Silver bulls huffin' and puffin' up here at $24, but so far unable to blow that level away...
Another trip down to 23.80 could be no bueno now for short term.
As I was sayin'....
Terrible tape action yesterday....ignore that at your peril...
seems its time for a new thread. war markets are treacherous
Started by
dharma
, Mar 02 2022 10:38 AM
4036 replies to this topic
#3981
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Posted 28 December 2022 - 11:56 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
#3982
senorBS
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Posted 28 December 2022 - 12:42 PM
I am no astro guy but I have to ponder with the Merc retro Dec 29 situation and severe tax selling if we might not get a low in many markets, including gen stock mkt. For example, the Semis (SMH)look like a clear 5 up off the years Oct low (A or 1) and now a wave B or 2 retracement may be near completion and it also looks like the potential right shoulder of a large Head and Shoulders bottom. Assuming things like gold/silver/oil may be putting in secondary lows as well? just food for though, we see
Senor
#3983
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Posted 28 December 2022 - 12:44 PM
Watch this backtest of 168 area on GLD...
If it fails, downside swoosh could be on its way....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#3984
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Posted 28 December 2022 - 12:46 PM
As you can clearly see, GLD has not yet broken through 4 hour bear defenses...and that momo picture not so appealing for bulls...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#3985
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Posted 28 December 2022 - 12:48 PM
Dr. Copper likely to lead any reversal break....
watch 3.82 and then 3.80
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#3986
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Posted 28 December 2022 - 12:51 PM
Here comes the 1 min backtest on GLD....now we see??
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#3987
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Posted 28 December 2022 - 01:26 PM
Dr Copper's pilot coming in for the Touch N Go attempt...if he can clear the trees at the end of the runway, then crash avoided....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#3988
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Posted 28 December 2022 - 01:34 PM
Dr. Copper....Need More Lift.....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#3989
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Posted 28 December 2022 - 01:36 PM
GLD 1 min line holding so far for bears
Back under 167.80 now could be first sign of real trouble....
time to tighten up those stops....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#3990
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Posted 28 December 2022 - 01:40 PM
This is NOT where bulls would like to see a spike reversal failure..
Remember, it is always about how things ACT at critical levels that matters....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
