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


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#2311 Smithy

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Posted 25 October 2021 - 05:39 PM

Gotta say I miss Senor's BS.



#2312 gannman

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Posted 25 October 2021 - 06:15 PM

is he on a trip ? 


feeling mellow with the yellow metal


#2313 dougie

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Posted 25 October 2021 - 08:37 PM

 

As they would say in Australian, this impulse wave was rather "dodgy."   I show that it was invalidated now?

make your 3 a 5



#2314 senorBS

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Posted 29 October 2021 - 11:56 AM

Just need a break, had traded out of longs briefly a while back and have been trading from long side in and out with modest positions, doin solid BUT am now starting to back up the truck. Had been out of AEM/KL and been buying back heavily this morning at 53.50-53.60 area, just added AUY at 4.01, buying AXU at 1.67, bot some GDX early on near 31.75, bot some SAND at 6.30. I see lots of FIVE up off Sep lows and IMO this is the retrace to buy, as always DYODD

 

Senor



#2315 senorBS

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Posted 29 October 2021 - 01:13 PM

added a second AUY tranche at 3.97, a modest NEM starter at 54.40. as always DYODD

 

Senor



#2316 linrom1

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Posted 29 October 2021 - 01:39 PM

I bought some AEM and a bit of NEM. Looking at the close to add more. I see it same way, retrace of WAVE 1 in WAVE 2.



#2317 Smithy

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Posted 29 October 2021 - 01:56 PM

Welcome back Senor, it's been kind quiet.

I'm liking silver at this juncture.



#2318 jabat

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Posted 29 October 2021 - 04:24 PM

By Arkady, Elliot Wave Trader,

Gold: wave c of (ii) is now a confirmed count - and potentially, pullback could extend to 1767 region. Overall, the bullish scenario retains until 1721.1 level is breached and I am looking forward to reaction to support (1780 - 1767 region) to get the next clue.

Silver has invalidated the count suggesting the bottom for the wave 4 was already in place - and is heading down towards the next support. 23.62 region is where pullback could complete and initiate a rally in the 5th wave (formally, above 23.187 the count remains applicable).

So while the nano count is invalidated an upside potential remains there.

By Avi:

I still do not trust this complex as both silver and gold have not seen a 5th wave off the recent lows.



#2319 senorBS

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Posted 29 October 2021 - 05:14 PM

I bought some AEM and a bit of NEM. Looking at the close to add more. I see it same way, retrace of WAVE 1 in WAVE 2.

Yep my opinion as well, some stuff a lot stronger than others, like the bullish case, went home bout 33% long from 10% coming into today, wll lkely buy more weakness early next week, as always DYODD

 

Senor



#2320 gannman

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Posted 29 October 2021 - 05:57 PM

CFTC Commitments of Traders Long Report - Other (Combined)

 

another lousy cot 


feeling mellow with the yellow metal