Hounding
what the hell, out on a limb. the 1850ish low marks the bottom of this correction. the next leg higher begins now
Started by
dharma
, Oct 21 2020 09:54 AM
1426 replies to this topic
#1322
JGUITARSLIM
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Posted 02 March 2021 - 02:06 PM
Looking to see can make it back in - if not look for another dip for few days... (broad market is wildcard)
Hounding
Edited by JGUITARSLIM, 02 March 2021 - 02:11 PM.
#1323
dougie
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Posted 02 March 2021 - 02:12 PM
room for some more work to the downside possible
#1324
Chilidawgz
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A fool and his money... (the second mousie gets the cheese)
Posted 02 March 2021 - 02:24 PM
room for some more work to the downside possible
Anything can happen...what's happening now?
No one can forecast the future. No one.
All stocks (ETF's) are BAD...unless they go up - William O'Neil
When The Time Comes To Buy or Sell, You Won't Want To - Walter Deemer
#1325
CHAx
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Posted 02 March 2021 - 02:45 PM
Just one last comment for the day. This is a great chart and thanks for sharing. It probably felt like I jumped on you for posting, but believe me that was not my intention. Many people are probably not aware of this correlation and it is a good heads-up for understanding what has driven this 7 month bear market. I'm just passionate in stating I think this pattern will break down over a longer time horizon (as it has been on my mind the last few months).
If the ten year yield has hit it's peak and stabilizes or retreats, we might have a low in gold. Rumors are the FED has stepped in to actively control the yield curve now, buying ten years. Doncha just love socialist/central planned government comrades?
#1326
linrom1
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Posted 02 March 2021 - 03:14 PM
Sold my NEM. The 1-hr RSI is at 93%. That's a no go zone!
Edited by linrom1, 02 March 2021 - 03:18 PM.
#1327
Russ
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Posted 02 March 2021 - 04:17 PM
Gold has come down to Eric Hadik's levels 1735 with a possible spike low to 1700 (actual low today was about 1707) and I have some trends for a low now, this could be 'it'.
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#1328
senorBS
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Posted 02 March 2021 - 06:28 PM
Sold my NEM. The 1-hr RSI is at 93%. That's a no go zone!
I was probably TOO long and I took some large gains on the session late today and in after hrs. pruned position way back to about 20-25% long from over 50% long/ Could be a final low but no real confidence yet, as always DYODD
Senor
#1329
dougie
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Posted 02 March 2021 - 10:32 PM
we are close to seeing a weekly macd cross down from very high levels in XAu..
CAVEAT Emptor
#1330
Smithy
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Posted 02 March 2021 - 11:12 PM
Russ, thanks for the Hadik update.
