dharma
, Jul 10 2018 09:45 AM
631 replies to this topic
#22
Russ
-
- Traders-Talk User
- 7,196 posts
Member
Posted 12 July 2018 - 03:44 PM
This Amex gold miners (what nugt is based on) chart argues we have seen the low in the gold stocks which should not go into a Sept high...
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"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/
"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/
#23
Russ
-
- Traders-Talk User
- 7,196 posts
Member
Posted 12 July 2018 - 04:14 PM
correction , above should read, gold stocks should NOW go up into a sept high.
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"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/
"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/
#24
gannman
-
- Traders-Talk User
- 6,948 posts
Member
Posted 12 July 2018 - 04:34 PM
there is a divergence in gld daily macd If we can get a nice 50 dollar shot here in gld
we are done . that ha ha is a big if
feeling mellow with the yellow metal
#25
gannman
-
- Traders-Talk User
- 6,948 posts
Member
Posted 12 July 2018 - 05:33 PM
i am following a chart of one of the miners and it says to me this sell off is done'
all fwiw until we can see a solid sustainable rally in the metal we have nothing
feeling mellow with the yellow metal
#26
SemiBizz
-
- Traders-Talk User
- 23,208 posts
Volume Dynamics Specialist
Posted 13 July 2018 - 07:44 AM
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#27
K Wave
-
- Traders-Talk User
- 26,790 posts
Member
Posted 13 July 2018 - 08:55 AM
GDX on the verge of its own Heavy Bomber moment???
It started off the week with a Bearish Engulfing on Daily chart after being soundly rejected at an extremely key level....and now if it closes under 22, it will print a Weekly Bearish Engulfing from that same very key level....
IF it closes under 22 today, I would be VERY worried about next week if I were still holding long....
And Silver continues to get pummeled to fresh lows after hitting its head, and getting rejected at each subsequently lower resistance level....
Sorry for the negativity, but I simply have not seen anything remotely bullish yet on Silver since the high volume Heavy Bomber day....
A lot of time left today. so let's see of if bulls can mount any sort of defense at the cliff edge.....
Silver back above 16 would be first sign bulls have anything at all...but if it does not happen soon, downside acceleration could begin as price starts to pull away from major former support zone....
Edited by K Wave, 13 July 2018 - 08:56 AM.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#28
K Wave
-
- Traders-Talk User
- 26,790 posts
Member
Posted 13 July 2018 - 09:00 AM
Also, USD CHF on the verge of it highest weekly close in over a year, and possibly kicking off the escape from the multi-year wedgie.....
Critical time here folks....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#29
K Wave
-
- Traders-Talk User
- 26,790 posts
Member
Posted 13 July 2018 - 09:03 AM
Alright, trying to bounce on GDX....looks like pivot for all the marbles now set at today's low
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#30
SemiBizz
-
- Traders-Talk User
- 23,208 posts
Volume Dynamics Specialist
Posted 13 July 2018 - 09:16 AM
Gold Contract SLAMMED ON BLOWOUT VOLUME AT THE LOW... ACCELERATING... DOWN WE GO...
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
