buy on friday was premature, bailed.
needs more time .
dharma
bottoming action for the start of a big rally
Started by
dharma
, Jul 10 2018 09:45 AM
631 replies to this topic
#342
SemiBizz
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Posted 13 August 2018 - 10:19 AM
Take a cruise, it will do wonders...
Don't think about gold for at least a few weeks.
This isn't going to "just go away".
Everything on sale, not just gold... massive liquidation into US$ is under way.
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
#343
Russ
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Posted 13 August 2018 - 02:10 PM
this trend is showing up in several charts, gold should reach a floor around 1175 or 110 gld next week but a bigger low may show up in oct/nov area, maybe a test of the 875 high of 1980....
Edited by Russ, 13 August 2018 - 02:11 PM.
"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/
#344
dharma
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Posted 14 August 2018 - 02:01 PM
thanks semi its always good to get away!
dsi back to 6 ties august 6th low
hgnsi =-27.27 which ties the low of october 16th
seems to me the selling needs to exhaust.
until then there will be pressure in the pm sector
ray dalio-https://www.bloomber...gs-in-gold-etfs
dharma
#345
Smithy
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Posted 14 August 2018 - 07:21 PM
Dharma, lowest DSI these last few days?
#346
dharma
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Posted 15 August 2018 - 10:35 AM
i dont have yesterdays dsi, but i would think it is lower and todays dsi will be lower still
the market is in full panic mode. whenever and wherever this bottoms , i think it will be aV
sitting on my hands. 1168,1153,1138 ,1123 are all support below.
this is panic. the baby gets thrown out w/the bath water
dharma
the market is in full panic mode. whenever and wherever this bottoms , i think it will be aV
sitting on my hands. 1168,1153,1138 ,1123 are all support below.
this is panic. the baby gets thrown out w/the bath water
dharma
#347
crossd
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Posted 15 August 2018 - 12:16 PM
ok ..i give up..what is a dsi?
donc
#348
Smithy
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Posted 16 August 2018 - 08:17 AM
Daily Sentiment Index - boosted by Prechter because it implies measuring swings of emotion.
http://www.trade-fut.../DsiReport.html
Pretty much indistinguishable from the daily RSI (5).
#349
Smithy
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Posted 16 August 2018 - 08:18 AM
Senor, you've been quiet. A penny for your thoughts?
#350
dharma
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Posted 16 August 2018 - 11:52 AM
big volume yesterday in gdx
after yesterday i am thinking the commercials are now long
the nature of this market is V bottoms. my plan is to wait for a 5 wave advance then a 3 wave pullback, much like the 08-09 period
we are mirroring that right now
first the crises , it is sold , then the rally. turkey is on the ropes qatar is pitching in 15 billion. yes its alot of money but turkeys
problems are huge
1183,1168,1153,1138 are the gann #s
dharma
after yesterday i am thinking the commercials are now long
the nature of this market is V bottoms. my plan is to wait for a 5 wave advance then a 3 wave pullback, much like the 08-09 period
we are mirroring that right now
first the crises , it is sold , then the rally. turkey is on the ropes qatar is pitching in 15 billion. yes its alot of money but turkeys
problems are huge
1183,1168,1153,1138 are the gann #s
dharma
