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Posted 23 September 2022 - 08:19 AM
IMO the key this morning, given the new major decline lows likely in GDX/gdxj is whether we see a major downside extension or marginal or modest new lows. Keep in mind how oversold this sector already is amd additional divergences could occur into marginal new lows. Gonna hold my smallish core and watch closely to see if I might want to start adding
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Posted 23 September 2022 - 08:47 AM
I can make a case for completed 5-waves down on a small scale and on a large scale since March top. It also feels like panic. For example FNV is down >$4 on puny 60k shares.
Edited by linrom1, 23 September 2022 - 08:51 AM.
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Posted 23 September 2022 - 09:09 AM
Bought some, there is no volume and no new low.
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Posted 23 September 2022 - 09:45 AM
IF 1640 gets taken out in a big way...the dreaded Twin Tower top formation likely sealed in...
Will start selling the rips to upside if that happens later today...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
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Posted 23 September 2022 - 10:34 AM
IF 1640 gets taken out in a big way...the dreaded Twin Tower top formation likely sealed in...
Will start selling the rips to upside if that happens later today...
Spot or GC?
Member
Posted 23 September 2022 - 10:55 AM
IF 1640 gets taken out in a big way...the dreaded Twin Tower top formation likely sealed in...
Will start selling the rips to upside if that happens later today...
Spot or GC?
This chart
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 23 September 2022 - 11:08 AM
Time window for that drop...if it comes...starts about now....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 23 September 2022 - 11:26 AM
As I suspected was very reasonably possible, 4 hour held on G/S ratio.
IF and when that gets broken will likely be the time to give it a go for the longer term.
But no idea when that might be at this point.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 23 September 2022 - 11:57 AM
Gold still holding....
Possibility of the J-Lo bottom if bears cannot break 1640 pretty soon.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
