678 replies to this topic

[Smithy]

60/50 chance that overnight was the B wave rally in silver (thank you Dharma) with lower prices to come.

Today/tomorrow should make or break that scenario.

[dougie]

or this could all be a b of A

[ryanoo]

gdx 60m looks like a 5w down by today's close.  stk indices have bearish candlesticks, shooting star?  

[senorBS]

was gone for the last hr, just added some GDX after hrs at 27.32, as always DYODD

 

Senor

[Smithy]

Friday morning - spot silver 17.65

 

For GDX, if A = C then the target is 25.2.  Perhaps support at 26 will hold.

[Smithy]

Senor, my thinking is more like this.

 

[senorBS]

Friday morning - spot silver 17.65

 

For GDX, if A = C then the target is 25.2.  Perhaps support at 26 will hold.

My thinking is 38% retracement "areas" of large wave 3's (in most cases) are more likely to mark the bottom of this decline then "A=C" projections, bottom line is declines are corrective looking if the area of Fridays lows do mark a bottom - so wave C's in many cases could simple be truncated, my dos centavos FWIW

 

Senor

[dougie]

the boys may well have run a few stops Friday...we will know soon enough

[AChartist]

I am staying long with high cycles peaking in 8-9 weeks problem is nasty 26 weeks cycle down and more down later,

 

is hope this 26 week can alternate or invert because it has hit every time an inversion could be due.

 

If it doesnt work right now btc has cycles coming online an appears to be started with an alt coin season.

[Smithy]

Edited by Smithy, 17 September 2019 - 08:28 PM.