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Near term patterns bullish?


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#41 Smithy

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Posted 26 September 2018 - 06:07 PM

Yeah, I realized my booboo after posting. God willing, we're seeing the secondary (Minor 2) low with the 7 year thingy.



#42 senorBS

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Posted 26 September 2018 - 06:27 PM

Yeah, I realized my booboo after posting. God willing, we're seeing the secondary (Minor 2) low with the 7 year thingy.

starting to think today's Dow/S&P drop could be the start of a large decline, if correct be interesting to see if Miner/gold follow or go inverse direction

 

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#43 Smithy

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Posted 27 September 2018 - 12:14 AM

".....   starting to think today's Dow/S&P drop could be the start of a large decline"

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My view is SPX down for a few weeks then uptrend resumes.



#44 senorBS

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Posted 27 September 2018 - 08:46 AM

Critical near term juncture here, IF the rally from 1160-1214 was 5 up (I think it was) this new decline low below 1187 should now be ending a wave 2 or B, conversely if we continue down significantly below 1180 gold is likely going below 1160 and it could get very ugly - huge day

 

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#45 SemiBizz

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Posted 27 September 2018 - 09:10 AM

Not over yet...

 

1190 support test on tap.

 

FAILURE...

 

XAU still holding critical 64 though, we shall see, the miners make the gold price.


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#46 senorBS

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Posted 27 September 2018 - 09:31 AM

"generals" acting well after perhaps exhaustion gaps on the opening, Nem /AEM/GG/ABX/Gold all higher, Nem came within 10-15 cents of the 9-11 decline low, GDX now unchanged, huge day

 

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#47 Smithy

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Posted 27 September 2018 - 12:03 PM

The ghost of Elvis  lol



#48 Russ

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Posted 27 September 2018 - 02:31 PM

"generals" acting well after perhaps exhaustion gaps on the opening, Nem /AEM/GG/ABX/Gold all higher, Nem came within 10-15 cents of the 9-11 decline low, GDX now unchanged, huge day

 

Senor

possible inverse H&S on GDX after it filled the Jan. 2016 gap earlier in Sept. 


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#49 Russ

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Posted 27 September 2018 - 02:41 PM

GLD chart that called the low in mid August has a trend for a low right now which suggests this is just a test of the Aug. low and Gold should rally off of this, also the gold stocks are diverging, the school of fish is changing direction. 


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#50 gannman

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Posted 27 September 2018 - 11:26 PM

i think with gld we are completing wave iii from april high 

 

and i expect a rally towards the 121 area for a wave iv 

 

fwiw getting there patience is required 


feeling mellow with the yellow metal