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


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#731 Russ

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Posted 08 March 2023 - 10:18 PM

 

One very valuable thing I leaned on the main board, from a member whose name I can't remember now and I don't think he is still here, is to measure the width of a wedge formation at it's widest part (where the bars are) and then use that width as a guide for how far a break out of the wedge can go, based on that the dollar index could get up to the 113 level on this move, if that theory holds. 'IF' is a pretty big word for something with 2 letters. biggrin.png For those interested, the reason I prefer a black background on my charts if because when I am staring at them for hours is is easier on my old eyes, less glare. 

 

I might add in my comments to Stubaby that if I was as thin skinned as Kwave I would have left the board when Dougie said to me "still drawing lines Russ". 

 

where did i say that?

 

You said it a few years ago.


"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong



http://marketvisions.blogspot.com/

#732 stubaby

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Posted 08 March 2023 - 11:04 PM

I didn't realize Kwave was not posting anymore. That's a big loss for the board becasue he has the uncanny ability to focus on stocks before they can make big moves.

 

I hope that Kave you post again. People don't realize that it takes a lot effort to do what he is doing.

Exactly - he was sharing his craft he has perfected over a lifetime



#733 stubaby

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Posted 08 March 2023 - 11:10 PM

US Dollar Chart:

 

https://schrts.co/eKgQFXTv


Edited by stubaby, 08 March 2023 - 11:10 PM.


#734 linrom1

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Posted 09 March 2023 - 10:25 AM



#735 linrom1

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Posted 09 March 2023 - 10:28 AM



#736 dougie

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Posted 09 March 2023 - 01:50 PM

US Dollar Chart:

 

https://schrts.co/eKgQFXTv

what are we supposed to be seeing there Stu?



#737 stubaby

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Posted 09 March 2023 - 02:50 PM

 

US Dollar Chart:

 

https://schrts.co/eKgQFXTv

what are we supposed to be seeing there Stu?

 

A very large triangle with a pennant on the right side just above the top line of the large triangle - super-bullish long-term pattern - short term action could be forming a small triangle above the pennant


Edited by stubaby, 09 March 2023 - 02:54 PM.


#738 linrom1

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Posted 09 March 2023 - 03:29 PM

Dharma might have been right all along. We might be going down until 2024. This one is stuck in a down trending channel with lower highs and lower lows.



#739 dougie

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Posted 09 March 2023 - 07:28 PM

 

 

US Dollar Chart:

 

https://schrts.co/eKgQFXTv

what are we supposed to be seeing there Stu?

 

A very large triangle with a pennant on the right side just above the top line of the large triangle - super-bullish long-term pattern - short term action could be forming a small triangle above the pennant

 

so you are wary metals i take it?



#740 Russ

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Posted 10 March 2023 - 10:52 AM

A 'W' bottom looks to have formed in GDX and a wave 3 appears to be unfolding in Gold now.  I do not think gold will go down for another week into the Solstice now. Hot darn. in retrospect my signal for a low on the Solstice was a weak signal that was not totally confirmed and we need to look at what the price action, trendlines and divergences are showing.  

 

 

 


"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong



http://marketvisions.blogspot.com/