Member
Posted 12 May 2021 - 12:17 PM
Keep you eye on the 1 min line on ARKK this afternoon.
If it can reclaim it, ARKK may lead the troops out of the hole.
The bearishness at Zerohedge and the like is off the charts on ARKK right now.
So either a huge rally just starting, or it really does go into full on Gamma meltdown....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 12 May 2021 - 12:18 PM
senor, i am looking at the march 21 low , the equinox, as the bottom, from there we have had 5 waves up . now we are in wave 2 of that 5wave advance. should last a couple of weeks . so far this advance looks to me a mirror of last years advance timewise. just my 2c
dharma
That's the "other" count that I agree with you where some stuff counts better that way, under either scenario it appears we may go lower near term, we see
Senor
Member
Posted 12 May 2021 - 02:09 PM
Love to see the gen mkt get crusher for another 200-300 Dow pts into close
we see
Senor
Member
Posted 12 May 2021 - 02:37 PM
Another triple spike bottom on Silver at 27.10 now.
that is likely THE pivot now....bulls now have to take it out the top before that is broken....
they are givin' it their best right now.....failure is not an option....
this is for the money
Member
Posted 12 May 2021 - 02:38 PM
Starting to look iike bears have held the line at 1840 on Gold.....
I think we can drop to 1800 /GC and 26.10 /SI and everything is fine in the short term. Though, we want pretty fast snap backs, no lingering at those prices.
Also, once again, this move is entirely dollar related so far: https://goldprice.or...rice-euros.html
They aren't selling gold, they are buying dollars. Pull up 30 minute time frame, we are hovering near the highs of gold in Euros. Well above the panic low yesterday.
Gold also at critical resistance point in Euro....
If it can blow out 1520 today or tomorrow, could be huge win....but right now looking pretty iffy....
can you show gold Yen please?
Member
Posted 12 May 2021 - 03:04 PM
can you show gold Yen please?
Using my link, you can just type in: XAUJPY
Member
Posted 12 May 2021 - 03:05 PM
Brutal Day on the Dow, BUT NDX held right at 13K..
See if they can now take up outta WWW, or it goes over the edge...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 12 May 2021 - 03:09 PM
can you show gold Yen please?
Much stronger in Yen...
Yen looking like it may be about suffer a serious breakdown in terms of USD
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 12 May 2021 - 03:10 PM
can you show gold Yen please?
Much stronger in Yen...
Yen looking like it may be about suffer a serious breakdown in terms of USD
thanks!
Member
Posted 12 May 2021 - 08:15 PM
Gold / BTC...we have liftoff....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
