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


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#5471 K Wave

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Posted 17 April 2024 - 04:00 PM

There was scary little dip on Dow in late September 1982...right before it found its footing and launched for eternity...

 

Cuz often times...You Gotta Shake It....Before You Bake It

 

 

 


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

 

 


#5472 K Wave

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Posted 17 April 2024 - 04:04 PM

That dip was much more tame on Naz at the time...that could easily happen as well....

 

Back above 34 on GDX, whenever it comes, is reasonably likely the launch trigger....

 


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

 

 


#5473 K Wave

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Posted 17 April 2024 - 04:07 PM

current GDX daily

 

couple more days of sideways down possible...but as long as it holds backtest of that daily 900...liking bulls longer term chances.....

 


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

 

 


#5474 K Wave

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Posted 17 April 2024 - 04:09 PM

Anyway, here's to hoping we are days away from being able to sit back and

 


Edited by K Wave, 17 April 2024 - 04:10 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

 

 


#5475 K Wave

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Posted 17 April 2024 - 04:14 PM

Hourly UVXY now looking like if Bears get it above 41, they could do some serious damage.

 


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

 

 


#5476 dougie

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Posted 17 April 2024 - 06:22 PM

GDX still looking like nice orderly climb out

 

But.... should it fail to hold 33.20 on a stock/btc wipeout, might need to step aside until the dust clears for a bit

 

 

 

i favor another low



#5477 dougie

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Posted 17 April 2024 - 06:25 PM

BTC still very much in area where crash like activity could suddenly show up

 

Again....that fail to launch at 70 was potentially a HUGE failure

 

Doesnt this work?



#5478 senorBS

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Posted 17 April 2024 - 06:38 PM

 

GDX still looking like nice orderly climb out

 

But.... should it fail to hold 33.20 on a stock/btc wipeout, might need to step aside until the dust clears for a bit

 

 

 

i favor another low

 

as I said recently we could need still a wave "c" down if this rally past few days is/was a "b" wave, however IMO the focus should be on being long,as always DYODD

 

Senor



#5479 dougie

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Posted 17 April 2024 - 06:58 PM

 

 

GDX still looking like nice orderly climb out

 

But.... should it fail to hold 33.20 on a stock/btc wipeout, might need to step aside until the dust clears for a bit

 

 

 

i favor another low

 

as I said recently we could need still a wave "c" down if this rally past few days is/was a "b" wave, however IMO the focus should be on being long,as always DYODD

 

Senor

 

Thanks senor



#5480 K Wave

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Posted 18 April 2024 - 07:53 AM

Right about here could be the big pivot zone on UVXY...so either bears pounce PDQ, or they may lose their chance for now

 


Edited by K Wave, 18 April 2024 - 07:56 AM.

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