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


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#901 tradesurfer

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Posted 18 September 2019 - 11:38 AM

based on seasonality it would seem like the odds heavily favor gold skyrocketing north from mid september to end of september

 

http://www.equityclo...seasonal-chart/



#902 senorBS

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Posted 18 September 2019 - 12:27 PM

based on seasonality it would seem like the odds heavily favor gold skyrocketing north from mid september to end of september

 

http://www.equityclo...seasonal-chart/

that would fit well with "potential" 5th waves (at a minimum) I have mentioned to possibly complete a big 5 ups from May lows

 

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#903 senorBS

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Posted 18 September 2019 - 12:32 PM

No one mentioning the Fed being forced to do some repos to inject liquidity into system past few days - start of another 

round of QE? 

 

https://www.marketwa...tion-2019-09-18



#904 hhh

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Posted 18 September 2019 - 02:10 PM

GDXJ vs. gold is looking good at the moment. Big dive in both with only GDXJ recovering.



#905 senorBS

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Posted 18 September 2019 - 02:50 PM

looks like a possible classic Fed washout/fakeout news reaction spike low, with some stuff making a slight new low for this decline and others successfully "testing" recent lows, like I sad potential "classic" stuff, we see

 

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#906 senorBS

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Posted 18 September 2019 - 03:12 PM

buyin a little GDXJ in after hrs at 37, as always DYODD

 

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#907 dharma

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Posted 18 September 2019 - 03:16 PM

looking for a low around the equinox. yes the fed did do repos as senor points out.

i have been and continue waiting for a low and for a buy . as i expect a much larger upwave for the next wave.

dharma



#908 hhh

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Posted 18 September 2019 - 03:19 PM

Buys and sells often come in a few days before astro events.



#909 senorBS

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Posted 18 September 2019 - 03:36 PM

buyin a little GDXJ in after hrs at 37, as always DYODD

 

Senor

that late GDXJ decline in the last minute (fund sell?) and 10 minutes after close was weird, it did allow me to buy some shares at 36.98-37, today interestingly was the highest GDXJ volume since july 1 which was a wave 2 low on the way up, was today another key corrective bottom? 

 

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#910 senorBS

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Posted 18 September 2019 - 03:40 PM

looking for a low around the equinox. yes the fed did do repos as senor points out.

i have been and continue waiting for a low and for a buy . as i expect a much larger upwave for the next wave.

dharma

Gold basically double bottomed at 1482 today (now at 1493), one could say we had a wave B contracting tri from the first 1482 low on Sep 10, then todays thrust down from wave B apex to 1482 was a wave C (very slight failure), note 4-12 RSI hrs showin higher lows at oversold levels - tomorrow will be key as to whether today was or wasn't an important bottom

 

Senor