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[robo]

 

Kerberos007‏ @kerberos007

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Kerberos007 Retweeted Bloomberg Markets

This is what happens when speculators are all-in bullish $GOLD futures $GC. Massive Stop loss level triggered at around 1462. Weak hands shakeout, planned weeks ahead. I will be waiting at $1,400, all-in long. Magnet..

Kerberos007 added,

Bloomberg MarketsVerified account @markets

Gold futures tumbled to a three-month low as contracts equal to over 3 million ounces changed hands in half an hour https://bloom.bg/33BjnVD 

8:33 AM - 11 Nov 2019

 

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The magnet price for GLD is now up based on the data I use..... However, that is a guess since the current trend for GLD is down, SPY up, and VXX down. That's how I will be trading it until the trend changes.... 

 

There are lots of warning signs that are hitting extremes so I went to cash, but my system remains long....  A Risk Management move for me....

 

Good Trading!

 

 

 

https://stockcharts....271&a=699316839

Edited by robo, 11 November 2019 - 01:02 PM.

[da_cheif]

 

 

Kerberos007‏ @kerberos007

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Kerberos007 Retweeted Bloomberg Markets

This is what happens when speculators are all-in bullish $GOLD futures $GC. Massive Stop loss level triggered at around 1462. Weak hands shakeout, planned weeks ahead. I will be waiting at $1,400, all-in long. Magnet..

Kerberos007 added,

Bloomberg MarketsVerified account @markets

Gold futures tumbled to a three-month low as contracts equal to over 3 million ounces changed hands in half an hour https://bloom.bg/33BjnVD 

8:33 AM - 11 Nov 2019

 

•  

 

 

The magnet price for GLD is now up based on the data I use..... However, that is a guess since the current trend for GLD is down, SPY up, and VXX down. That's how I will be trading it until the trend changes.... 

 

Good Trading!

 

 

 

https://stockcharts....271&a=699316839

 

thats a bullish looking gold chart....nice hi volumn C wave decline    and in the face of that the GDX is up

[robo]

Whipsaw city for those that continue to try and short a market that is clearly trending up...... LOL...  I just go to cash and wait for the trend change, but others are always guessing on the market's next move. I get it that they are using tools to make these guesses,  but they should be used as warning signals. The trend remains up until it's NOT....  I just call it gambling! However, day-traders can have fun, but most lose money anyway - but not ALL!..... 

 

Day 22 of my buy signal, and the trend remains up NO MATTER how much you hate this market.....

 

 

https://twitter.com/...erp|twgr^author

Edited by robo, 11 November 2019 - 01:23 PM.

[robo]

thomas‏ @* 17m17 minutes ago

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So... my work is volume based... all these bear arguments you hear about "light volume" new highs... take with a grain of salt... take it from me... LIGHT VOLUME HIGHS are BULLISH in a BULL TREND... it takes STRONG and SUSTAINED VOLUME to take this market DOWN...

 

https://twitter.com/VolumeDynamics

 

This is the best trading advice I have read in sometime.....  The trend remains up until its NOT!

 

Have a nice day.......  Thanks to all the veteran's and go get a free lunch somewhere....  You sure earned it!

 

Edited by robo, 11 November 2019 - 01:50 PM.

[hhh]

I think Edwards and Magee started the low volume rise is bearish myth. Why, I don't know. Maybe it used to be like that.

[da_cheif]

low volume rise is bullish      ....   ease of advance    .....no sellers......they allways show up at the bottom when fear reigns supreme....a high volume sharp advance   backed by good news is when the public is invited in.....the high volume is the boys supplying borrowed invintory   (ie short selling)   .....then they take it down

[12SPX]

According to my analysis, we have one more impulse up this week and I'm thinking Tuesday-Thursday to perhaps down to 3053 then up to 3115.  I'm thinking we start a 20% bear into early Feb 2020 and could be down 7.8% by Nov 22 and even lower by Dec 11.  Just my two cents.  The upside breakout smacks of an irregular B wave, which is common for B's and 4's to be trend line breakers. According to the rules of Elliott, this is a sucker's play right here. Looks to me that the suckers are going to have one last hurrah, after all it is NOV OPEX.

Not sure about all that but for this expiration cycle end, there are higher odds of it being a down week then up because of the way trading has gone.