dharma Posted June 14, 2011 Report Share Posted June 14, 2011 The correct setting assuming a 15 week cycle would be 7.3.3 for the cycle (set at half cycle ) and 3.3.3 for the half subcycle Always set at half cycle and then look at full cycle I wish Bontchev was around ( been so many years I am not even sure I spell the name right ) In my opinion if there is a high it has to happen on the 10 th market day from today ( or thereabouts like the Crier selling Oliver was singing ) ageka- that was the spelling of his name. he just disappeared. my work shows the high either the 22nd or the 27-28th and then the next leg of the correction just my 2c dharma Link to comment Share on other sites More sharing options...
Ageka Posted June 14, 2011 Report Share Posted June 14, 2011 My longterm system shows 21 st june since month as a "centre" for the (relative) high My shortterm system shows 24 th since a few days We will see shortly Link to comment Share on other sites More sharing options...
traderfromhell Posted June 14, 2011 Report Share Posted June 14, 2011 Can anyone imagine SLV going to 28? We had a November 2010 spike high http://www.StockSharePublishing.com/ChartLib/SLV_06_13_20_04_1308009859.png We might even see a retest of the old $21.30 tops. More likely though would be a move near $25 or so. But yes I could easily see Silver down in the high 20's. Link to comment Share on other sites More sharing options...
traderfromhell Posted June 14, 2011 Report Share Posted June 14, 2011 My longterm system shows 21 st june since month as a "centre" for the (relative) high My shortterm system shows 24 th since a few days We will see shortly We did make a major low 29 years ago at $296.50 on the Summer Solstice. Link to comment Share on other sites More sharing options...
Whadda I Do Whadda I Do Posted June 15, 2011 Report Share Posted June 15, 2011 I'm not saying he picked the correct day for a low in spot gold but I'm not the one who loaded a couple centuries worth of data either. And I'm not saying his computer program(s) can think and reason for themselves like Hal in 2001: A Space Odyssey (1968) but so far Armstrong is the one hitting his targets. There was some bottoming action in the miners intra-day on Monday including a small sell off in spot gold which wasn't much like a spike low during a deep sell-off correction but this low happened/came from a sideways pattern or channel and was confirmed today (Tuesday) with a weak 'W' pattern. I'd say short term buy signal with the miners confirming. If Armstrong's confidence model is on track then the steady panic should begin out of government bonds to private sector returns mostly in established companies centered off shore. Sure there might be a sell off or correction since the run up in the regular markets is over extended but the strong shall survive. Coming elections could buffer things by holding back the extremes a little longer. Miners should report some decent profits at this halfway point soon, at least the well run companies. I went from 30% to 20% cash in two days, today picking up some long shot penny players. Nice entry point prices in the miners but can't pull the trigger yet on the remaining cash. At least I'm in at lower levels or....bought back more shares after selling at higher prices. For the heck of it, here's HL longer term. Can't rectify the volume action with price movement but silver was heavily manipulated until recently. If I knew what I was doing I'd trade silver since it flops around so much but of course I'm pretty much clueless. Link to comment Share on other sites More sharing options...
Dharmaeye Posted June 15, 2011 Report Share Posted June 15, 2011 I'm not saying he picked the correct day for a low in spot gold but I'm not the one who loaded a couple centuries worth of data either. And I'm not saying his computer program(s) can think and reason for themselves like Hal in 2001: A Space Odyssey (1968) but so far Armstrong is the one hitting his targets. There was some bottoming action in the miners intra-day on Monday including a small sell off in spot gold which wasn't much like a spike low during a deep sell-off correction but this low happened/came from a sideways pattern or channel and was confirmed today (Tuesday) with a weak 'W' pattern. I'd say short term buy signal with the miners confirming. If Armstrong's confidence model is on track then the steady panic should begin out of government bonds to private sector returns mostly in established companies centered off shore. Sure there might be a sell off or correction since the run up in the regular markets is over extended but the strong shall survive. Coming elections could buffer things by holding back the extremes a little longer. Miners should report some decent profits at this halfway point soon, at least the well run companies. I went from 30% to 20% cash in two days, today picking up some long shot penny players. Nice entry point prices in the miners but can't pull the trigger yet on the remaining cash. At least I'm in at lower levels or....bought back more shares after selling at higher prices. For the heck of it, here's HL longer term. Can't rectify the volume action with price movement but silver was heavily manipulated until recently. If I knew what I was doing I'd trade silver since it flops around so much but of course I'm pretty much clueless. 07 top in ream istate at first was subtle for a long time. It may be the sector that does not participate in the next leg down. Latest http://www.martinarmstrong.org/files/June13th%2014th%20Turning%20Point%202011.45%2006-14-2011.pdf Link to comment Share on other sites More sharing options...
Charmin Posted June 17, 2011 Author Report Share Posted June 17, 2011 DUST has been gathering momentum and canslim.net makes note of the death cross on XAU. source: http://www.canslim.net/MCCurrent.asp Link to comment Share on other sites More sharing options...
goose Posted June 20, 2011 Report Share Posted June 20, 2011 Anyone have any comments on this, "Trading of over the counter Gold and Silver to be illegal beginning July 15th" http://www.zerohedge...ginning-july-15 Link to comment Share on other sites More sharing options...
Whadda I Do Whadda I Do Posted June 20, 2011 Report Share Posted June 20, 2011 Anyone have any comments on this, "Trading of over the counter Gold and Silver to be illegal beginning July 15th" http://www.zerohedge...ginning-july-15 They are trying to chase out speculators and only allow the entities that actually trade in metals for the industries to use OTC. What it morphs into, I don't know, probably depends on if it is used for diabolical purposes or not. Link to comment Share on other sites More sharing options...
KnowsNothing Posted June 20, 2011 Report Share Posted June 20, 2011 Anyone have any comments on this, "Trading of over the counter Gold and Silver to be illegal beginning July 15th" http://www.zerohedge...ginning-july-15 My link Link to comment Share on other sites More sharing options...
goose Posted June 20, 2011 Report Share Posted June 20, 2011 Thanks Knowsnothing, your link explains things much better. Link to comment Share on other sites More sharing options...
KnowsNothing Posted June 21, 2011 Report Share Posted June 21, 2011 Thanks Knowsnothing, your link explains things much better. You're welcome Goose. some more good reading... My link Link to comment Share on other sites More sharing options...
traderfromhell Posted June 22, 2011 Report Share Posted June 22, 2011 Maybe a Gold Top although lower came in a day late there is a window on either side of the 21st. Closed well off the highs today some ugly candles in some of the mining shares. Silver not really following Gold up. I think we are closer to A top than bottom here one more push down into perhaps the last decent buying opp for physical of this great bull market. Gold needs to turn down from here or we rally very hard. Looking at yesterday's big winners as possible adds on weakness this Summer. I like UXG long term. Link to comment Share on other sites More sharing options...
Whadda I Do Whadda I Do Posted June 23, 2011 Report Share Posted June 23, 2011 Appears to me to be bottoming action with a bounce off the near term low and staying in a range (can't break out) or the miners were capped as they started a nice run which was abruptly halted or investors are extremely nervous and took recent profits as soon as decent gains showed up. Volumes look a little on the light side and have room for some more buying, not bad for summertime. Link to comment Share on other sites More sharing options...
dharma Posted June 23, 2011 Report Share Posted June 23, 2011 short term cycle near top 1549 in my work(gann) is the resistance we could not hold it crude new lows today wheat h&s top broads under pressure. we could be in a tr i am leaning towards a full correction. however , i 1st want to see the last lows violated dharma Link to comment Share on other sites More sharing options...
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