859 replies to this topic

[Russ]

Gold is holding up pretty good, my signal for a low on March 31 is holding so far.   I have a friend in southern China in Zhuhai who owns 3 beauty salons which she had to close for 3 months, she has now opened them back up and says things in China are stabilizing now, I think China was more aggressive in fighting this virus, I saw videos of them dragging people out of apartments against their will and even welding entrance doors shut.   

[K Wave]

GDX 5 min trying to make the transition back into bull mode after what looks like a complex bottom formation at the back test of the now rising 900

 

Still have longer time frames to deal with, but getting 5 min back on the right path would be a start.

 

Back below 23 would not be good.

 

[linrom1]

 

Possible set up?

[dharma]

senor or stubaby or any one else  i had been counting the last low in spy/dia as 3 w/5 to come

but i can see it as a completed 5 wave decline. 

how are you looking at the broad market?

thanks

dharma

[stubaby]

senor or stubaby or any one else  i had been counting the last low in spy/dia as 3 w/5 to come

but i can see it as a completed 5 wave decline. 

how are you looking at the broad market?

thanks

dharma

Could be, but more likely is we are "in Wave 5" which itself will be 5 waves, IMHO

[senorBS]

senor or stubaby or any one else  i had been counting the last low in spy/dia as 3 w/5 to come

but i can see it as a completed 5 wave decline. 

how are you looking at the broad market?

thanks

dharma

I looked at that yesterday and was not sure if its 5 down done or we needed another 4/5. I slightly favor its 5 down but can easily see it either way. Not much help here

 

Senor

[K Wave]

GDX 5 min trying to make the transition back into bull mode after what looks like a complex bottom formation at the back test of the now rising 900

 

Still have longer time frames to deal with, but getting 5 min back on the right path would be a start.

 

Back below 23 would not be good.

 

SO FAR, SO GOOD!

[K Wave]

GC looks to have super important mutli-timeframe pivot set at 1600 level now...

 

As long as it holds, bulls still in control....but if it were to fail, I would run for the hills...

[dharma]

friends

i have been looking at the broad market as needing one more low to complete the pattern   we shall see

as for gold, i believe the public is losing full faith and confidence in the system as that gains momentum golds bull will take shape

tomorrows jobless # is going to be mind boggling

dharma

thanks for your response

[jabat]

CD Langley  ST view on SPX - 

 

 

• Well we're getting the correction I was anticipating.  I was early by a day, but that's almost expected

  We live in uncertain times, so I'm not even going to guess this is a B wave or wave 5 down.  Depends a lot on how bad the virus gets.... huge unknowns will continue to influence short term counts IMO.  But it was due for a pullback though.  Right now the momo is down.

  No less than 3 realistic counts here in different colors, .... but expect a bounce followed by more downside in all probability.  Then we'll seed

  

   
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