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


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#21 tradesurfer

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Posted 07 March 2021 - 09:43 PM

Are we at same or similar juncture as to the bounce that was March 2, to March 6, 2020 ?

 

After that small bounce silver plummeted 34%  If that happens again we will be near 17 in Silver.

 

I am tired of getting whipsawed in this market !!



#22 tradesurfer

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Posted 07 March 2021 - 10:14 PM

I was about to say the same thing. please delete this duplicate thread !

 

 

Hey RUSS and everyone else - PLEASE POST IN THE OTHER PRIMARY WAVE THREE THREAD!!! 

 

Can we have THIS thread removed so there is only one?

 

Senor


Edited by tradesurfer, 07 March 2021 - 10:14 PM.


#23 senorBS

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Posted 08 March 2021 - 08:33 AM

Look like this is th real ome!

 

Looks like a double bottom in Gold this morning at 1784-17.85 ad another 1-12 hr wave 4/5 subdivision with more bullish divergences, looking like another rally attempt will get underway - still lookin for 1740-1760, we see

 

Senor



#24 senorBS

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Posted 08 March 2021 - 10:03 AM

so new lows in GLD this morning and higher highs and good relative strength from most miners along with the technical divergences, like what I see so far

 

Senor



#25 jabat

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Posted 08 March 2021 - 12:13 PM

Senor- What is your view on GSR? Last few days it is trending upwards once it hit 64. Do you think we have completed 5 waves down from 125?

 

Thanks,



#26 senorBS

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Posted 08 March 2021 - 12:48 PM

Senor- What is your view on GSR? Last few days it is trending upwards once it hit 64. Do you think we have completed 5 waves down from 125?

 

Thanks,

was wondering the same, makes sense "if" we get the significant bounce here then a plunge especially in silver to that 22 area or lower, hard to say right now, very oversold here with lots if divergences

 

Senor



#27 dougie

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Posted 08 March 2021 - 01:11 PM

 

Senor- What is your view on GSR? Last few days it is trending upwards once it hit 64. Do you think we have completed 5 waves down from 125?

 

Thanks,

was wondering the same, makes sense "if" we get the significant bounce here then a plunge especially in silver to that 22 area or lower, hard to say right now, very oversold here with lots if divergences

 

Senor

 

crashes happen from oversold?



#28 senorBS

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Posted 08 March 2021 - 01:39 PM

 

 

Senor- What is your view on GSR? Last few days it is trending upwards once it hit 64. Do you think we have completed 5 waves down from 125?

 

Thanks,

was wondering the same, makes sense "if" we get the significant bounce here then a plunge especially in silver to that 22 area or lower, hard to say right now, very oversold here with lots if divergences

 

Senor

 

crashes happen from oversold?

 

sure they can, but to me this just doesn't feel like the crash/new environment from Covid we had last March, AND keep in MIND that many technical readings have ALRREADY reached the SAME DEGEEE of "crash" oversold that we reached at the bottom of the March crash - so whaddya think about that?

 

Senor


Edited by senorBS, 08 March 2021 - 01:48 PM.


#29 dougie

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Posted 08 March 2021 - 02:41 PM

interesting juncture here. still favor a move higher for a bit before one more low



#30 senorBS

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Posted 08 March 2021 - 04:16 PM

Golf daily and weekly RSI currently the lowest/most oversold since the 2018 bottom, can still go lower, just perspective on how this IMO likely fits with a large Intermediate wave 2 likely in its latter stages. BTW I am about 20% long in miners only

 

Senor


Edited by senorBS, 08 March 2021 - 04:17 PM.