GDX 3 pushes up into that 900 day....
I would not be long back below 31.50 one more time...
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
6049 replies to this topic
#51
K Wave
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Posted 12 January 2023 - 09:56 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
#52
K Wave
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Posted 12 January 2023 - 10:02 AM
USD CHF with VERY important action here dead ahead.
They were not able to crack the super important 92 level. if it now starts to climb back out over 94, could see huge reversal of fortune in Uncle Buck here....
Below 92, reversal bets likely off the table...
Edited by K Wave, 12 January 2023 - 10:02 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
#53
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Posted 12 January 2023 - 10:22 AM
And is likely The Pivot for GDX....see if bulls can make it through the day still above 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
#54
dharma
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Posted 12 January 2023 - 10:50 AM
this is all being set up for the fed. i respect senors opinion, i do think w/silvers failure to confirm golds move , we are setting up for a correction. i think the stock market is set up for a big correction. getting into earnings season , i expect earnings to be disappointing. just my 2c
dharma
druckenmiller
https://twitter.com/...309207729545217
Edited by dharma, 12 January 2023 - 10:53 AM.
#55
senorBS
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Posted 12 January 2023 - 11:56 AM
And yet another epic failure on Silver at 24.
Mr Market may be trying to tell us something...
message IMO is don't be so overly concerned on the short term, Ms mkt has been telling us to buy the dips, that's my take
Senor
#56
K Wave
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Posted 12 January 2023 - 04:15 PM
GDX with the Hangin' Man at the 900....now likely super important that pivot low today holds...bulls do not want to see confirmation candle print here tomorrow...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#57
dougie
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Posted 12 January 2023 - 07:04 PM
is silver failing to confirm gold a warning sign or a headfake?
#58
K Wave
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Posted 13 January 2023 - 10:13 AM
Watch 32.25 area on GDX.....last thing bulls want here is for this to reverse and print a long tailed confirmation candle on the Hangin' Man
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#59
linrom1
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Posted 13 January 2023 - 10:33 AM
This formation could be very explosive?
#60
dougie
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Posted 13 January 2023 - 12:43 PM
This formation could be very explosive?
thought you were bearish?
