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we either have a wave 1 of a new bull market or more backing and filling


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#1611 Russ

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Posted 19 September 2023 - 02:24 PM

by the way , historically kwave is right , this always has ended in war.    i am an optimist. so i am thinking there will be no war.   lets hope.

dharma

There already is a War, it is a proxy war with NATO and the US dumping arms and billions into Ukraine to support their puppet attacking Russia. 


"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"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



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#1612 K Wave

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Posted 20 September 2023 - 07:58 AM

After holding 21 nicely, SLV still working higher after the notable Island Bottom...

 

next area 21.60...

 

Above that combined with GDX above 30 could be first real indication that Island Bottom could turn out to be something important in the bigger scheme of things...

 

Back below 21 now would be sign of weakness...

 


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#1613 K Wave

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Posted 20 September 2023 - 09:08 AM

GDX up towards 30 again...getting interesting....


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#1614 senorBS

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Posted 20 September 2023 - 09:32 AM

GDX up towards 30 again...getting interesting....

Yep, been so many day-to-day gyrations past 2-3 weeks with no trend it would be nice to at least a "convincing" near term breakout. Still need to get through this afternoons Fed stuff. Holding about 15% long now which is about all I want until we get something more definitive.

 

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#1615 Russ

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Posted 20 September 2023 - 10:29 AM

Dollar breaking below it's bear flag support line.... 


"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"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/

#1616 linrom1

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Posted 20 September 2023 - 10:44 AM

Everyone was expecting it to break to the downside. This is now either ABCDE to finish wave B, or beginning of WAVE III?



#1617 dougie

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Posted 20 September 2023 - 03:00 PM

11 years is a long time. what is another 6 months or so?



#1618 K Wave

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Posted 20 September 2023 - 07:17 PM

OK...pivots are set pretty much right where expected...

 

Now we see which gets broken first....

 

Under 21 things get iffy, and below the Island bottom...LOB

 

Above 21.60 now, and I start to like bulls chances a bit better....

 


Edited by K Wave, 20 September 2023 - 07:17 PM.

The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#1619 dougie

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Posted 20 September 2023 - 10:18 PM

yen is looking like do or die time. I favor do.

Gold knocking on the top of the channel



#1620 Smithy

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Posted 21 September 2023 - 08:52 AM

SLV make-or-break low so far exactly $21.00

Nice forecast, KW.