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golds next leg higher


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#841 dougie

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Posted 28 June 2020 - 09:01 PM

plase share your favourite outperfomers

 

here is mine: wish i had more is my mantra

http://schrts.co/eAUEmkNd


Edited by dougie, 28 June 2020 - 09:02 PM.


#842 K Wave

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Posted 29 June 2020 - 08:48 AM

Silver just cannot take out that roof....



#843 EHW

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Posted 29 June 2020 - 09:13 AM

My favorite outperformer is SAND.



#844 gannman

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Posted 30 June 2020 - 09:12 AM

i have good buy signals with time segmented volume in this sector fwiw

 

i think it is going to run


feeling mellow with the yellow metal


#845 gannman

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Posted 30 June 2020 - 09:17 AM

https://www.tc2000.c...44-242a760bfaa8

 

 

you can see gdx crossing up thru the ma bullish signal 


feeling mellow with the yellow metal


#846 gannman

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Posted 30 June 2020 - 09:45 AM

that should have been tsv not gdx


feeling mellow with the yellow metal


#847 gannman

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Posted 30 June 2020 - 10:17 AM

well yipee wave 3 fully in force 


feeling mellow with the yellow metal


#848 gannman

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Posted 30 June 2020 - 12:28 PM

might be close to a short term top in the hui key word short term 

 

target is 450 area 


feeling mellow with the yellow metal


#849 flyers&divers

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Posted 30 June 2020 - 06:50 PM

Two ingredients are important to the continuation of a move once it is underway:

GDX sits on top of the 20d and 50d averages so it is qualifies to be in an uptrend.

 

1.) The particular issue (I am looking at GDX) has to be on a relative bases stronger then the overall market to be able to launch a new leg of the move

As a move unfolds in up and down waves in both the big market and GDX this aspect fluctuates specially when the bigger overall market is aggressively pulled in opposite directions on a daily bases.

In this respect at the moment GDX is stronger then the market.

 

2.) The flow of funds has to be gaining strength.

I looked at components of the GDX that have not run away yet or are not laggards either, basically the charts look similar to the GDX 30 or 60 minutes charts.

All, GDX, NEM, KL, AUY, WPM, PAAS, AEM etc show strong increase in the money flow index. (may not be visible on D charts).

 

This means that if the overall market stalls or stays weaker even for a few days the anticipated downswing in GDX will be short cut and the upmove will continue.

Today and tomorrow should be the sweet spot for the turn. 

 

Regards

F&D

This has been following the script.

As long as the flows of funds are positive ( we can judge during a pause) it should gather steam.

 

F&D


"Successful trading is more about Sun Tzu then Elliott." F&D

#850 dougie

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Posted 30 June 2020 - 10:19 PM

 

Two ingredients are important to the continuation of a move once it is underway:

GDX sits on top of the 20d and 50d averages so it is qualifies to be in an uptrend.

 

1.) The particular issue (I am looking at GDX) has to be on a relative bases stronger then the overall market to be able to launch a new leg of the move

As a move unfolds in up and down waves in both the big market and GDX this aspect fluctuates specially when the bigger overall market is aggressively pulled in opposite directions on a daily bases.

In this respect at the moment GDX is stronger then the market.

 

2.) The flow of funds has to be gaining strength.

I looked at components of the GDX that have not run away yet or are not laggards either, basically the charts look similar to the GDX 30 or 60 minutes charts.

All, GDX, NEM, KL, AUY, WPM, PAAS, AEM etc show strong increase in the money flow index. (may not be visible on D charts).

 

This means that if the overall market stalls or stays weaker even for a few days the anticipated downswing in GDX will be short cut and the upmove will continue.

Today and tomorrow should be the sweet spot for the turn. 

 

Regards

F&D

This has been following the script.

As long as the flows of funds are positive ( we can judge during a pause) it should gather steam.

 

F&D

 

thanks for this excellent analysis