1292 replies to this topic

[senorBS]

 

 

it is "usually" not good to see a massive red candle just after a breakout attempt.....

 

GLD 15 min

 

Just to make it even "funner" there remains a possibility that todays intraday highs in GDX/GDXJ/HUI/XAU were only D of the contracting tri and Wave E down could be now starting - LOL

 

Senor

 

"they" could have some fun tomorrow with lets say GDXJ seeing a very sharp intraday decline down to close the gap near 58.50 and end wave E? that would be "fun"!

 

Senor

 

also this could now have SILJ in sync with the contracting tri party as it could have now ended wave "D" today and has a possible juicy wave "E" gap target at 14.95 to 15? Hmmm, muy interesting

 

Senor

[gannman]

the bank stocks look like crapola . citi got hit big time looks the worst of the group

 

alisdair mcleod had predicted a banking crisis before the end of the year. we will see

 

they try and keep information in that sector from leaking out that is for sure  i feel 

 

gold will be the actual inverse of those stocks

 

https://www.goldmone...sis-is-for-sure

Edited by gannman, 15 September 2020 - 04:20 PM.

[dougie]

i like the idea that this goes nowhere fast for a while yet tiring everyone out

[K Wave]

Another breakaway attempt this AM...let's see if bulls have better luck today....

[CHAx]

Another breakaway attempt this AM...let's see if bulls have better luck today....

 

Dont forget Fed Day today, the real moves are not going to happen in the normal London hours but in the Late New York session.

Edited by CHAx, 16 September 2020 - 08:47 AM.

[K Wave]

bulls thus far show no breakaway ability ...

 

starting to look a lot like a series of bearish upthrusts prior to a decline.....

 

stops are cranked down...bulls going to have to show me something VERY soon, or:

Edited by K Wave, 16 September 2020 - 09:25 AM.

[K Wave]

A graphic of the upthrusts....

 

[K Wave]

If bulls do not close GLD over 184 today, likely No Bueno short term....

 

Below 183 now would likely be a major warning shot across the bow...

[K Wave]

SLV 15 min near maximum compression...something coming real soon...

 

Still in potentially bullish config if the breakout comes upside.

 

But if it is down, those big air gaps below on longer time frames could very well come into play....while the 15 min would start to roll back over in unison.

 

Edited by K Wave, 16 September 2020 - 09:39 AM.

[CHAx]

Kwave-  Daily looks good though.  Flag in an uptrend, what usually happens? -- resolves in the direction of the trend.  This has got to be a good place for risk adjusted long swing.  Not saying go full leverage long by any means, but have to give benefit of doubt to the bull case IMO. 

 

 Another thought, calls/puts are quite cheap on the close dated contracts because implied vol is lower than it has been in months, and we know vol is likely to pick up in the next weeks/months or so, meaning a long straddle with a bullish bias might make sense.  Something like 3:2/2:1  calls:puts ratio (if one has a bullish bias inclination).  

 

Personally, I hate paying premium for leverage (hence I trade futures instead), but if it keeps most of your trading capital free, and lets you make a bias swing trade without fear, I think it could make sense.