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THE PRIMARY WAVE THREE thread and finding the Intermediate wave TWO corrective low


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#2121 JGUITARSLIM

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Posted 07 September 2021 - 12:40 PM

 

just exited half of longs, very tight stops on the rest, don't like the gold and silver action especially, as always DYODD

 

Senor

Out, that did not take long, not a bad near term trade, stock mkt again looking VERY vulnerable to me and I thought miners/gold should keep rallying strongly if bullish - TRADER hat is back on!

 

Senor

 

 

Personally have remained sidelined during last recent low (last few months).  As I mentioned in early august - miners action vs metals brought me great concern.  

On balance convinced working our way lower here and I look to catch IT lows.   Main cycle I track...looking for low late Oct.



#2122 dougie

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Posted 07 September 2021 - 02:50 PM

would not be surprised to see us retest 1750 areas now

yep



#2123 dougie

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Posted 07 September 2021 - 02:51 PM

wouldnt three percent kill the housing market?



#2124 gannman

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Posted 08 September 2021 - 04:31 AM

bottom line here for gld to actually do something looks like we need some kind of dollar crisis. thats my take 

 

will it happen i have no clue


feeling mellow with the yellow metal


#2125 senorBS

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Posted 08 September 2021 - 09:22 AM

got a lot of 1-4 hr looking 5-wave declines (at this time) from recent rally highs (Silj.GDX.GDXJ etc) IMO, so if we bounce from session lows I would expect lower prices after that, as always DYODD, I am on the sidelines. 

 

Senor


Edited by senorBS, 08 September 2021 - 09:23 AM.


#2126 gannman

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Posted 08 September 2021 - 10:16 AM

the general market is setting up for a major decline maybe on top on the quinox

 

gld looks like most of the damage is done here i could see gld rallying while the

 

market cracks 


feeling mellow with the yellow metal


#2127 senorBS

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Posted 08 September 2021 - 06:34 PM

the general market is setting up for a major decline maybe on top on the quinox

 

gld looks like most of the damage is done here i could see gld rallying while the

 

market cracks 

I can currently see it either way, too tough to call for this old hombre. Liking the sidelines with popcorn in hand

 

Senor



#2128 Russ

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Posted 09 September 2021 - 01:38 AM

bottom line here for gld to actually do something looks like we need some kind of dollar crisis. thats my take 

 

will it happen i have no clue

Mr. A is predicting trouble in 2022 for the elections and his AI computer has been predicting serious disease outbreaks for 2022 and it said that before 2019 which has MA thinking the variants could become an even bigger problem next year. My chart below has trends for a big dollar index low in summer 2022. https://www.armstron...-panic-in-2022/

 


"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/

#2129 gannman

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Posted 09 September 2021 - 08:36 AM

hmm thanks russ 


feeling mellow with the yellow metal


#2130 gannman

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Posted 09 September 2021 - 10:23 AM

my take is that gld bottomed on aug 10 and is now in an impulse wave up that will take us to at least 

 

240 on gld at least we will see


feeling mellow with the yellow metal