631 replies to this topic

[stubaby]

 

dharma:

 

My count has us in Wave 3 of C of 4 of C of 2 - could finish up C of 4 tomorrow and set the stage for the final Wave 5 of C down to complete 2, all IMHO.  Today's strength is what you would expect for a C Wave finish to a major countertrend Wave 4, FWIW

 

stu

 

Note: First complete 5 Wave-up off of yesterday morning's low could be only Wave 1 of C of 4  - which would give higher Wave 4 completion targets

Two weeks later can confirm now Wave 4 of C of 2 complete - in Wave 1 of Wave 5 of C of 2 down - my target is around 120 and sometime in December for $HUI bottom of Wave 5 of C and completion of Wave 2, FWIW

 

http://schrts.co/gihdgD

 

 

stu

 

Wave 1 of 5 of C of 2 down complete yesterday - now in Wave 2 - already hitting the 50% FIB  on $XAU - expect sideways to lower choppy, back-n-forth trading - protentially building out one or more right shoulders and setting-up for Wave 3 of 5 of C of 2 down later this month, all FWIW

 

stu

[denmo83]

 

 

dharma:

 

My count has us in Wave 3 of C of 4 of C of 2 - could finish up C of 4 tomorrow and set the stage for the final Wave 5 of C down to complete 2, all IMHO.  Today's strength is what you would expect for a C Wave finish to a major countertrend Wave 4, FWIW

 

stu

 

Note: First complete 5 Wave-up off of yesterday morning's low could be only Wave 1 of C of 4  - which would give higher Wave 4 completion targets

Two weeks later can confirm now Wave 4 of C of 2 complete - in Wave 1 of Wave 5 of C of 2 down - my target is around 120 and sometime in December for $HUI bottom of Wave 5 of C and completion of Wave 2, FWIW

 

http://schrts.co/gihdgD

 

 

stu

 

Wave 1 of 5 of C of 2 down complete yesterday - now in Wave 2 - already hitting the 50% FIB  on $XAU - expect sideways to lower choppy, back-n-forth trading - protentially building out one or more right shoulders and setting-up for Wave 3 of 5 of C of 2 down later this month, all FWIW

 

stu

 

You're doing a nicely detailed analysis of where you see the metals. Thanks for sharing it.

[dharma]

is the whole pattern from august -october an island reversal pattern

stu

definitely a possibility. 

we see how this resolves

dharma

[Russ]

I think Eric Hadik is going to be right, gold will rally into mid Nov., perhaps about Nov. 14 and Dust has a trend to bottom then...  

Edited by Russ, 03 November 2018 - 09:02 AM.

[dharma]

cots

http://news.goldseek.../1541186760.php

these cots look very constructive for a rally

in the dollar the commercials are extremely lopsided short the dollar

dharma

[senorBS]

cots

http://news.goldseek.../1541186760.php

these cots look very constructive for a rally

in the dollar the commercials are extremely lopsided short the dollar

dharma

possible double top in DXY last week, just noticed long term rates (TYX) surged to new decade or so highs last week and TNX and FVX look to follow soon - gotta feelin this time around rising rates will not be dollar bullish, next week is huge for gold/miners as we could go a long way in finding out if this is a large wave 3 higher ot a corrective rally could end

 

Senor

[jabat]

EOM October 2018 Sentient Trader (ST) projections for Gold

 

 

[dharma]

on the 8th jupiter moves into sagg for the next year. jupiter rules gold it is the planet of wealth from fixed assets . it also represents knowledge and wisdom. this is an indicator of inflation. during the next year. gold prices should see a rise

dharma

[Smithy]

Any comments on venus direct on 16th?

[dharma]

venus going retrograde started the decline in the braod market, so it going direct should halt the decline and begin /resume a rally

venus=finances. 

whats worrisome is the extreme in margin debt . in 02 and 07 margin debt was at extremes and caused a pull back. a rally here to even new highs would just be  a Bwave. i think a larger decline awaits the market in 19

http://www.graceland-updates.com/images/stories/18nov/2018nov6bigpic1.png sure the validity of this chart can be debated. edwards and mcgee say that an inverse h&s indicates the bulls and bears fought and the down move has ended. armstrongs theory is the dollar will go to heights for many reasons including the large synthetic short position, and thus push gold under 1k.  could happen.??!!?!  right now it looks to me like the pm sector is carving out a bottom , its tenuous. but that is my view at this point.i would like to see the market start impulsing higher. 

well today is the election . trump got elected w/a slogan of "draining the swamp" oh yeah its a swamp all right. not sure any of the contenders for the house/senate are going to do that.   although it is encouraging that gs was brought to trial in brooklyn vs lower manhattan(which they own) and they lost!

dharma