Gold Majestic Posted August 25, 2004 Report Share Posted August 25, 2004 WTZ ..again the odd man ... WTZ 7.03 last -0.04 change 6.97 bid 7.04 ask 7.07 high 6.75 low 174,900 vol 14:01:57 time i took profits on my wtz baby yesterday per my short-term dollar concerns. silver looks vulnerable as does wtz Link to comment Share on other sites More sharing options...
Gold Majestic Posted August 25, 2004 Report Share Posted August 25, 2004 WTZ ..again the odd man ... WTZ 7.03 last -0.04 change 6.97 bid 7.04 ask 7.07 high 6.75 low 174,900 vol 14:01:57 time i took profits on my wtz baby yesterday per my dollar concerns. silver looks vulnerable as does wtz wtz - negative divergence Link to comment Share on other sites More sharing options...
traderfromhell Posted August 25, 2004 Report Share Posted August 25, 2004 Short term pop is likely in the HUI from around these levels. If we gap down tomorrow which I think is the least likely scenario 195 should hold initially. I think we go up first but I would not chase it up. 207 should hold any advance. Two day close over the 210 level sets the stage for a major advance and the end of this mini-correction. If 195 doesn't hold we test 188-190. That goes and see ya. Link to comment Share on other sites More sharing options...
bearvest Posted August 25, 2004 Report Share Posted August 25, 2004 NEM's bullish pattern will change to a corrective a-b-c with an overlap of 41.56, where wave 4 would overlap wave 1. levels on the HUI and XAU are 189.90 and 88.77 respectively. All are below the 61.8%retracement level. Link to comment Share on other sites More sharing options...
traderfromhell Posted August 25, 2004 Report Share Posted August 25, 2004 If I wanted to go long SSRI I'd be tempted to put an order in around 12.75-12.90. Link to comment Share on other sites More sharing options...
traderfromhell Posted August 25, 2004 Report Share Posted August 25, 2004 42 looks like a decent place to jump back into the long side of Crude if you are bullish. The bullish consensus was way up in the stratosphere a couple of days ago. Things sure do change fast don't they? Link to comment Share on other sites More sharing options...
Charmin Posted August 25, 2004 Report Share Posted August 25, 2004 Not sure how to decribe the sound of a hot coal sizzling as water gets put on it but that's about what it feels like in this space after being away last week and seeing the profits erode since the first of August. Link to comment Share on other sites More sharing options...
traderfromhell Posted August 25, 2004 Report Share Posted August 25, 2004 Not sure how to decribe the sound of a hot coal sizzling as water gets put on it but that's about what it feels like in this space after being away last week and seeing the profits erode since the first of August. What are you trading Charmin? Link to comment Share on other sites More sharing options...
traderfromhell Posted August 25, 2004 Report Share Posted August 25, 2004 Watching 4.15-4.25 to hold on this decline. Low volume move down so far off the highs. Link to comment Share on other sites More sharing options...
Charmin Posted August 25, 2004 Report Share Posted August 25, 2004 Not sure how to decribe the sound of a hot coal sizzling as water gets put on it but that's about what it feels like in this space after being away last week and seeing the profits erode since the first of August. What are you trading Charmin? I took the lazy way out and just bought RYPMX for the month - in anticipation of being on vacation sometime in August - hey, I was up about 10% as of Fryday - and it is fizzling. The seasonal scenario is outlined in the Wednesday thread - just started and pinned. Link to comment Share on other sites More sharing options...
Manipulated Posted August 25, 2004 Report Share Posted August 25, 2004 Charmin.......thank you for sharing the "Safe Haven" link.........i am adding items such as this to my "review on a rainy day or sooner" list........thanks to all who share their knowledge, links, charts, etc.........i hate feeling so tiny tho....... Link to comment Share on other sites More sharing options...
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