1426 replies to this topic

[senorBS]

 

just want to say: this thread when from very bullish to very bearish based on one day of trading

 

i guess flexibility is the hallmark of really good traders?

 

Glad to see the flexibility in others and myself. It's always possible we could get a bullish surprise here but the rally failure last week and "how" this decline has unfolded since is and IMO should cause a LOT of concern. These are also unprecedented times economically and politically and we have a pandemic raging. And we have seen big time bubble action in many areas, gotta look all directions and if/when things turn it could be drastic. A muy careful Senor feeling VERY relaxed with his pile of peso dollars. 

 

Senor

[linrom1]

 

 

just want to say: this thread when from very bullish to very bearish based on one day of trading

 

i guess flexibility is the hallmark of really good traders?

 

Glad to see the flexibility in others and myself. It's always possible we could get a bullish surprise here but the rally failure last week and "how" this decline has unfolded since is and IMO should cause a LOT of concern. These are also unprecedented times economically and politically and we have a pandemic raging. And we have seen big time bubble action in many areas, gotta look all directions and if/when things turn it could be drastic. A muy careful Senor feeling VERY relaxed with his pile of peso dollars. 

 

Senor

 

OpEX on Friday and Monday is a holiday. I wonder if this portends anything?

[dougie]

 

 

just want to say: this thread when from very bullish to very bearish based on one day of trading

 

i guess flexibility is the hallmark of really good traders?

 

Glad to see the flexibility in others and myself. It's always possible we could get a bullish surprise here but the rally failure last week and "how" this decline has unfolded since is and IMO should cause a LOT of concern. These are also unprecedented times economically and politically and we have a pandemic raging. And we have seen big time bubble action in many areas, gotta look all directions and if/when things turn it could be drastic. A muy careful Senor feeling VERY relaxed with his pile of peso dollars. 

 

Senor

 

your trading acument amazes me

[dougie]

how to count the move from march to August in GDX as 5 waves without torutring it?

[dougie]

lookng back, mostly when we move away from the 50 week MA we need to revert back to it. is that all this is?

 

[dougie]

moreover, since 2000 there has not been one example where HUI weekly RSI was this deeply oversold and then failed to rise to overbought.

 

will this be the first?

[tradesurfer]

It is a good point. One day of price action does not guarantee anything. But taken in context of other markets / indices gives more confidence

I forgot to mention the 72 week cycle which just recently lined up in the sp500 last week.

There was another 72 week cycle that completed right at the February 20, 2020 top. That lead to a 30% broad market crash in just 1 months time

I don't know if the cycle will 'stick' this time but if it does for stocks then it seems it should also affect miners/metals

just want to say: this thread when from very bullish to very bearish based on one day of trading
 
i guess flexibility is the hallmark of really good traders?

[AChartist]

Hi

A dominant silver cycle is up for 7 weeks, there are some other weaker or mixed cycles

but a good chance this dominant will drive.

 

The best one will be from 14 week low to 30 weeks out.

End of April low to end of Aug high could be the granddaddy.

[tradesurfer]

Ohhh... so THIS is what is going to get the party started....

 

https://news.yahoo.c...l-sh&soc_trk=ma

 

I think the planet saturn represents deflation

[senorBS]

moreover, since 2000 there has not been one example where HUI weekly RSI was this deeply oversold and then failed to rise to overbought.

 

will this be the first?

Dougie I don't understand this? 14 bar weekly RSI is currently near 44 (not really oversold), at Nov low it was near 29, in March it was near 22. - how do you square that with what you wrote above? To me it currently looks vulnerable to further decline and is "most likely" in a decline to further oversold. Am I misunderstanding something?