excellent work russ you rock brother !!
seems its time for a new thread. war markets are treacherous
#1191
Posted 23 May 2022 - 07:03 AM
#1192
Posted 23 May 2022 - 07:06 AM
in the broad market i believe we are doing an abc wave 4 of the decline from jan 4
to be followed by a wave 5 down which will give us some kind of a lasting low
#1193
Posted 23 May 2022 - 09:16 AM
excellent work russ you rock brother !!
Edited by Russ, 23 May 2022 - 09:19 AM.
"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/
#1194
Posted 23 May 2022 - 09:26 AM
Senor on the road so beware! Saw this these sentiment numbers from another board. Not sure if this is "enough" bearishness (not much bearishness at all) for a meaningful low. Things can always be different, bounce continues and lets see how it goes
"GOLD 60/SILVER 41
HGNSI 20.59% (This was a huge 29.41 jump up)
#1195
Posted 23 May 2022 - 09:28 AM
Back on Jan 12th, David Hunter forecast gold at $2500 by June.
Broken record, said the same thing last summer, dead wrong as "timing" in this sector is critical unless one prefers spectacular drawdowns!
Senor
#1196
Posted 23 May 2022 - 10:18 AM
it sure looks to me like spy finished a 5 wave C of an a b c correction. i am counting that as A finished we are in B now , and C sometime in crash season
dharma
russ good job! well done
Edited by dharma, 23 May 2022 - 10:19 AM.
#1197
Posted 23 May 2022 - 11:54 AM
dollar is getting absolutely smashed today and that means higher commodity prices ahead
dollar has put in a significant top imho
#1198
Posted 23 May 2022 - 12:13 PM
i think we rally for a couple of more days in the broad market and then start a wave v down
to complete the first leg of the bear market logical target in the sp is around 3525
#1199
Posted 23 May 2022 - 12:54 PM
Found myself feeling pretty bearish about gold so I bought some more.
#1200
Posted 23 May 2022 - 01:42 PM
Senor on the road so beware! Saw this these sentiment numbers from another board. Not sure if this is "enough"
Blees is 97
Wait for 100?
bearishness (not much bearishness at all) for a meaningful low. Things can always be different, bounce continues and lets see how it goes
"GOLD 60/SILVER 41
HGNSI 20.59% (This was a huge 29.41 jump up)