2512 replies to this topic

[K Wave]

Silver battling to see if bulls can reclaim the 1 min line...would be first hint of possible turnaround in Silver today if they do it.

[senorBS]

SILJ is Slip Slidin' Away

 

 

PAAS had awful earnings and this years production forecast was lowered a good bit, I mentioned SILJ havin an ugly lookin chart earlier in the week. I think we are and will continue to see a separation in miners that are run well and are makin a LOT of money in gold and silver at current prices, and other like PAAS get smashed when they flounder badly. Frankly its difficult for me to look at a daily SILJ chart and have any bullish count that I can have any confidence in - that does not mean it will or "has to" go a low lower, just means its a friggin low confidence mess IMO. 

 

Senor

Edited by senorBS, 13 May 2021 - 11:06 AM.

[K Wave]

XLF trying to regain a bullish stance after the 5 min throwunder....

 

Seeing some signs in various things that yeterday's low may hold, despite the awful early action in TSLA...

 

[K Wave]

 

SILJ is Slip Slidin' Away

 

 

PAAS had awful earnings and this years production forecast was lowered a good bit, I mentioned SILJ havin an ugly lookin chart earlier in the week. I think we are and will continue to see a separation in miners that are run well and are makin a LOT of money in gold and silver at current prices, and other like PAAS get smashed when they flounder badly. Frankly its difficult for me to look at a daily SILJ chart and have any bullish count that I can have any confidence in. 

 

Senor

 

Yep, if SILJ slips much further, the possibility it could end up looking like PAAS eventually is certainly real...

 

IF SLV fails to hold 25, would likely be first real indication of that possibility coming to be...

[K Wave]

IF AAPL holds this last pivot low and can take out 126, a possibility it could reclaim the key level of 127....

 

Edited by K Wave, 13 May 2021 - 11:11 AM.

[K Wave]

Trannies have also got themselves back on the bull side of the 5 min line....

 

[K Wave]

Sandstorm multiple days above the 200 now....

 

just need a thrust move up soon, and it could be off to the races...

 

[senorBS]

DBA as expected continues to correct after a very BULLISH and large 5-waves up from 13.15 to 19.28. Note that a 38% retrace of the rally is at 16.96 and prev 4th wave support is near 16.60, my current expectation would be for that are to be reached over the next 2-4 weeks. Got a real nice wave count goin here folks

 

Senor

[K Wave]

Starting to look a like bonafide breach of 64 in crude....

[K Wave]

ARKK tryin' to carve out a bottom at 100 level...if gets back over 102 now, could still reverse this last dip.