27 replies to this topic

[senorBS]

Senor confused here and just exited all longs in the first 5 minutes of trading. Senor wants to watch for a while. PURE BS Senor

[endisnear]

Senor, what is your take on silver? I'm in slv from sub 126...

[senorBS]

Senor,
what is your take on silver?

I'm in slv from sub 126...

I said I am confused here amigo, that means on gold and silver and the stocks. When Senor is confused like this he leaves the field of play.

NO BS

Senor

[dharma]

fwiw, i think we had a 5 wave down move on xau this is the B wave and we tagged the 89itma from underneath(on the hourly charts), which also happens to be the .618 retracement. i think this market tops today or tomorrow am and then heads back to xau 135-137. then i think the xau hits 260 in the 1st quarter of 08. dharma

[senorBS]

fwiw, i think we had a 5 wave down move on xau this is the B wave and we tagged the 89itma from underneath(on the hourly charts), which also happens to be the .618 retracement. i think this market tops today or tomorrow am and then heads back to xau 135-137. then i think the xau hits 260 in the 1st quarter of 08. dharma

Could be amigo, Senor basically agrees but more bearish possibility is XAU drops below Oct low at 117.44 in wave C, then bottoms and heads grande norte. Bueno time to be watching.

NO BS

Senor

[Tor]

fwiw, i think we had a 5 wave down move on xau this is the B wave and we tagged the 89itma from underneath(on the hourly charts), which also happens to be the .618 retracement. i think this market tops today or tomorrow am and then heads back to xau 135-137. then i think the xau hits 260 in the 1st quarter of 08. dharma

Could be amigo, Senor basically agrees but more bearish possibility is XAU drops below Oct low at 117.44 in wave C, then bottoms and heads grande norte. Bueno time to be watching.

NO BS

Senor

That would be a heck of a whipsaw! I mean up then down, then break down then up. I see the gold seasonals begin to be positive from start august. www.seasonalcharts.com

Edited by Tor, 31 July 2007 - 11:05 AM.

[dharma]

i dont give that possibility a high% because i think the last move up was an impulse. and the downmove was 5 waves and if A=C then we go into the mid 130s. i did sell one company sa which i have been holding since 7. dharma

[ageka]

I am confused too More precisely as how far up we go before we go down again I am preparing to buy anywhere between 13 and 31 august Not that I sold anything ; just that I still got cash

[senorBS]

[quote name='Tor' date='Jul 31 2007, 11:04 AM' post='303373']
[quote name='senorBS' post='303367' date='Jul 31 2007, 11:52 AM']
[quote name='dharma' post='303346' date='Jul 31 2007, 10:02 AM']
fwiw, i think we had a 5 wave down move on xau this is the B wave and we tagged the 89itma from underneath(on the hourly charts), which also happens to be the .618 retracement. i think this market tops today or tomorrow am and then heads back to xau 135-137. then i think the xau hits 260 in the 1st quarter of 08. dharma
[/quote]


Could be amigo, Senor basically agrees but more bearish possibility is XAU drops below Oct low at 117.44 in wave C, then bottoms and heads grande norte. Bueno time to be watching.

NO BS

Senor
[/quote]

That would be a heck of a whipsaw! I mean up then down, then break down then up. I see thseasonals begin to be positive from start august. www.seasonalcharts.com



Dharma, problemo is that while the last rally might look impulsive how do you then count the rally from last March and then from October? That is the grande question. And it will look even more suspect if the XAU declines all the way back to 135-137.

BSing away

Senor

[PorkLoin]

Looks like a big mess to me, although the chart from 2000 still is mighty bullish IMO. Might be a complex double-three or triple-three, and completing this month's downmove can be counted as the 11th wave from the 2006 high, i.e. one big correction.

But, who knows? Sure is meandering.


Doug