Edited by dharma, 22 September 2014 - 10:37 AM.
bottoming?
#101
Posted 22 September 2014 - 10:29 AM
#102
Posted 22 September 2014 - 11:03 AM
#103
Posted 22 September 2014 - 11:05 AM
Edited by dharma, 22 September 2014 - 11:06 AM.
#104
Posted 22 September 2014 - 11:05 AM
#105
Posted 22 September 2014 - 11:19 AM
#106
Posted 22 September 2014 - 11:25 AM
agree! in the past this is the kind of set up where bottoms occur. will this time be different?SLV/Silver 14 bar RSI Friday was right at the most extreme oversold levels in the past decade, including the 2008 low. This guarantees nothing but along with sentiment IMO helps tell us how seriously the ol overbought/oversold rubber band is now stretched to the oversold side. It can go further but it is now at/near historical extremes.
Senor
i think not. but we will see
also the dollar seems stretched and is coming up against long term resistance.
then you have the solstice tomorrow 1st day of autumn wednesday=seasonal change
dharma
#107
Posted 22 September 2014 - 12:06 PM
agree! in the past this is the kind of set up where bottoms occur. will this time be different?SLV/Silver 14 bar RSI Friday was right at the most extreme oversold levels in the past decade, including the 2008 low. This guarantees nothing but along with sentiment IMO helps tell us how seriously the ol overbought/oversold rubber band is now stretched to the oversold side. It can go further but it is now at/near historical extremes.
Senor
i think not. but we will see
also the dollar seems stretched and is coming up against long term resistance.
then you have the solstice tomorrow 1st day of autumn wednesday=seasonal change
dharma
Yes Gannman said a few weeks ago the bottom may come in on the autumn equinox today. Silver's chart looks like an exhaustion gap too Senor, it just dropped straight down.
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#108
Posted 22 September 2014 - 12:18 PM
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#109
Posted 22 September 2014 - 01:05 PM
Silver has broken major support while gold has not, some say when these two diverge that can be the sign of a bottom.
Rumor is a large holder of gold and silver is puking their holdings. Sentiment is butt ugly. We're getting close.
#110
Posted 22 September 2014 - 05:14 PM
click "pricing information" at the top for the correct chart
http://www.cefconnec...aspx?ticker=cef
Senor
Edited by senorBS, 22 September 2014 - 05:15 PM.