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out on a limb! bottom for wave 2 in !?


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#761 senorBS

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Posted 11 September 2019 - 07:29 AM

Hey senor SILJ should at least achieve a double from here to 20

The SILJ to SLV ratio looks like an inverse h and s on the monthly and we have not seen anything close in this ratio as was seen in 2016 when there were 3 huge upwards monthly bars

exactly amigo, if a true bull 20 does seem muy likely and I keep harping on that SILJ/SLV chart because of the beautiful story I believe it is telling, we yet have seen nothing close to the 2016 rally and I believe something more similar could lie dead aheadyes.gif

 

Senor


Edited by senorBS, 11 September 2019 - 07:30 AM.


#762 K Wave

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Posted 11 September 2019 - 09:11 AM

GLD finally looking like possibly some sort of low being put in this AM.

 

Would like to see  GDX GDXJ confirm soon


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#763 senorBS

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Posted 11 September 2019 - 09:11 AM

added FSM at 3.49 as I like the chances it is ending a very large ABC correction after 5 up at the 3.45-3.50 area, also added KL below 44, as always DYODD

 

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#764 dharma

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Posted 11 September 2019 - 10:33 AM

i use a 9bar rsi , yes, there are some whipsaws, but it gets me in fast. no hourly divergences on gld but there are some on gdx

my account , which is what affects me the most was up big yesterday and today. so miners are leading

of concern is the h&S mini top on the daily gld chart it projects to 1479 so somewhat lower, for me time is the determining factor and i have more time for this correction. 

dharma

first president i can remember to call the fed by their true name"bonehead"  beautiful  finally

of course the gmen deficit spending is a cause of the whole mess. along w/the feds miscalculations



#765 dougie

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Posted 11 September 2019 - 12:12 PM

not seeing any positive divergences yet in SILJ. Looks like we need another wave down at least IMO

BWDIK?



#766 K Wave

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Posted 11 September 2019 - 01:35 PM

Miners still not lighting any fires....

 

This GLD pop may not last long.....


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#767 Russ

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Posted 11 September 2019 - 02:02 PM

not seeing any positive divergences yet in SILJ. Looks like we need another wave down at least IMO

BWDIK?

The big gap on GDX around $24 is calling, Nov. should be the low. 


"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
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#768 ryanoo

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Posted 11 September 2019 - 02:07 PM

 

not seeing any positive divergences yet in SILJ. Looks like we need another wave down at least IMO

BWDIK?

The big gap on GDX around $24 is calling, Nov. should be the low. 

 

it may first move up to 30 or so for the right shoulder to form?   Filling the gap after will be a nice target for H&S



#769 senorBS

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Posted 11 September 2019 - 02:30 PM

Miners still not lighting any fires....

 

This GLD pop may not last long.....

Good, looking at this as a "bottoming process" as always, can't say if final low is yet in or we may need a "little" more work, IMO however we are close enough and I prefer not to be "watching" too empty handed as the next leg higher unfolds, of course I could be wrong but no risk no reward, as always DYODD

 

Senor



#770 senorBS

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Posted 11 September 2019 - 02:36 PM

 

not seeing any positive divergences yet in SILJ. Looks like we need another wave down at least IMO

BWDIK?

The big gap on GDX around $24 is calling, Nov. should be the low. 

 

 

VERY low odds GDX s goin to 24, if it goes that low I am lookin for 17

 

Senor