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


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#2461 linrom1

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Posted 14 February 2022 - 09:33 PM

PPI tomorrow and Ukraine invasion on 2/16. Why gold not at 2000?purebs.gif

I am in and out. The market let's you cover your shorts, but, they're buying all dips so you got to use stops and quickly get out. I am waiting for NEM. Hopefully they run it up into earnings on 2/24. I believe this is one big albatross.



#2462 Russ

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Posted 15 February 2022 - 12:03 AM

Armstrong Panic Cycle for Silver in week of Feb 21 .... 272587745_10225798276117303_541476921049


"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



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#2463 Russ

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Posted 15 February 2022 - 12:24 AM

I'm not liking that GLD has surged into my mid Fed date which should have been a low but it is breaking out of it's wedge so this is a difficult decision. 


"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/

#2464 Russ

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Posted 15 February 2022 - 07:34 AM

Correction to above,  I meant GLD surging into my Mid February Date. 


"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/

#2465 senorBS

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Posted 15 February 2022 - 08:54 AM

FWIW doing a little buying pre market at what I consider near term pullback targets, will have fairly tight stops on these positions

 

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#2466 Russ

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Posted 15 February 2022 - 09:28 AM

The turquoise line is Armstrong's bullish reversal number, gold just bounced off of it.  


"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/

#2467 jabat

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Posted 15 February 2022 - 10:30 AM

By Avi

No matter how I slice this, the metals market is a complete mess.  Silver still has a downside potential, as presented in yellow.  So, I would imagine much will depend on whether we get an a-b-c corrective pullback in wave 2 in green, and then break out over the high of wave 1 or not.  In the meantime, this is starting to look like a 5-wave decline in metals overnight.  And, if so, I may buy back some of the hedges I was stopped out of last week. with stops at the high from yesterday.



#2468 linrom1

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Posted 15 February 2022 - 10:44 AM

Armstrong Panic Cycle for Silver in week of Feb 21 .... 272587745_10225798276117303_541476921049

Good stuff!



#2469 linrom1

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Posted 15 February 2022 - 10:57 AM

 

This might be potentially better short than NEM, becasue they're buying it like it was crypto or NFT.


Edited by linrom1, 15 February 2022 - 10:58 AM.


#2470 senorBS

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Posted 16 February 2022 - 10:47 AM

 

By Avi

No matter how I slice this, the metals market is a complete mess.  Silver still has a downside potential, as presented in yellow.  So, I would imagine much will depend on whether we get an a-b-c corrective pullback in wave 2 in green, and then break out over the high of wave 1 or not.  In the meantime, this is starting to look like a 5-wave decline in metals overnight.  And, if so, I may buy back some of the hedges I was stopped out of last week. with stops at the high from yesterday.

 

He is not alone, lots of guys confused, not long, doubting etc - perhaps as much as I have seen in a long time. That for me is a good recipe for further rally. I like what I see again today, GDX looking very good (as does barrick) but NO complacency from me and I would not want to see any significant downside reversal today - that would likely get me totally out. Long and vigilant!

 

Senor