is PVG done getting sh#$ hammered you think?
wave 3
#1101
Posted 23 February 2020 - 09:03 PM
#1102
Posted 23 February 2020 - 10:15 PM
Dude: are you trading your opinion cause if you are you must have some deep pockets...
Actually, his chart is looking for 19.70, so if long here, he is doing just fine.
I am seeing shifts to bullish configurations happening in charts everywhere in the sector though, so 19.70 may not hold bull back for long.....
I am still on record that that back test of 16.50 on Silver was the bottom for some time time to come....
"I am not touching gold, but silver I am short now since 18.60." Linrom1
#1103
Posted 23 February 2020 - 10:16 PM
The Nikkei has me deeply worried folks
#1104
Posted 24 February 2020 - 02:40 AM
The Nikkei has me deeply worried folks
It looks like it could go down for 3 years and bear in mind that in 1989 when it peaked on Armstrong's pi cycle at 39,000 it is now about half of that, it never recovered from the 80's glory days, it looks like a wide head and shoulders on the chart...
Edited by Russ, 24 February 2020 - 02:41 AM.
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#1105
Posted 24 February 2020 - 07:21 AM
a calculation of the cycles with last nights futures extends the cycle 2 weeks,
it can do that right translating a long time so the use of cycles has fulfilled its capability
to get to this point and it cant do much more, just need standard methods, trendline breaks with divergences
from here.
"marxism-lennonism-communism always fails and never worked, because I know
some of them, and they don't work" M.Jordan
#1106
Posted 24 February 2020 - 08:33 AM
Action in PL getting a bit concerning now...a 4hour close under 960 would not look so good on that chart...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#1107
Posted 24 February 2020 - 09:00 AM
PL trying to bounce...needs to get back over 972 ASAP...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#1108
Posted 24 February 2020 - 09:08 AM
NUGT flyin' in the IRAs....like I said a while back, under 30 was likely going to be looked at as a steal down the road...
Once it clears 46, should be off to the races...
The time of under performing GDX may be just about done, and upside gearing effect hopefully just about to take hold....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#1109
Posted 24 February 2020 - 09:23 AM
Global economy will collapse.
This Covid-19 is a real global pandemic.
When the supply chain shuts down,
when people can not go to work, can not travel,
this is really the black swan event at the global scale.
Maybe WW3 is in the offing.
At a time when hostility is at a high point,
the pandemic could trigger something that can erupt
into full blown military confrontations between countries.
#1110
Posted 24 February 2020 - 09:23 AM
And it looks like the most speculative of the 3Xers may finally clear the 900 day today...JNUG now trading above it pre-open.
Once JNUG goes into bull gearing effect mode, could be an absolute monster to the upside.
Once it has established itself above 900 day, will look to start buying that one on scary dips....
Edited by K Wave, 24 February 2020 - 09:23 AM.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy