we will hold 850, we are bouncing off the old 1980 high. we are almost done forming the right shoulder of a head and shoulders bottom...
bears fur will be getting thick down here... but we hold 850 even though sloppy action....
the next leg up will be very vertical just like platinium was.
we are holding 1980 high just like PLATINUM did. see my previous chart on this.
How low does it go?
Started by
senorBS
, May 29 2008 02:26 PM
15 replies to this topic
#11
tradesurfer
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#12
gvc
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Posted 31 May 2008 - 09:17 AM
My perfect storm would be a decent low print the first couple days of next week then straight up until third week of July. If Gold can push past 940 with a little conviction early in the month, then that'll set the stage for more fireworks into July, imo
#13
stubaby
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Posted 31 May 2008 - 03:30 PM
we will hold 850, we are bouncing off the old 1980 high. we are almost done forming the right shoulder of a head and shoulders bottom...
bears fur will be getting thick down here... but we hold 850 even though sloppy action....
the next leg up will be very vertical just like platinium was.
we are holding 1980 high just like PLATINUM did. see my previous chart on this.
tradesurfer:
I also noticed the potential H&S bottoming pattern - also simmular pattern in the XAU.
http://stockcharts.com/h-sc/ui?s=$XAU...&a=15623961
stubaby
#14
senorBS
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Posted 04 June 2008 - 10:55 PM
we will hold 850, we are bouncing off the old 1980 high. we are almost done forming the right shoulder of a head and shoulders bottom...
bears fur will be getting thick down here... but we hold 850 even though sloppy action....
the next leg up will be very vertical just like platinium was.
we are holding 1980 high just like PLATINUM did. see my previous chart on this.
tradesurfer:
I also noticed the potential H&S bottoming pattern - also simmular pattern in the XAU.
http://stockcharts.com/h-sc/ui?s=$XAU...&a=15623961
stubaby
What if we break this possible right shoulder? Risk is muy high in Senors opinion, a pronto plunge below 850 to 800 could occur as fast as Senor can down a margarita! Ole!
Now that is no BS and that is F A S T
Senor
#15
diogenes227
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Posted 04 June 2008 - 11:59 PM
Gee, did no one get this short? In hindsight, it was a pretty good one. 
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
#16
dougie
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Posted 05 June 2008 - 07:40 PM
how about todays nice long: other than Dharma, who called it?
