backtesting 1 min 900 on SLV right now at 25.30 area...if this stops the bulls, could be first warning....
3of 3 front and center
#971
Posted 16 September 2020 - 02:08 PM
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#973
Posted 16 September 2020 - 02:28 PM
after the last fed meeting , it wasnt till the next day that the trend asserted itself.
slowly breaking down here. we will see if it has meaning or is a fakeout
tomorrow we should know
dharma
#974
Posted 16 September 2020 - 03:11 PM
after the last fed meeting , it wasnt till the next day that the trend asserted itself.
slowly breaking down here. we will see if it has meaning or is a fakeout
tomorrow we should know
dharma
Bot a sizeable chink of KL late session near 53.32, added some WDOFF as well at 10 level, only trading modest positions overall for now, still favor the contracting tri counts
Senor
#975
Posted 16 September 2020 - 03:16 PM
#976
Posted 16 September 2020 - 03:17 PM
fwiw , when i started
after the last fed meeting , it wasnt till the next day that the trend asserted itself.
slowly breaking down here. we will see if it has meaning or is a fakeout
tomorrow we should know
dharma
Bot a sizeable chink of KL late session near 53.32, added some WDOFF as well at 10 level, only trading modest positions overall for now, still favor the contracting tri counts
Senor
fwiw, when i started in the biz, sinclair told me the big money buys miners first , then the metal(which when you think about it makes perfect sense). i believe that is what happened today. i had a pretty big up day 3.5% the metals were flat to weak. of course tomorrow can tell the tale. the fed is keeping rates low. and wants inflation. think about that one. give you no return for your money and the return you get is guaranteed to lose you pp. i am in the right place
dharma
#978
Posted 17 September 2020 - 12:36 AM
i love this kind of action there has been very little price damage done
but it has turned people bearish. so we see what happens here can they really
whack it , i dont think so but i always keep an open mind
#979
Posted 17 September 2020 - 07:47 AM
this morning may decide the short term....
still possibly stick saveable by Bulls, but sands quickly draining from the hourglass....
very short term stuff all back on sell as of overnight....now we see if longer time frames start to flip as well.
That 1945 pivot on GC is a must hold for bulls now...sustained action back above 1960 would likely mean stick save achieved.
A graphic view of the "hourglass", 1 hour GC chart.....if that 200 goes bye bye, roller coaster could be in for a dip...
Edited by K Wave, 17 September 2020 - 07:52 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
#980
Posted 17 September 2020 - 07:59 AM
Hourly Si actually a bit relatively stronger than GC, but that move back below the 200 could be first warning sign, if it is not reclaimed very quickly.....
Those big air gaps below on longer time frames still very concerning short term, until bulls show a desire to actually break it out upside from the big wedgie....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy