Member
Posted 11 September 2019 - 02:39 PM
tomorrow draghi brings out the bazooka. dont think it is priced in!
will the bazooka only fire bubble gum and be a disappointment?
japan has been firing bazookas for 20 years
whenever the turn comes, this time the shorts and missed bugs will pay up
this will be a more powerful move
dharma
Member
Posted 11 September 2019 - 07:14 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
Well opinions vary, in my opinion is it almost guaranteed that GDX will close that gap at 24 by Nov. but it could go lower than that too. Nov. should be a screaming buy. The oscillator signal on GDX is quite a strong one from what I see and I have been using the indicator since the 1990's. As I pointed out earlier GDX not being able to break above the 2016 high is not a strong point and now gdx has broken below it's channel.
Member
Posted 11 September 2019 - 08:14 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
Well opinions vary, in my opinion is it almost guaranteed that GDX will close that gap at 24 by Nov. but it could go lower than that too. Nov. should be a screaming buy. The oscillator signal on GDX is quite a strong one from what I see and I have been using the indicator since the 1990's. As I pointed out earlier GDX not being able to break above the 2016 high is not a strong point and now gdx has broken below it's channel.
Yep we all have our opinions and trade accordingly
Senor
Member
Posted 11 September 2019 - 09:14 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
Well opinions vary, in my opinion is it almost guaranteed that GDX will close that gap at 24 by Nov. but it could go lower than that too. Nov. should be a screaming buy. The oscillator signal on GDX is quite a strong one from what I see and I have been using the indicator since the 1990's. As I pointed out earlier GDX not being able to break above the 2016 high is not a strong point and now gdx has broken below it's channel.
Yep we all have our opinions and trade accordingly
Senor
Yes, NUGT is much lower now but I expect it to go even back the the 20 level. Looks at this chart with standard indicators for gdx, it is rolling over, got a ways to go yet in my view. I am just sitting on cash, I will move back in when I think it finished 'correcting' which should be Nov. We'll see but for now the train reversed and came back to a few stations to let people get back on.
http://schrts.co/ahaVtktI
Edited by Russ, 11 September 2019 - 09:16 PM.
Member
Posted 12 September 2019 - 02:06 AM
assuming wee are doing an ABC off the highs, getting to that gap Would NOT be expected IMO if we completed A down....
Member
Posted 12 September 2019 - 09:21 AM
Member
Posted 12 September 2019 - 10:27 AM
well draghi fired the bazooka ,
this could be a B or an impulse
if you are watching the market, all pullbacks have been followed by new highs
corrections have been short in time. i think the longest correction was 10 market days
when i posted that bowl pattern. the symmetry is uncanny i am looking for a vertical move soon
stay tuned
worldwide slowly folks are losing confidence in fiat. they have lost confidence in government
thus the populist movement its all a process and they are headed this way. beginning w/big
time institutional money managers. not going to drop names.
this move is for real . as gannman points out this is wave 3
dharma
draghi is in charge of the printing press and he is rolling it out!
https://gracelandupd...019sep12qe1.png
Edited by dharma, 12 September 2019 - 10:31 AM.
Member
Posted 12 September 2019 - 10:45 AM
well draghi fired the bazooka ,
this could be a B or an impulse
if you are watching the market, all pullbacks have been followed by new highs
corrections have been short in time. i think the longest correction was 10 market days
when i posted that bowl pattern. the symmetry is uncanny i am looking for a vertical move soon
stay tuned
worldwide slowly folks are losing confidence in fiat. they have lost confidence in government
thus the populist movement its all a process and they are headed this way. beginning w/big
time institutional money managers. not going to drop names.
this move is for real . as gannman points out this is wave 3
dharma
draghi is in charge of the printing press and he is rolling it out!
righto Dharma. bull mkts climb a wall of worry and its nice to see we are getting that, I continue to really like the SILJ/SLV chart and action - its telling me a big up move is imminent and to be long the silver miner sector which I am, long and strong
Senor
Member
Posted 12 September 2019 - 10:55 AM
Draghi was a big fade.
Member
Posted 12 September 2019 - 10:57 AM
senor mentioned the
well draghi fired the bazooka ,
this could be a B or an impulse
if you are watching the market, all pullbacks have been followed by new highs
corrections have been short in time. i think the longest correction was 10 market days
when i posted that bowl pattern. the symmetry is uncanny i am looking for a vertical move soon
stay tuned
worldwide slowly folks are losing confidence in fiat. they have lost confidence in government
thus the populist movement its all a process and they are headed this way. beginning w/big
time institutional money managers. not going to drop names.
this move is for real . as gannman points out this is wave 3
dharma
draghi is in charge of the printing press and he is rolling it out!
righto Dharma. bull mkts climb a wall of worry and its nice to see we are getting that, I continue to really like the SILJ/SLV chart and action - its telling me a big up move is imminent and to be long the silver miner sector which I am, long and strong
Senor
senor mentioned the dollar having a possible 5 move wave down. i am seening bottoming patterns in many commodities reminiscent of the 70s w/the bazooka fired,its obvious the eu is trying to inflate. the miners i put my $$ in remain firm my account is near its highs. and we are not yet in the time my work shows bottom(we are days away) this could be a B . not of it has changed my strategy. corrections remain short in duration and not that deep in price
dharma
linrom 1 may work out that way for $$ holders if you are in the euro your currency has been further debased!
