bottoming process continues
#431
Posted 22 February 2019 - 11:16 AM
#432
Posted 22 February 2019 - 12:05 PM
It has been a 6 months rise since the Aug 15th low of last year. Seems like we're due for an intermed peak before too long. A 30% pullback in time would be a 2 month correction.
FWIW I would be muy careful in already trying to suggest a top, we just recently broke out, mining merger mania appears to be underway, CRB looks to be in the early stages of a wave 3 daily, Copper broke out decisively this week, Plat looks very constructive and lastly the DXY looks ready to break sharply lower in at least a daily wave 3. Just an old hombres opinion
Senor
#433
Posted 22 February 2019 - 12:08 PM
I'm thinking GDXJ just finished wave b to 50% retrace of a, and we need a c down now.
#434
Posted 22 February 2019 - 12:14 PM
I'm thinking GDXJ just finished wave b to 50% retrace of a, and we need a c down now.
that count is there but I personally would not bet or plan on it, we see
Senor
#435
Posted 22 February 2019 - 12:15 PM
To clarify, this is micro-wiggles, i.e., the past couple of days. Today is the b.
#436
Posted 22 February 2019 - 12:22 PM
To clarify, this is micro-wiggles, i.e., the past couple of days. Today is the b.
I get it, I would not use it to exit any positions, only add "if" we get the possible "c" down
Senor
#437
Posted 22 February 2019 - 12:46 PM
To clarify, this is micro-wiggles, i.e., the past couple of days. Today is the b.
I get it, I would not use it to exit any positions, only add "if" we get the possible "c" down
Senor
your one wiley amigo
#438
Posted 22 February 2019 - 12:51 PM
To clarify, this is micro-wiggles, i.e., the past couple of days. Today is the b.
i think we are seeing a 5-3-5 zig zag unfold. my guess is we get two of them. time wise that looks best
#439
Posted 22 February 2019 - 12:53 PM
I agree, which means c is likely to be at least as long as a, and maybe 1.62, either of which would put us into the 4 of lesser degree and around 33 support.
Edited by hhh, 22 February 2019 - 12:54 PM.
#440
Posted 22 February 2019 - 12:55 PM
To clarify, this is micro-wiggles, i.e., the past couple of days. Today is the b.
I get it, I would not use it to exit any positions, only add "if" we get the possible "c" down
Senor
your one wiley amigo
LOL sometimes. often I would try to trade some of the wiggles, just too many bullish things I see as I posted, hopefully my eyes ain't deceiving me!
Senor