we did 5 waves up in these indices and are now correcting imo
THE PRIMARY WAVE THREE thread and finding the Intermediate wave TWO corrective low
#331
Posted 06 April 2021 - 02:53 PM
#332
Posted 06 April 2021 - 02:57 PM
OpEX next week. We should get some kind of idea tomorrow.
#333
Posted 06 April 2021 - 03:06 PM
i lived in in india for 3 yrs in the 90s back then , the people did not trust their government, their wealth was put into 22k gold jewelry . i believe not much has changed there.
so smithy, not sure how into bit the public is /was involved in india
smithy, i posted on the vedic astrology thread
dharma
#334
Posted 06 April 2021 - 03:23 PM
take out 1756 or so convincingly and i will reconider
i think there is still a case for the bottom to be NOT quite in gold. but we are surely close to closing that window. I see some more up then a couple more weeks of down. just didnt feel fully capitulatory to me
Don't know what you want, it put in a double bottom on the longer term trendline, my bet is it takes out 1756 this week.
"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/
#335
Posted 06 April 2021 - 03:41 PM
Dollar index keeps going down and may go down into June, this is the reason Gold is going up.
"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/
#336
Posted 06 April 2021 - 03:49 PM
take out 1756 or so convincingly and i will reconider
i think there is still a case for the bottom to be NOT quite in gold. but we are surely close to closing that window. I see some more up then a couple more weeks of down. just didnt feel fully capitulatory to me
Don't know what you want, it put in a double bottom on the longer term trendline, my bet is it takes out 1756 this week.
not ruling that out Russ. Just taking my time
#337
Posted 07 April 2021 - 07:03 AM
Thus far Gold holding up fairly well after banging its head on the hourly 900 yesterday.
A sideways down corrective wave would be just what the doctor ordered.
As long as it holds above 1720, new bull move should still be fine....even a quick spike dip to 1715 area would be OK.
Once it gets through the hourly at 1745, is when full launch mode could begin.
Silver still not quite out of the chute...failed at backtest of 4 hour/ 30 min combo resistance yesterday, so until it takes out yesterday's high, not convinced just yet there.
Below 24.75 would first sign of possible larger trouble now that it is back below $25.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#338
Posted 07 April 2021 - 07:12 AM
Ethereum back below 2K after the failure at 2100...2K is a BIG pivot on that one.... Crash mode possibly initiating here....
XAU/BTC exploding even more today...Thanks Cramer!
Starting to look like Mark Cuban may have almost top ticked Ethereum with his need to tell the world how wonderful it was last week.
And I am sure Paris Hilton's ringing endorsement of Bitcoin was just what it needed as well.
Edited by K Wave, 07 April 2021 - 07:17 AM.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#339
Posted 07 April 2021 - 07:38 AM
Silver 4 hour look....
Still potentially treacherous waters...unless Silver can reclaim the 900 with momo still above zero....so needs to happen soon.....
Looking like move back above 25.20 today could get bull energized in time.
If not, that massive air gap still awaits below.....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#340
Posted 07 April 2021 - 07:40 AM
Looks like Ethereum likely going to come up for backtest of big 2K pivot.....what happens there could be telling.....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy