the tree grew around the limb, change of season
Started by
dharma
, Sep 23 2019 09:51 AM
977 replies to this topic
#402
dharma
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Posted 22 October 2019 - 10:47 AM
i am on the fence here in the short term i nrlirbr 1444 is the magnet
the nice thing is the time on the downside is being chewed up by sideways action
in spite of what the fed members are saying the odds are high for a 1/4 cut on the 30th
the patterns remain bullish on the charts. lets see what happens
dharma
#404
dougie
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Posted 22 October 2019 - 01:16 PM
Wave count (using $XAU) to finish-up Wave 2 of 3, FWIW Target range is 68.8% FIB or somewhat below in an overthrow to be bought, IMHO
nice count stu brings us right into Dec lows wjich is the norm
Are you out or hedged here?
#405
stubaby
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Posted 22 October 2019 - 04:10 PM
Wave count (using $XAU) to finish-up Wave 2 of 3, FWIW Target range is 68.8% FIB or somewhat below in an overthrow to be bought, IMHO
nice count stu brings us right into Dec lows wjich is the norm
Are you out or hedged here?
Still have same core holdings (50% long) - just waiting to redeploy from when I went "off" leverage in July
#406
stubaby
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Posted 22 October 2019 - 04:11 PM
Wave count (using $XAU) to finish-up Wave 2 of 3, FWIW Target range is 68.8% FIB or somewhat below in an overthrow to be bought, IMHO
nice count stu brings us right into Dec lows wjich is the norm
Are you out or hedged here?
Still have same core holdings (50% long) - just waiting to redeploy from when I went "off" leverage.
#407
dougie
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Posted 23 October 2019 - 12:59 AM
Thanks Stu. Suspect down starts in earnest manana
#408
AChartist
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Posted 23 October 2019 - 05:24 AM
Dont want to give any false hope, the strong weekly cycles are lined up in time now,
it can react down one time with the shorter term daily cycles falling this week, and relay up to the positive long term cycles.
Not much help but if you see a good initiation up should be real.
"marxism-lennonism-communism always fails and never worked, because I know
some of them, and they don't work" M.Jordan
#409
gannman
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Posted 23 October 2019 - 08:48 AM
Thanks charts I am thinking the same thing
feeling mellow with the yellow metal
#410
senorBS
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Posted 23 October 2019 - 09:34 AM
Thanks charts I am thinking the same thing
same here as I have watched the negative sentiment build here the past few days
However I am not complacent AT ALL and I will exit much of my long position on any significant downside reversal today, for me this is do or die time. Does not get much better than being long here with a fairly tight stop IMO
Senor
