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


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#8631 linrom1

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Posted 31 July 2024 - 09:14 AM

Copper up big. Everything is accelerating into recession as it is supposed to like in 2007.



#8632 K Wave

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Posted 31 July 2024 - 09:17 AM

Copper up big. Everything is accelerating into recession as it is supposed to like in 2007.

 

The real clues likely come in couple of days after Apple and earning head games are over

 

Bonds moving nicely here though


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

 

 


#8633 K Wave

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Posted 31 July 2024 - 09:19 AM

What Silver bulls must do now is actually reclaim G/S 84...and NOT let it turn into support...may be a bit of a battle here for a bit


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

 

 


#8634 beta

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Posted 31 July 2024 - 09:24 AM

 

what did i miss to see  gold soaring and equities tanking?

 

 

 

 

On a separate but related note, SMH broke its key support level @ 235.   A close around these levels implies another 8-10% down draft in the works.

 

Getting close to my targets SMH 227/ NVDA 102. 

 

any thoughts on a long at those targets for a bounce?

 

111-116 zone.  SMH hit the 62% Fibo of retrace from April lows, and 1st Fibo of move from Oct 23 lows. 

 

Exit NVDA @ 115.  Back in SSG @ 8. 


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#8635 linrom1

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Posted 31 July 2024 - 09:36 AM

 

Copper up big. Everything is accelerating into recession as it is supposed to like in 2007.

 

The real clues likely come in couple of days after Apple and earning head games are over

 

Bonds moving nicely here though

 

This is Samsung, just reported good earnings. Maybe it means they're taking share from AAPL?



#8636 K Wave

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Posted 31 July 2024 - 12:42 PM

So far...silver bears defending that 84 G/S

I suspect we may know by the end of the week whether the bull is still alive or not......

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

 

 


#8637 K Wave

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Posted 31 July 2024 - 01:49 PM

GdX holding up pretty strong off the support at 36....

Just need that gold silver ratio breach now

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

 

 


#8638 K Wave

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Posted 01 August 2024 - 10:15 AM

Looks like 5 and 10 min line up around 28.40... if that holds and we get back above 29, could be good to go...back below 28 could now be a problem.

Likely no decision until after apple later

Exciting times.....

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

 

 


#8639 beta

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Posted 01 August 2024 - 11:29 AM

Note how IWM led the charge down this AM.

 

My guess is that we're in the B wave of a major2.  Holding NVDA puts. 

 

Bullz' best case scenario is a higher retest of yesterday's lows.   Otherwise, it's a long ways down.


Edited by beta, 01 August 2024 - 11:30 AM.

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#8640 dharma

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Posted 01 August 2024 - 12:04 PM

fwiw we maybe in wave 3  down or wave C down??

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