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


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#2271 gannman

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Posted 08 October 2021 - 03:28 PM

CFTC Commitments of Traders Long Report - Other (Combined)

 

cot report i dont like the action in gold in the cot piling on shorts 


feeling mellow with the yellow metal


#2272 dougie

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Posted 08 October 2021 - 09:06 PM

CFTC Commitments of Traders Long Report - Other (Combined)

 

cot report i dont like the action in gold in the cot piling on shorts 

UGLY



#2273 senorBS

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Posted 11 October 2021 - 02:40 PM

lots of stuff looks like 5 up especially in the silver miner sector (SILJ/SIL) and we are doing an abc down IMO. also FNV looks like it ended 5 up this morning and SAND last week. I continue to favor the upside, as always DYODD

 

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#2274 dougie

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Posted 11 October 2021 - 07:16 PM

lots of stuff looks like 5 up especially in the silver miner sector (SILJ/SIL) and we are doing an abc down IMO. also FNV looks like it ended 5 up this morning and SAND last week. I continue to favor the upside, as always DYODD

 

Senor

does look that way on very ST charts



#2275 senorBS

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Posted 12 October 2021 - 09:18 AM

took profits on half of longs, tighter stops on rest, now about 23% long

 

Senor



#2276 senorBS

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Posted 12 October 2021 - 09:36 AM

sold rest of longs, now 100% cash, nice trade, as always DYODD. BTW stk mkt could and I stress "could" be starting a large wave 3 or C plunge, fat and sassy on da sidelines!yes.gif

 

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#2277 CHAx

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Posted 12 October 2021 - 11:48 AM

sold rest of longs, now 100% cash, nice trade, as always DYODD. BTW stk mkt could and I stress "could" be starting a large wave 3 or C plunge, fat and sassy on da sidelines!yes.gif

 

Senor

 

It could be, but another possibility is double zig zag in WXY looking for a wave 4 lower low in the coming weeks (this would mean general market top was a 5 of 5 of 3 instead of 555).   Im talking SPX specifically.

 

Congrats on the trade!


Edited by CHAx, 12 October 2021 - 11:55 AM.


#2278 CHAx

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Posted 12 October 2021 - 12:08 PM

 

 

 

It could be, but another possibility is double zig zag in WXY looking for a wave 4 lower low in the coming weeks (this would mean general market top was a 5 of 5 of 3 instead of 555).   Im talking SPX specifically.

 

Congrats on the trade!

 

 

Something like this:

https://www.tradingv...com/x/AigHINno/

 

Wont let me post direct image link to tradingview.  What am I doing wrong?


Edited by CHAx, 12 October 2021 - 12:09 PM.


#2279 dougie

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Posted 12 October 2021 - 03:38 PM



#2280 gannman

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Posted 13 October 2021 - 09:48 AM

im convinced wave 3 has finally started imho


feeling mellow with the yellow metal