859 replies to this topic

[dougie]

[Russ]

and lets say we pull back 55 on the hui to the 255 area from 310 then if the next leg 

 

was 1.6 of the first we could add 233 to the 255 to take us to the 485  area for a wave iii rally

 

its all just number but it is one possible scenario 

I have a trend on GLD for a possible low around June 15 +/- a day or two. 

[gannman]

thanks russ

[K Wave]

Bitcoin at interesting juncture this morning.....

 

Was that a massive "Shake It" in March, and we are now in the "Before You" stage, and about to enter the "Bake It" stage???

 

Hourly

 

Daily

Edited by K Wave, 02 June 2020 - 07:55 AM.

[senorBS]

 

and lets say we pull back 55 on the hui to the 255 area from 310 then if the next leg 

 

was 1.6 of the first we could add 233 to the 255 to take us to the 485  area for a wave iii rally

 

its all just number but it is one possible scenario 

I have a trend on GLD for a possible low around June 15 +/- a day or two. 

 

Before we talk about "lows" how bout when/where this stuff tops "if" it does in any meaningful way. 

 

Senor

[K Wave]

2nd backtest of 880 level on PL under way.

 

I was OK with with 1, but this one needs to be watched closely

 

Failure to hold yesterday's breakout could bode ill for PL near term.....

[K Wave]

PL and BTC both acting quite suspect thus far today....

 

Ouch....

 

Not quite broken...yet

 

[dharma]

dsi 

silver =93   a bit frothy

gold =75

plat =80

crude=77

silj and sil on 9bar wilder rsi have daily divergences. now in bull markets these occur only to see the market push higher. and take out the divergences.. so we see. "sell in may and go away"  that pertains to all the markets. . i am looking for a top very soon, and some kind of retest of the lows on the broad market . prompting fed action. 

miners are still severely undervalued. when gold was here in 10 miners were in the 60s on gdx 

seasonal silver http://www.321gold.c...060220/1_sm.jpg    https://seasonalchar...ics_silber.html

platinum is still underperforming  it will wake up one day

dharma

[K Wave]

Looks like my bad feeling about PL was justified.

 

A lot of things now reminding me way too much of Mid-Feb.....

 

Nasty looking throwover on NQ this AM as well, got off a bunch of shorts a bit above 9600.

Could turn out to be more than a couple day hold with way things are shaping up today.

If NQ 9400 goes by the wayside, likely to get dicey for a bit in everything...

[gannman]

it looks to me like the hui is doing an abc off of the top 

 

on may 20 which i believe will be over shortly fwiw

 

this would be a wave iv imo and then head up to 310 area

 

we will see