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


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#2131 senorBS

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Posted 09 September 2021 - 10:26 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

vast majority of those 5 down declines had their lows taken put this morning and we are now seeing a bounce. Either abc declines bottomed today for example in GDXJ/SILJ OR this mornings lows were wave i of a larger developing wave 3 down. How large a bounce we do or do not get is very important here for the near term. take out session lows and it could very very ugly, very quickly

 

Senor

 

Senor



#2132 gannman

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Posted 09 September 2021 - 11:53 AM

gdx should bottom by wednesday of next week at the latest imo 


feeling mellow with the yellow metal


#2133 Russ

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Posted 09 September 2021 - 01:05 PM

hmm thanks russ 

From listening to the Armstrong interview on the USA Watchdog site,  it looks like the trouble in 2022 other than more deadly disease will be the increasing evidence that the 2020 elections were fraudulent and the voters will be turning against the Democrats. 


"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/

#2134 gannman

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Posted 10 September 2021 - 04:42 AM

russ you are bringing up politics again my friend bad bad idea 

 

it never leads anywhere good PLEASE PLEASE PLEASE dont do it please


Edited by gannman, 10 September 2021 - 04:46 AM.

feeling mellow with the yellow metal


#2135 senorBS

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Posted 10 September 2021 - 08:45 AM

looks negative for gold/silver near term IMO, I remain on sidelines

 

Senor



#2136 senorBS

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Posted 10 September 2021 - 09:19 AM

another huge inflation number this morning and gold/miners can't get any traction, that often "suggests" a near term bearish resolution. Like this sector bigger picture but we may need more "flushing" action first, Also, big downside gen mkt reversal, "might" we be gettin ready for at least a 5-10% correction in gen mkt or more? Just throwin thoughts out here and watchin, got no interest for now, as always DYODD

 

Senor



#2137 gannman

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Posted 10 September 2021 - 11:08 AM

i think we are close to getting whacked senor in the general market we will see 

 

gld has bottomed i bought some stuff in the sector this morning


feeling mellow with the yellow metal


#2138 senorBS

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Posted 10 September 2021 - 11:36 AM

OK, TRADER hat back on, took about a 20% trading position here, if it closes weak making new session lows am likely out, stabilize and hold and I will hold it. and da beat goes on

 

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#2139 senorBS

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Posted 11 September 2021 - 08:07 AM

OK, TRADER hat back on, took about a 20% trading position here, if it closes weak making new session lows am likely out, stabilize and hold and I will hold it. and da beat goes on

 

Senor

took off half, went home 10% long

 

Senor



#2140 dougie

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Posted 11 September 2021 - 09:23 PM

think drop some more. want to see us regain 1915 or so