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seems its time for a new thread. war markets are treacherous

Started by dharma , Mar 02 2022 10:38 AM

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#3831 dougie

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Traders-Talk User
9,046 posts

Posted 02 December 2022 - 03:29 PM

BTW it looks to me like one more DXY new DAILY low down toward 105 area could complete a nice 5 down from the rally highs, that actually fits nicely with a lot of the possible miner counts ending a wave 5 up soon, we see and as always DYODD

Senor

so far so good as DXY just eked out a new decline low below 105.32 in a possible 5th wave that could have more to go. We could be in the latter stages of 5 down and also 5 up in miners, XGD easily moved to a new high last night (likely wave 5 as well), let's see how it plays out near term

Senor

OK wave 5 up in miners/down in DXY just might be over, if it is a 2–4-week correction would be expected and just perhaps, more bullish count is we keep goin higher with only small pullbacks for now - I favor the 5 up ending count, we see

Senor

..look at the weekly $gold and look at ADX(7)..the green line must get near 50 in high 40's at least for a top..it's 34.75 now so i favor a straight up move

to 1900 like the move up after the pandemic shock..

congrats Senor on your excellent trading..

donc

indeed

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#3832 dougie

Member

Traders-Talk User
9,046 posts

Posted 02 December 2022 - 03:30 PM

BTW it looks to me like one more DXY new DAILY low down toward 105 area could complete a nice 5 down from the rally highs, that actually fits nicely with a lot of the possible miner counts ending a wave 5 up soon, we see and as always DYODD

Senor

so far so good as DXY just eked out a new decline low below 105.32 in a possible 5th wave that could have more to go. We could be in the latter stages of 5 down and also 5 up in miners, XGD easily moved to a new high last night (likely wave 5 as well), let's see how it plays out near term

Senor

OK wave 5 up in miners/down in DXY just might be over, if it is a 2–4-week correction would be expected and just perhaps, more bullish count is we keep goin higher with only small pullbacks for now - I favor the 5 up ending count, we see

Senor

..look at the weekly $gold and look at ADX(7)..the green line must get near 50 in high 40's at least for a top..it's 34.75 now so i favor a straight up move

to 1900 like the move up after the pandemic shock..

congrats Senor on your excellent trading..

donc

Gracias, but with this morning's gold/silver/miner decline (dollar rally) I currently favor the case 5 up daily has ended and we now correct for 2-4 weeks, just my take and I will remain flexible and will stay with a 15% core position.

Senor