5550 replies to this topic

[K Wave]

meanwhile the 4 hour wedgie on AGQ goes on and on and on and on.....

 

We will have a chance to make some real money soon....

 

[Smithy]

There is a case that GDX completed 5 waves up from the late Sept low, but it could subdivide and bust out the top.

Putting this in other words, the trend remains up but a 5% or so correction is due.

[senorBS]

There is a case that GDX completed 5 waves up from the late Sept low, but it could subdivide and bust out the top.

Putting this in other words, the trend remains up but a 5% or so correction is due.

that is possible and would love to see that to back up the "trucks"

 

Senor

[Smithy]

1/27/23

 

"The McClellan Price Oscillator for gold futures prices has reached a pretty high level, equivalent to what it did at the price top in March 2022, and it has just now turned down.  This is a bearish signal and could set off a pretty big pullback."

 

[K Wave]

 

There is a case that GDX completed 5 waves up from the late Sept low, but it could subdivide and bust out the top.

Putting this in other words, the trend remains up but a 5% or so correction is due.

that is possible and would love to see that to back up the "trucks"

 

Senor

 

Perhaps something along these line on AGQ?

 

The Ol' you gotta shake it...before you bake it...

Get everyone thinkin' breakout not comin' and then Wham! Liftoff

 

Almost ALL, with some exceptions, great moves start with a fakeout in the opposite direction to shake everyone out before the real move begins.

 

In any event, my parameters on Silver remain...A daily close above 24.20 along with G/S under 79....those two things happen, likely the real deal on the way.

 

 

On Silver itself. perhaps something along these lines..and again, a blast over 24.20 that sticks could launch it at any time.

 

[K Wave]

And if that were to happen, then perhaps something along these lines on G/S.

 

 

In any event, really a breach of 80 now would get my Silver bullish spidey senses tinglin'

 

 

 

[senorBS]

another very interesting possibility, "if" we continue down next week in a possible wave "c", is that the 38% retracements of this entire 5-up rally from lows last yr in most every index I look at basically projects to the filling of "area" the Jan 3 gaps! Could be a wild week ahead, we see

 

Senor

[Smithy]

The red wiggles of the last 6 weeks support your idea, Senor. 5 waves up from the mid Dec  bottom

 

 

[dougie]

deep into the weekly cycle here imo

which way for next move?

 

anybodies guess imo but if we go higher there will be lightening more DYOD

[K Wave]

After another day in the books...this still looks possible...

 

 

BUT...a move below today's pivot low could be first indication not going to happen...