5765 replies to this topic

[K Wave]

Silver still unable to punch out over 24....

 

If it eventually does, that might be pretty bullish...but in the meantime, possibly ominous...

[Russ]

gold new highs silver not=divergence.  sure looks like it is topping to me.  

dharma

I am out of my gold stocks now, it might go higher but the risk seems greater now with silver diverging and weak momentum. I also have a developing signal on Silver for a low in the April time frame. Looks like Silver is about to enter into wave 3 into the downside. 

[Russ]

Dust is looking bullish... 

Edited by Russ, 09 January 2023 - 02:17 PM.

[dharma]

i believe this is a counter trend rally in the broad market.  odds are it has higher to go. just my opinion.   

dharma

[dharma]

some interesting stuff

dharma

[senorBS]

 

gold new highs silver not=divergence.  sure looks like it is topping to me.  

dharma

I am out of my gold stocks now, it might go higher but the risk seems greater now with silver diverging and weak momentum. I also have a developing signal on Silver for a low in the April time frame. Looks like Silver is about to enter into wave 3 into the downside. 

 

totally disagree but that is what makes markets, worse case I have 5 up all over the pace and we correct that, we see

 

Senor

[dougie]

i am starting to like the bearsih sentiment around here.

Normall I am the bearsih guy.

sure i can see those things but I can also see a quick run that slaps peoples butts

[jabat]

Avi    Nightly Wave Analysis     Market Update

A Bit More Risk

With the market moving directly to the 3945SPX region, it has made it less likely that we are tracing out a diagonal as we have been tracking for the last week.  Rather, the best case scenario would now be a larger degree wave 1 leading diagonal, which I have outlined on the 5 minute chart.   

But, please remember we MUST complete all 5 waves up to make it more probable.  Until that happens, this can easily be a corrective b-wave rally, as now shown in purple, which would point us down to the 3600SPX region.

So, unfortunately, this extension has added more risk to the region wherein we currently find ourselves.  And, I felt it wise to send out an update to at least alert you to this potential.  And, if I see a CLEAR 5-wave decline develop off a high, then I will have to take this purple potential much more seriously.  

As far as positioning is concerned, I will not be adding any further long positions until we actually complete all 5 waves up for wave 1, followed by a corrective wave 2 pullback, and then break out over the high of wave 1. Until then, I am going to keep be much more cautious and keep a tighter leash on the long I added a few weeks ago.  An impulsive break down below 3850SPX is a strong warning about purple.

[jabat]

https://goldpredict.com/archives/37326

[senorBS]

i am starting to like the bearsih sentiment around here.

Normall I am the bearsih guy.

sure i can see those things but I can also see a quick run that slaps peoples butts

Si, finally get whats looking to be a "real bull" and got loys of doubters, me like dat

 

Senor