i know a few large traders who wisely stopped out longs today
what the hell, out on a limb. the 1850ish low marks the bottom of this correction. the next leg higher begins now
#241
Posted 23 November 2020 - 06:19 PM
#242
Posted 24 November 2020 - 12:02 AM
Support may be down in the 1750ish zone by the end of this week...
"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/
#243
Posted 24 November 2020 - 12:28 AM
yes it was and he made that back when. way to go my friend
Thanks Gannman, I found this chart from August 28 when I told the programmer that helped me build out the oscillator it looked like
Gold would go down into late Nov to Early Dec., as I said above this week or early next week could see the final low down to the 1750 area.
"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/
#244
Posted 24 November 2020 - 12:57 AM
the thing that makes the most sense to me is slv drops to the 19 area which is also a 50 % retrace of the wave up
and its 200 dma . we will see if it happens it is about 3 bucks away
and probably gld down to about the 160 area
Edited by gannman, 24 November 2020 - 01:00 AM.
#245
Posted 24 November 2020 - 07:28 AM
the thing that makes the most sense to me is slv drops to the 19 area which is also a 50 % retrace of the wave up
and its 200 dma . we will see if it happens it is about 3 bucks away
and probably gld down to about the 160 area
also.. if u do a p&f chart of SLV in stockcharts(bottom panel) u will see very solid support at 18
donc
#246
Posted 24 November 2020 - 11:02 AM
finally , capitulation.
we will see how long it lasts
dharma
#247
Posted 24 November 2020 - 11:47 AM
Started nibbling...
#248
Posted 24 November 2020 - 12:07 PM
finally , capitulation.
we will see how long it lasts
dharma
Indeed
My retrace target (130 basis XAU) has registered (this is in the area of the extension of the Head and Shoulders Neckline from 2011 - hitting it from above) - additional risk down to 112-115 - top of current cup-n-handle formation on the monthly, FWIW
#249
Posted 24 November 2020 - 02:22 PM
finally , capitulation.
we will see how long it lasts
dharma
Indeed
My retrace target (130 basis XAU) has registered (this is in the area of the extension of the Head and Shoulders Neckline from 2011 - hitting it from above) - additional risk down to 112-115 - top of current cup-n-handle formation on the monthly, FWIW
got a count? I see Tsharp says we ae now in a large c down in gold to 1000 area
#250
Posted 24 November 2020 - 07:03 PM
it would not surprise me if this correction stays in force until dec 21
we are still in a iii of c not finished yet . lot of damage has been done
here