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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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#741 senorBS

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Posted 13 January 2021 - 05:18 PM

 

 

 

metals up move sure LOOKS CORRECTIVE; LOOK OUT BELOW?

yeah, correction up could easily be done, bottom line for me is I want to see everything in the metals sector take out the Nov lows. However as Mick sings "Ya can't always get whatcha want"yes.gif
 
Senor
 
i duno taking out Nov lows might mean something much deeper

Been waiting for such

 

I think miners/metals still have a huge upside move left and I want to be long, however given what I currently see I would for now rather buy higher and would need to see some significant bullish evidence to get me to go long, based on my analysis for now I have to allow for lower prices

 

Senor



#742 JGUITARSLIM

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Posted 13 January 2021 - 06:22 PM

 

 

 

metals up move sure LOOKS CORRECTIVE; LOOK OUT BELOW?

yeah, correction up could easily be done, bottom line for me is I want to see everything in the metals sector take out the Nov lows. However as Mick sings "Ya can't always get whatcha want"yes.gif
 
Senor
 
i duno taking out Nov lows might mean something much deeper
Been waiting for such
 
I think miners/metals still have a huge upside move left and I want to be long, however given what I currently see I would for now rather buy higher and would need to see some significant bullish evidence to get me to go long, based on my analysis for now I have to allow for lower prices
 
Senor

I hold few select companies which I believe have significant upside potential then have trading acct where primarily buy ETFs in attempt to catch intermediate moves or a nice trade from oversold conditions. I just didnt buy into that mid Dec low anticipating a lower low. Was starting to wonder last week if I missed great opportunity. More comfortable at present given recent action thinking still may have that opportunity...well see. Ill be buying any new lows . Im no eW guy but thinking we have some kind wave 5 coming after this correction done . Looking for new all time highs in 21. Looks like cycle I follow which thought first week would bottom actually inverted and formed a high 🤷‍♂

#743 senorBS

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Posted 13 January 2021 - 07:38 PM

 

 

 

 

 

metals up move sure LOOKS CORRECTIVE; LOOK OUT BELOW?

yeah, correction up could easily be done, bottom line for me is I want to see everything in the metals sector take out the Nov lows. However as Mick sings "Ya can't always get whatcha want"yes.gif
 
Senor
 
i duno taking out Nov lows might mean something much deeper
Been waiting for such
 
I think miners/metals still have a huge upside move left and I want to be long, however given what I currently see I would for now rather buy higher and would need to see some significant bullish evidence to get me to go long, based on my analysis for now I have to allow for lower prices
 
Senor

I hold few select companies which I believe have significant upside potential then have trading acct where primarily buy ETFs in attempt to catch intermediate moves or a nice trade from oversold conditions. I just didnt buy into that mid Dec low anticipating a lower low. Was starting to wonder last week if I missed great opportunity. More comfortable at present given recent action thinking still may have that opportunity...well see. Ill be buying any new lows . Im no eW guy but thinking we have some kind wave 5 coming after this correction done . Looking for new all time highs in 21. Looks like cycle I follow which thought first week would bottom actually inverted and formed a high ‍♂

 

Its tough near term, I still have a bit of a gut feel (nothing from charts at all) that some stuff might not take out Nov lows and ut could be the ol "ugly bottom", but like I said I will be patient for now, I do think if we are vulnerable it could happen next several days.

 

Senor



#744 crossd

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Posted 14 January 2021 - 07:35 AM

forget who posted the Hadik link but thanks..think he said  jan lows metals..then kept to his cycle forecast for May highs..maybe keep this in mind

 

as longer term view..

 

donc



#745 linrom1

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Posted 14 January 2021 - 09:55 AM

Some one is accumulating NEM on down days.



#746 linrom1

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Posted 14 January 2021 - 10:35 AM

I think their target is NEM at $62



#747 senorBS

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Posted 14 January 2021 - 10:50 AM

OK could not resist having at least something long, bought one of my Canadian miners I like Wesdome (WDOFF) at 7.56 this morning, daily close only charts show a new decline closing low (7.60) yesterday since the AUG highs above 11, looks like it could be a wave 5 of C to end correction - so far nice daily RSI divergence basis Nov low. Note that a new resource estimate is due out any day so that could effect stock price near term, I like this stock as an inter. term play at these levels and wave and technicals allow me to buy. as always DYODD

 

Senor


Edited by senorBS, 14 January 2021 - 10:52 AM.


#748 linrom1

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Posted 14 January 2021 - 11:01 AM

I can't resit buying tiny positions in FNV. It's down now, but, if this market ever takes off........



#749 dharma

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Posted 14 January 2021 - 11:15 AM

this charrt from sprotthttps://pbs.twimg.co...ng&name=900x900

it shows miners are way undervalued , watch the majors expand their dividends

they are now cash cows

dharma



#750 linrom1

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Posted 14 January 2021 - 12:46 PM

Three drives to the bottom?