11028 replies to this topic

[dougie]

i often wonder why this forum is so dead. the same small group of us for many years now

[Smithy]

I'm keeping my sights on the spot target of $2,357 posted weeks ago. Near enough would be good enough.

As Senor remarked, it's been a great run.

[beta]

$Silver chart shows a classic 5-wave progression from Feb lows, thus far.  Should peak around 27.50, then pullback to around 25.

 

Key is that it's busted thru 26.4 resistance and holding steady. 

 

 

$ilver hit 27.35 high so far in the overnight session.  Getting close.

Edited by beta, 03 April 2024 - 08:47 PM.

[Russ]

Gold stock inverse fund showing divergence on the squeeze momentum indicator at the top.  Armstrong also mentioned that gold going up into the May 7/8 pi cycle date would not be good, April is a turning point in his system.   

[Russ]

Bullish channel acting as resistance for the rally since Feb. This channel was shown by Armstrong weeks ago.

 

[K Wave]

Gold stock inverse fund showing divergence on the squeeze momentum indicator at the top.  Armstrong also mentioned that gold going up into the May 7/8 pi cycle date would not be good, April is a turning point in his system.   

 

My most likely scenario from here is sideways down into mid-april (the final turning point), and then absolute launch mode from there though May

 

How this seemingly developing pullback develops will likely shed further light on how likely that is.

 

But so far.....has pretty much been following the launch script since the Big Swing Low at the end of Feb

 

It will take A LOT of damage to ruin that.

 

But once Silver EUR and Silver AUD blow out the 2020 highs, it is OVER for the bears. Tested it yesterday, now perhaps sideways down for a bit, before they charge right on through a bit later.

Edited by K Wave, 04 April 2024 - 07:38 AM.

[K Wave]

Still my most preferred Gold route....

 

but if it totally blows out 2300, then could be even stronger and faster.

 

[K Wave]

UK...bears did not get very far....if it gets through the line, FTSE could explode into LT bull mode

 

[K Wave]

what happens next on Rusty could be HUGE...so far...just a pull back to hourly support.

 

So either bulls fail right about here, and blow that support out....or...Rusty climbs out over 2100 again and reasonably likely just keeps on going...perhaps for years.

 

Still open to either outcome at this CRITICAL moment in time...market will tell us what it wants pretty soon

 

[K Wave]

Watch UVXY here over next few days....

 

I do not think Bulls will survive another strong test of the 30 min line.

 

But HARD down from here could destroy the bears

 

real close to big decision....