1292 replies to this topic

[K Wave]

PL showing relative strength on this wave down, instead of increasing weakness like we saw in Feb

 

PPLT getting to the area where it hopefully starts to find some footing over next number of hours.....

 

 

Well it was....that move below 840 on PL futures potentially troublesome longer term.....if it just a quick overshoot downside that would be OK...but 840 is pretty much where PL needs to hold the line to keep things from flipping back into IT/LT bear mode

Edited by K Wave, 23 September 2020 - 01:01 PM.

[Russ]

KL my fave and biggest buy today acting nicely at 48.1 down less than 2%

I have multiple charts showing gold, gold stock indices and gold stocks going down into November same as last year, I consider these signals to be confirmed and expect gold to go down into the 1700's. 

 

 

[stubaby]

C=A on $XAU today:

 

http://schrts.co/WMgcNCrt

[senorBS]

Cash gold 12 hr RSI hit its lowest RSI level in March (15th) just a bit above 27, right now its near 23.5, that was near the low, just a tidbit

 

Senor

[senorBS]

Cash gold 12 hr RSI hit its lowest RSI level in March (15th) just a bit above 27, right now its near 23.5, that was near the low, just a tidbit

 

Senor

 daily RSI in March bottomed near the 31-32 area - couple daily lows down there, today daily gold RSI close near 33.15, just some perspective and it can always get more extreme

 

Senor

[senorBS]

C=A on $XAU today:

 

http://schrts.co/WMgcNCrt

nice, we'll soon see if a large ABC "might" be close to a low or we've got a lot more to go

 

Senor

[dougie]

BTW GDXJ needs to take out or at least get closer IMO to 54.94 - not too far away

 

Senor

 

this count still work? Or is 5 in and this is all a 2?

[dougie]

 

 

AGQ.....pretty please complete the pattern....back up the truck re-entry if it does...

 

I have some orders layered in that "gap Fill area", FWIW

 

http://schrts.co/JEuRuxPQ

 

SILJ had a nice gap fill at 13.57, also was looking at how much the SILJ/SLV chart had corrected vs the HUI/GLD chart. I will remind myself and others that IF this is not an ending corrective wave it is IMO a larger 3 - if I had more confidence I would "load the boats". I bottom fish with smaller positions, if I get 5 up from somewhere in this area then I LOAD.

 

Senor

 

I will remind myself and others that IF this is not an ending corrective wave it is IMO a larger 3???

I cant follow you there?

[senorBS]

 

BTW GDXJ needs to take out or at least get closer IMO to 54.94 - not too far away

 

Senor

 

this count still work? Or is 5 in and this is all a 2?

 

that is IMO a very good Q Dougie with no easy or obvious answer at this time. Could still be a 4, however we could already have a larger 5 up in place from March which would then easily allow a larger and further correction. 200-day MA's could very well be downside "magnets" here if we have considerably more downside correction to go - for example GDXJ 200-day MA currently at 45-46 area. 

 

Senor

[senorBS]

Hey guys I picked this up from another board and am just reporting them to you here and I am unable to verify readings or if they are all-time extremes, so take it FWIW

 

"ST Optix on GDX and J, 4 and 5, respectively. May be the lowest ever. Odds are that tomorrow will be up.

Slv Optix down 10 its to ONE. The lowest ever.