Jump to content



Photo

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


  • Please log in to reply
2171 replies to this topic

#2141 gannman

gannman

    Member

  • Traders-Talk User
  • 5,915 posts

Posted 13 September 2021 - 09:20 AM

gld and miners up general market gonna get whacked that is what i see

 

fwiw


feeling mellow with the yellow metal


#2142 senorBS

senorBS

    Member

  • TT Member+
  • 10,118 posts

Posted 13 September 2021 - 09:29 AM

gld and miners up general market gonna get whacked that is what i see

 

fwiw

tend to agree, but my Q is if gen mkt declines 20-25% do miners really hold up? at some point I do think we can have gen mkt go sideways and miners rally but my best guess is that if a hard and fast gen mkt decline comes miners will get sucked lower for at least some of that - just my guess at this time. Also, on my 10% long position I now have a slightly profitable stop in place, tough call here still IMO

 

Senor



#2143 gannman

gannman

    Member

  • Traders-Talk User
  • 5,915 posts

Posted 13 September 2021 - 09:47 AM

that is what i am wondering too senor that really is the question here 

 

but gold and the miners appear to have bottomed that is pretty clear 


feeling mellow with the yellow metal


#2144 gannman

gannman

    Member

  • Traders-Talk User
  • 5,915 posts

Posted 13 September 2021 - 09:48 AM

also i believe the oils have bottomed


feeling mellow with the yellow metal


#2145 senorBS

senorBS

    Member

  • TT Member+
  • 10,118 posts

Posted 13 September 2021 - 11:15 AM

Exited remaining position as I am going camping for a few days with no internet access, overall made a few pesos on the trade and with CPI tomorrow and still nothing clear 100% cash feels right for now, as always DYODD

 

Senor



#2146 gannman

gannman

    Member

  • Traders-Talk User
  • 5,915 posts

Posted 14 September 2021 - 09:09 AM

gdx is right on the verge of bottoming i think ha ha big qualifier here but i think it is 


feeling mellow with the yellow metal


#2147 jabat

jabat

    Member

  • Traders-Talk User
  • 439 posts

Posted 14 September 2021 - 04:54 PM

Avi says:

While the GDX is holding over support by the skin of its teeth, I still have nothing clearly bullish to report.  As long as we hold price within the Negative Nelly Box, this is taking shape as a bearish set up.  And, if we follow through below support, price can drop quite strongly in wave (iii).



#2148 Smithy

Smithy

    Member

  • Traders-Talk User
  • 1,544 posts

Posted 14 September 2021 - 07:30 PM

Thanks Jabat



#2149 senorBS

senorBS

    Member

  • TT Member+
  • 10,118 posts

Posted 15 September 2021 - 08:08 PM

got back from camping about 2:00 pst, went 15% long in after hrs, nothing decisive I see but looks more bullish than bearish IMO

 

Senor



#2150 dougie

dougie

    Member

  • Traders-Talk User
  • 7,834 posts

Posted 16 September 2021 - 01:08 AM

thinking we see 1750 area then up