475 replies to this topic

[Smithy]

Mon morning 10 am EST

 

[Smithy]

The RPW is usually a reversal pattern but can occasionally be continuation. Direction determined by the break of either point 5 or 6.

An upside break may confirm the low.

 

[Smithy]

[Smithy]

Yesterday, Monday,and today, gold shares keep pulling downwards and gold doesn't follow.

Traditionally gold shares lead gold.

[Smithy]

Intraday HUI:GLD against GLD as at Tues 12 noon EST

 

[Smithy]

Received this freebie from Eric Hadik noon today, Tuesday.

 

[Smithy]

GDXJ looking like key reversal day

[Smithy]

Saturday 12/21

 

Bunch of bearish factors surfaced on Friday. Weekly key reversal on palladium, platinum down $25, bearish closes on GDXJ, SILJ and others, HUI:Gold ratio diverging bearishly against gold. Seems to me Capt E-wave's count remains a possibility.

Comments welcome.

 

[dougie]

yeah that scenario if favoourd by quite a few

[Smithy]