1289 replies to this topic

[linrom1]

 

Divergences.....and I am not Semi, volume expert, but volume on this up move sucked. It should be absolutely surging. If this upmove was for real, this would be wave 3 of something.

[gannman]

if this thing has been doing an abc since sep 4 as i think it has 

 

gld is in a very bullish situation . this c wave has hardly pulled back 

 

at all. excited about next week to see what occurs . we will see 

[dougie]

 

Divergences.....and I am not Semi, volume expert, but volume on this up move sucked. It should be absolutely surging. If this upmove was for real, this would be wave 3 of something.

agree. this is a b with c down to comme imo

[dharma]

found this chart interesting

https://pbs.twimg.co...ng&name=900x900

dharma

[dharma]

hadik @ 53.56 https://pbs.twimg.co...ng&name=900x900

i am not in agreement w/his view of this rally which he is counting as a C 

dharma

 

first takeover cgoof by ziin 33% premium approx my only s/american miner    adios taking place  i believe this week  is the closing initiated 12/2

[gannman]

well there is plenty of room to go here and in my gut it feels bullish fwiw 

[K Wave]

Hopefully after last week's dismal performance by the miners, no one is surprised by the action here today.

That hour of power fold up the tents on a Friday was just awful action, after stunning miner underperformance since the IRAN event.

 

Looking ahead, SI now looks to finally be taking aim on the hourly 900 down around the $17.50 level that I have been mentioning as a possible pullback target.

 

Below $17.50, and it will start to look a lot more bearish intermediate term.

So let's hope bulls can hold that important line in the sand....

 

Ideally, would like to miners start to firm up as the wave down in the metals unfolds...we'll see what happens today.

A daily close under 28 on GDX now would open door to perhaps much lower prices.

 

All that said, any move back above Friday's swing high in GDX/GDXJ would likely be an extremely bullish event.

[K Wave]

Ideally, would like to miners start to firm up as the wave down in the metals unfolds...we'll see what happens today.

 

So far, so good...

[senorBS]

I think wave 2 may have bottomed in SLV this morning at 16.46 potentially completing a correction of the large 5 up from 15.44 to 17.21. Lots of near term corrective declines in stuff like GDXJ/GDX/XAU/SILJ have IMO a good chance to have ended this morning as well, we see and I am loaded up now

 

Senor

[gannman]

sure looks like a bottom to me beautiful bottom lne be long this sector

 

we are just at the beginning of a huge huge move and i am talking about 

 

years 

Edited by gannman, 21 January 2020 - 10:48 AM.