Member
Posted 01 July 2020 - 08:40 AM
PL backtested broken 2 hour 200 overnight....that needs to hold now as the final pre-launch pivot if bulls are going to win out here.
Another move above 860 on PL would likely mean bull have turned the tide on PL....
Back below 830 now, and more frustration for bulls possible....
Edited by K Wave, 01 July 2020 - 08:40 AM.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 01 July 2020 - 08:46 AM
Chart is a bit squished, as it goes back a long way, but super important area for SLV.
Bulls need to push through all the resistance and turn the 200 and 900 up in unison to turn the Long Term corner here...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 01 July 2020 - 09:01 AM
So far.... SLV looking like Feb Throwover Deja Vu
Holding the 15 min 200 / broken trendline on a pullback is super important here.
Failure to do so could have ugly consequences for bulls.
Let' see if they can actually step up this time after years of failed attempts.....
Edited by K Wave, 01 July 2020 - 09:01 AM.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 01 July 2020 - 09:46 AM
Ok....there is the long tailed reversal stick at the KEY level.
As long as that stick holds, bulls still have the ball.....
Edited by K Wave, 01 July 2020 - 09:47 AM.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 01 July 2020 - 09:49 AM
dsi although jake charges alot for this tool , it seems like its worth it for short term trading!
gold=91
silver=89
plat=78
corn=37
wheat=24 food way out of favor. its coming wait for it.
yesterday was a great day, and we got overdone on frothy sentiment so far seems like a normal correction. i am waiting to buy as i
believe we are approaching 3of 3 the captain says we are therehttp://www.321gold.c...wave070120.html
whats most interesting to me is if you look at todays gold price and the price of gdxj and then go back to 11 when we were at these prices gdxj , gdxj was 100 points higher then. so whats changed? market sentiment back then was obviously more friendly to the market. imo , the gdxj is severely undervalued and i am using corrections to add . like today. i keep things on my charts in %terms so i can see at a glance what is behind the woodshed. corrections will be part of the process until we are in the parabola which is still years away. be sure your miners are in jurisdictions that have a history of capitalism. i cant help but think governments who are cash starved will not nationalize cash cows.
yesterday was the shot across the bow. and we got frothy . canada is closed today, its independence day. to these eyes the trend is clear and getting lucid. 3of3
dharma
although full moons can produce highs
Edited by dharma, 01 July 2020 - 09:52 AM.
Member
Posted 01 July 2020 - 10:00 AM
Dharma, thanks for your thoughts as usual. Always look forward to them.
Free DSI here
Member
Posted 01 July 2020 - 10:06 AM
Dharma, thanks for your thoughts as usual. Always look forward to them.
Free DSI here
Thanks for the link!
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 01 July 2020 - 10:26 AM
smithy, thanks thats a score
seems canada closed the banksters come out to play. 5 symbol stocks not trading
dharma
Member
Posted 01 July 2020 - 10:46 AM
dsi although jake charges alot for this tool , it seems like its worth it for short term trading!
gold=91
silver=89
plat=78
corn=37
wheat=24 food way out of favor. its coming wait for it.
yesterday was a great day, and we got overdone on frothy sentiment so far seems like a normal correction. i am waiting to buy as i
believe we are approaching 3of 3 the captain says we are therehttp://www.321gold.c...wave070120.html
whats most interesting to me is if you look at todays gold price and the price of gdxj and then go back to 11 when we were at these prices gdxj , gdxj was 100 points higher then. so whats changed? market sentiment back then was obviously more friendly to the market. imo , the gdxj is severely undervalued and i am using corrections to add . like today. i keep things on my charts in %terms so i can see at a glance what is behind the woodshed. corrections will be part of the process until we are in the parabola which is still years away. be sure your miners are in jurisdictions that have a history of capitalism. i cant help but think governments who are cash starved will not nationalize cash cows.
yesterday was the shot across the bow. and we got frothy . canada is closed today, its independence day. to these eyes the trend is clear and getting lucid. 3of3
dharma
although full moons can produce highs
I have us in minor wave 2 at the 23.6% FIB off of the June 15th low to June 30th high which was minor wave 1- on $XAU
GLD and SLV both simply testing breakout levels = very bullish!
stu
Member
Posted 01 July 2020 - 11:10 AM
GLD and SLV both simply testing breakout levels = very bullish!
stu
Yes, potentially...if the test is successful.
So far so good...but a lot of the day left yet...
After years of failed breakouts, forgive me for being just a bit gunshy 
Edited by K Wave, 01 July 2020 - 11:10 AM.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
