G/S...essentially need to take out 89.20 before back above 89.50 now...
we either have a wave 1 of a new bull market or more backing and filling
Started by
dharma
, Jan 05 2023 06:30 PM
5828 replies to this topic
#4631
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Posted 28 March 2024 - 01:19 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
#4632
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Posted 28 March 2024 - 01:20 PM
NOT super comfortable as long as 89 still holding....
If they can take silver out the top into the close, that may ease.....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#4633
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lasergirl
Posted 28 March 2024 - 02:27 PM
"Daytrading -- An Extreme Sport !"
#4635
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Posted 28 March 2024 - 08:45 PM
They got SLV and AGQ to clear all those spikes after hours....executed the game plan perfectly today
If this sticks on Monday, bears are toast....
Edited by K Wave, 28 March 2024 - 08:45 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
#4636
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Posted 29 March 2024 - 08:27 AM
When this monthly CRB gets a full breakout, next stop is likely well above the old highs at 480...
Consolidation may be just about done here
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#4637
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Posted 29 March 2024 - 08:28 AM
DBA already on the move.....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#4638
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Posted 29 March 2024 - 08:32 AM
SLV did not quite get the full Rising 3 Methods as it did not quite clear the first red candle...but if we get a strong April should not matter...
I have a feeling DBA may be the harbinger...now we see if a whole bunch of other things join in soon...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#4639
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Posted 29 March 2024 - 08:49 AM
Silver Euro still has potentially one of the most powerful bases ever witnessed.....
IF and when it starts to live above it (maybe next week), who knows where things stop....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#4640
senorBS
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Posted 29 March 2024 - 09:39 AM
Oil may be bottoming now and a spring 2024 high looks like it's coming. There is clearly 5 waves down on the chart.
what vehicles would you choose to play that one as I concur
Gush leveraged fund might be a good one to buy if you don't want to get into options or futures on oil.
Check out the daily/weekly XOP chart and tell me that it does not look like a massive bullish contracting triangle from the June, 2022 rally peak near 170. We now appear in the latter stages of wave E and it could end any time IMO. One of the better counts out there IMO, as always DYODD
Senor
Yes it's looking bullish for oil not so good for inflation, the chart looks like a test of the previous breakout.
The only mistake in this forecast from mid-dec 2023 is that Wave "E" of this very high confidence pattern went about 2 XOP dollars lower in mid Jan for the final bottom. This is a classic and VERY high confidence pattern which will likely end at that 175-180 "area" for a VERY impt TOP from which at a minimum I expect a decline back to 125-130 area. IMO this is a fantastic "road map" and I will be exiting my energy longs when target area is reached and probably then looking to establish some short positions.as always DYODD
Senor
