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what the hell, out on a limb. the 1850ish low marks the bottom of this correction. the next leg higher begins now


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#51 stubaby

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Posted 28 October 2020 - 08:39 PM

i think ST bounce then a few more days of this

dougie don't know the path, but it looks like the 200-day MA beckons!



#52 senorBS

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Posted 29 October 2020 - 09:39 AM

I added a little more pre-market and early trading, about 35% long in miners now, added oil/gas as well and 25% long there

 

Senor



#53 dharma

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Posted 29 October 2020 - 10:15 AM

dsi

gold =19

silver=17

full moon on saturday  look for a low soon

stu- yes, that caught my eye as well  

miners have taken out their sept lows gold hasnt  divergence green shoots

heads up we are getting close here , if we are nt there.

the election throws a wrench into the technical picture.   fwiw i believe trump wins.  i dont believe the media for a second 

the next wave up should be bigger and then the correction will also be larger. folks the system is becoming more and more \

unstable   heads up. 

dharma

dsi the day before  gold =30 silver =26 so  yesterdays drop knocked down the dsi as it should


Edited by dharma, 29 October 2020 - 10:20 AM.


#54 Russ

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Posted 29 October 2020 - 11:37 AM

dsi

gold =19

silver=17

full moon on saturday  look for a low soon

stu- yes, that caught my eye as well  

miners have taken out their sept lows gold hasnt  divergence green shoots

heads up we are getting close here , if we are nt there.

the election throws a wrench into the technical picture.   fwiw i believe trump wins.  i dont believe the media for a second 

the next wave up should be bigger and then the correction will also be larger. folks the system is becoming more and more \

unstable   heads up. 

dharma

dsi the day before  gold =30 silver =26 so  yesterdays drop knocked down the dsi as it should

Dharma,  What was DSI at the March low? Thanks


"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
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#55 senorBS

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Posted 29 October 2020 - 11:59 AM

dsi

gold =19

silver=17

full moon on saturday  look for a low soon

stu- yes, that caught my eye as well  

miners have taken out their sept lows gold hasnt  divergence green shoots

heads up we are getting close here , if we are nt there.

the election throws a wrench into the technical picture.   fwiw i believe trump wins.  i dont believe the media for a second 

the next wave up should be bigger and then the correction will also be larger. folks the system is becoming more and more \

unstable   heads up. 

dharma

dsi the day before  gold =30 silver =26 so  yesterdays drop knocked down the dsi as it should

From  another board, can't guarantee accuracy:

 

"Sentimentrader's Optix smashed down 40-50 points on all. GDX and J down to 5. Has only been lower on the panic low in March. So if this a the low, the flush before the turn, it's a good one"

 

Senor



#56 Russ

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Posted 29 October 2020 - 12:26 PM

Bull flag on the dollar index is breaking out,  I don't see how gold is not going to go down more with this happening. 


"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/

#57 dougie

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Posted 29 October 2020 - 12:41 PM

we have put in enough time for this correction to be done. sentiment getting there.

but real fear? dont quite see it yet



#58 dougie

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Posted 29 October 2020 - 12:47 PM

but we dont have to go down farther...seems like one more leg but when i see Senor buying you know you cant be stubborn



#59 dougie

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Posted 29 October 2020 - 01:02 PM

in GDX, can this fall down  all be a wave 4 ?



#60 senorBS

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Posted 29 October 2020 - 01:21 PM

but we dont have to go down farther...seems like one more leg but when i see Senor buying you know you cant be stubborn

LOL, Senor can often be "early", however we are very oversold with some daily stuff diverging from theSep 24 lows, those OPTIX readings I just posted on, if correct, show severe "fear" IMO, this also looks likes the latter stages of a second zigag in many charts. Still may need to see gold take out 1850

 

Senor