Buying vista gold here. Positive divergence all around
Senor sells ALL longs
Started by
senorBS
, Jul 31 2007 08:39 AM
27 replies to this topic
#21
Posted 01 August 2007 - 09:15 AM
#22
Posted 01 August 2007 - 10:20 AM
Still holding GSS, NXG, USERX, TGLDX Sold SLW this am for a small profit. Looking to buy back at lower prices.
Best to you
Peace
johngeorge
johngeorge
#23
Posted 01 August 2007 - 10:52 AM
good thoughtful thread. i am raising my downside potential to xau141 area. there is more time left for the downside. til early next week. dharma
#24
Posted 01 August 2007 - 11:00 AM
John, here's the thing: there is no REQUIREMENT that an A-B-C-D-E triangle leads to a powerful, immediate breakout. It often does, but it's not a necessary requirement of the pattern. Until the E low is taken out, you can read the ups and downs from that point as 1-2's.
Add the seasonality in and you've got a quite a mix.
#25
Posted 01 August 2007 - 11:31 AM
hi john,
Good point. And that's why I don't hang my hat on ewave analysis alone. Too many possible outcomes with this complex correction. Good luck in your trading.
cheers,
john
Until the E low is taken out, you can read the ups and downs from that point as 1-2's.
Good point. And that's why I don't hang my hat on ewave analysis alone. Too many possible outcomes with this complex correction. Good luck in your trading.
cheers,
john
"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain
#26
Posted 01 August 2007 - 01:17 PM
jnavin, i dont know what else you use, but i think your e wave analysis is tops!
we are in agreement in the outcome for the next several months. my concern is until we get out of venus retrograde, which ends 9/8.
dharma
#27
Posted 01 August 2007 - 02:20 PM
The only one I know is "mercury retrograde", dharma -- but I'm looking up "venus retrograde" now...or I'll ask my wife. She knows that stuff.
#28
Posted 01 August 2007 - 02:50 PM
jnavin, there is a very high % reversal of trends when venus goes retrograde. essentially, everything reversed, gold, dollar, broads, etc. it is very powerful. dharma