Edited by dharma, 10 August 2007 - 11:46 AM.
Senor now 50% long
Started by
senorBS
, Aug 10 2007 08:52 AM
19 replies to this topic
#11
dharma
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Posted 10 August 2007 - 11:45 AM
i am watching 145.62 on the hourly xau charts. it is where the 89pd ma comes in .it has capped the last 2 hours move i want to see a couple of hourly closes above that level, then i will think the lows are behind us dharma
#12
dougie
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Posted 10 August 2007 - 12:41 PM
why not see all of this up off the lows of last week as an ABC 2 wave with todays up the C
#13
senorBS
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Posted 10 August 2007 - 12:50 PM
i am watching 145.62 on the hourly xau charts. it is where the 89pd ma comes in .it has capped the last 2 hours move i want to see a couple of hourly closes above that level, then i will think the lows are behind us dharma
Not impossible but the gold and silver trading looks muy bullish to Senor, so I favor the more bullish counts in the XAU. Of course this is muy tough and importante trading, so a trader takes their shots and see what happens.
NO BS
Senor
#14
dougie
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Posted 10 August 2007 - 01:41 PM
senor: just have to ask: yesterday was muy bearsih and today is muy bullish...i am getting seasick...
#15
dharma
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Posted 10 August 2007 - 01:43 PM
the injection of liquidity by the international community is the largest since sept 01 and if memory serves me that was the kickoff to the gold bull in the 1st place. this latest is the booster rocket. buckle up! dharma
#16
senorBS
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Posted 10 August 2007 - 01:46 PM
i am watching 145.62 on the hourly xau charts. it is where the 89pd ma comes in .it has capped the last 2 hours move i want to see a couple of hourly closes above that level, then i will think the lows are behind us dharma
Not impossible but the gold and silver trading looks muy bullish to Senor, so I favor the more bullish counts in the XAU. Of course this is muy tough and importante trading, so a trader takes their shots and see what happens.
NO BS
Senor
Me too. But I think they are trying MUY hard to shake all the weak hands out of the gold market.
BSing away
Senor
#17
dougie
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Posted 10 August 2007 - 05:32 PM
the bullish case is this is all a 2nd wave after the apparent breakout failure being a wave 1 ?
#18
senorBS
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Posted 11 August 2007 - 10:34 AM
the bullish case is this is all a 2nd wave after the apparent breakout failure being a wave 1 ?
Si Dougie, that would be the bullish count as Senor currently sees it. Of course things can change muy rapido.
BSing away
Senor
#19
Tor
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Posted 11 August 2007 - 11:11 AM
That would make it a wave 3 of 3 of 3 I think, if it happened.
Observer
The future is 90% present and 10% vision.
The future is 90% present and 10% vision.
#20
gvc
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Posted 11 August 2007 - 11:52 AM
That would make it a wave 3 of 3 of 3 I think, if it happened.
SWEET
