1292 replies to this topic

[dougie]

GDXJ: doesnt it look like we have three waves complete off the lows of March?

 

Likely 1,2, 3 we do a 4 in here then a final 5 before a correction into Dec?

 

Does that sound right?

 

Still could be an ABC but i dont see it

[gannman]

so gold is up 16  bucks on kitco and gld is down a little bit 

 

what kind of game is that 

[senorBS]

 

Dougie, the simplest count that supports the fundamentals is best. It seems this does neither

Smithy: i dont disagree but the poster usualy doe a good job, this is in line with Linrom i think

 

https://www.tradingo...-keep-climbing/

 

very low odds IMO on that chart/count being right, but some folks always seen to want pick a top or be bearish and deny an obvious bull trend. I may be "thinking" a near "trading" top is cloe by BUT I remain 40% long in a core position, just my take

 

Senor

[CHAx]

plat showing early weakness out of the gate.   Looks like sell into the fed news.  Buy any fed dip perhaps?  If it doesnt act well post-fed (need to see if asian markets follow through or counter trend), then it is probably safe to assume a couple of days of selling ahead of us.

Edited by CHAx, 29 July 2020 - 08:42 AM.

[senorBS]

 

well all i can say is this is fun fun fun i loves it 

 

my approach is morning was that if it takes out 

 

yesterdays highs we would move about 200 dollars 

 

well 182.83 is gone could this thing actually rally all the 

 

way up  to the 203 area on gld. seems incredible but never 

 

say never. anyway so far everyday my account is up i likes it 

I will reiterate that I think it very likely gold has 5 down from 1981 to 1906 and we are about done with a near term abc bounce (1955-1960 ending perhaps with one more upward subdivision basis 15 min chart?). I am a bull but I favor further correction, we see

 

Senor

 

So far appears to be playing out as the likely 5 down would suggest, I like the case an abc rally has ended near 1963, a sharp decline below 1945 IMO would suggest prices are headed below the 5 down low at 1906, lets see how it plays out

 

Senor

[K Wave]

SLV trying to gear up for assault on 25 area...which will likely be the peak area of this launch leg...

 

Back under 22.50 now, and that last blast may not happen....

Edited by K Wave, 29 July 2020 - 01:42 PM.

[dougie]

 

 

Dougie, the simplest count that supports the fundamentals is best. It seems this does neither

Smithy: i dont disagree but the poster usualy doe a good job, this is in line with Linrom i think

 

https://www.tradingo...-keep-climbing/

 

very low odds IMO on that chart/count being right, but some folks always seen to want pick a top or be bearish and deny an obvious bull trend. I may be "thinking" a near "trading" top is cloe by BUT I remain 40% long in a core position, just my take

 

Senor

 

cheers!

[dougie]

 

 

well all i can say is this is fun fun fun i loves it 

 

my approach is morning was that if it takes out 

 

yesterdays highs we would move about 200 dollars 

 

well 182.83 is gone could this thing actually rally all the 

 

way up  to the 203 area on gld. seems incredible but never 

 

say never. anyway so far everyday my account is up i likes it 

I will reiterate that I think it very likely gold has 5 down from 1981 to 1906 and we are about done with a near term abc bounce (1955-1960 ending perhaps with one more upward subdivision basis 15 min chart?). I am a bull but I favor further correction, we see

 

Senor

 

So far appears to be playing out as the likely 5 down would suggest, I like the case an abc rally has ended near 1963, a sharp decline below 1945 IMO would suggest prices are headed below the 5 down low at 1906, lets see how it plays out

 

Senor

 

now looks like we have three down , and 5 up so far

[dougie]

Something lke one of these two counts?

 

[dougie]

bearish count is the 123 is ABC