http://stockcharts.c...0641&r=7467.png
A possible Roadmap for GDX over next several weeks
Started by
Woody
, Dec 29 2006 10:56 AM
18 replies to this topic
#2
Rock
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Posted 29 December 2006 - 11:08 AM
I agree with the near term drop coming.
As I said yesterday we are kissing down
from the Oct. Nov. lows TL now. Gdx
38 should break.
Some JRs are getting whacked.
ca:jin off 8% in a minute this morn.
AGT off 12% yesterday
ca:CGP down 6% today and falling.
Tuesday may be an airpocket.
Bullion into the 580's is likely according to
Clivemaund.com
#3
Woody
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Posted 29 December 2006 - 11:24 AM
I agree with the near term drop coming.
As I said yesterday we are kissing down
from the Oct. Nov. lows TL now. Gdx
38 should break.
Some JRs are getting whacked.
ca:jin off 8% in a minute this morn.
AGT off 12% yesterday
ca:CGP down 6% today and falling.
Tuesday may be an airpocket.
Bullion into the 580's is likely according to
Clivemaund.com
If we break the $37-$37.5 area then a test of the lower trading range is possible at $32, otherwise I wouldnt go long in st until we break through some resistance
#4
dougie
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Posted 29 December 2006 - 01:06 PM
bearish sentiment seems to abound, though not confirmed by put/call
rydex confirms, as does newsletters bearishness; but being cautious likely wise
#5
senorBS
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Posted 29 December 2006 - 07:37 PM
bearish sentiment seems to abound, though not confirmed by put/call
rydex confirms, as does newsletters bearishness; but being cautious likely wise
Is this another case of most looking for that "one more leg down" and prices instead are poised to move grande norte from here? No one knows of course, but Senor thinks there is nada left to the downside, but it really does not matter to him since he is holding long from lower levels.
NO BS
Senor
#6
swanstkdh
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Posted 29 December 2006 - 08:52 PM
Clive has missed lately.
#7
dharma
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Posted 30 December 2006 - 12:01 PM
a new high for this move will give us 5 waves up off the 12/22 low. should that occur then we resume up. this is my preferred outlook. although i am aware of the other possibility. dharma
#8
dougie
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Posted 30 December 2006 - 04:52 PM
welcome back dharma...
you would see any up as a 5 of what perchance?
#9
dharma
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Posted 31 December 2006 - 11:31 AM
yes, so far we have had 3 waves up off the 12/22 low. if that should happen then i think we are in 3of 3. remember w/commodities wave 5 are the big parabolic moves. although i think this wave should be quite impressive! dharma
hi dougie
#10
senorBS
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Posted 31 December 2006 - 03:56 PM
yes, so far we have had 3 waves up off the 12/22 low. if that should happen then i think we are in 3of 3. remember w/commodities wave 5 are the big parabolic moves. although i think this wave should be quite impressive! dharma
hi dougie
There is overlap off 12/22 low, if we go norte of 40.35 then 3 of 3 from 38.30 is unfolding in Senor's view.
PURE BS
Senor
