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


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#5541 K Wave

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Posted 19 April 2024 - 01:43 PM

UVXY pushin' up as GDX struggles to hold 34

 

Ugly Fridays have known  have been known to lead to Dark Mondays ......


Edited by K Wave, 19 April 2024 - 01:43 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

 

 


#5542 K Wave

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Posted 19 April 2024 - 01:54 PM

IF 34 manages to hold though Monday...then GDX may be ready.....


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

 

 


#5543 dharma

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Posted 19 April 2024 - 01:56 PM

nvda starting to get some serious downside mojo

dharma



#5544 K Wave

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Posted 19 April 2024 - 01:56 PM

UVXY..... does it finally punch through here and enter the much bigger air gap windows?????

 

If not today, then Monday a quite reasonable proposition at this point.

 


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

 

 


#5545 K Wave

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Posted 19 April 2024 - 01:58 PM

nvda starting to get some serious downside mojo

dharma

 

 

GDX generally does not do so well during an actual crash wave.....

 

So.....IF...GDX turns into breakout....oops...fakeout over 34 today......then careful


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

 

 


#5546 senorBS

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Posted 19 April 2024 - 01:59 PM

IF 34 manages to hold though Monday...then GDX may be ready.....

yeah it's nice to see gold/silver/miners and energy sector all doing fine when many gen mkt sectors selling off hard, z times have changed 

 

Senor



#5547 K Wave

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Posted 19 April 2024 - 02:02 PM

PL...railroad car at the 200 week....

 

And again, PL weakness was the clue in 2020

 

Not saying this will be the same, but if PL bulls do not get on their ponies and ride hard fast and soon.....trouble could be lurking here....

 

I think if metals survive next week still intact, then the leaders could be be free to run....

 

But certainly no guarantees with this action.....

 

 

 

 


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

 

 


#5548 K Wave

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Posted 19 April 2024 - 02:15 PM

This looks like a key break on Apple weekly

 

Next week could interesting there...155 are first obvious target...if it crashes right on through that...then the great popping is likely upon us....

 

 

 


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

 

 


#5549 K Wave

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Posted 19 April 2024 - 02:17 PM

And Tesla well on along on its trip down the other side of the mountain....

 

Massive increase in competition (especially from the Chinese), combined with stale product offerings and layoffs can do that to a stock

 


Edited by K Wave, 19 April 2024 - 02:17 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

 

 


#5550 dougie

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Posted 19 April 2024 - 02:51 PM

nvda starting to get some serious downside mojo

dharma

what happened there? what goes up must come down?