2864 replies to this topic

[gannman]

this is probably a wave 4 of the super cycle that started in 1932

 

this market could go anywhere just have to watch it and see gld holding up nice 

[linrom1]

this is probably a wave 4 of the super cycle that started in 1932

 

this market could go anywhere just have to watch it and see gld holding up nice 

It's vanilla type of correction, in my opinion.

[dharma]

i think we are heading for a significant low in the metals. dont know if it will take out the 12/15 low.  from there we should have a sustainable rally

dharma

[dharma]

it sure looks like vxx has had a 5 wave rally.  the broad market has made another top.  are they going to be able to raise rates? i think not. especially if 

we see the broad market hit the skids. "inflate or die"

dharma

[gannman]

the way i am looking at hui it has one more leg down and then a blast off. 

 

if not my count is wrong  and that probably means one more leg down 

 

in the sp to finish a wave i down in the spx

Edited by gannman, 10 January 2022 - 01:54 PM.

[gannman]

when gld takes out 171 sb all systems go 

[hhh]

GDXJ has a solid 5 waves up today and went past this morning's gap fill, and hourly PSAR is supportive now. 

[linrom1]

They keep updating that OI so Fridays was initially kind of misleading, but, its huge. The volume was largest since Nov and OI did not increase. That's very bearish.

[dharma]

omicron is having the same effect as lock downs couple that w/the threat of rising rates. and cutting  qe i can see a 20-30% correction in the broad market

gold will see to the other side.,its no mystery they will open the flood gates

dharma

[Smithy]

".... GDXJ has a solid 5 waves up today  ..."

 

Nice.  There is some chance we're getting a start to the long term gold base Kwave mentioned.

I like his 167 GLD level as make or break.

So far, so good.