Charmin Posted December 29, 2004 Report Share Posted December 29, 2004 Tuesday comment: "only the Gold & Silver Index (XAU -0.77%) seemed to be a standout decliner." http://www.canslim.net/ XAU: YTD % change -8.72% My whole family of six has been ill for four days now. I decided to take two pills to clear things up overnight and my body feels like it's going into a coma. All eyes are on Uncle Buck. Does he need two pills to help for the illness? Will he go into a coma? Here we have a retest of broken ice on Uncle Buck. This could turn out to be a two/three day spring if it continues higher or else. I wonder if this turns out to be blast higher. We shall see. It might result is some life portfolio changing results for the whole market..... Are the bulls on the broads watching? Is PM showing us something here? You decide... Link to comment Share on other sites More sharing options...
Charmin Posted December 29, 2004 Author Report Share Posted December 29, 2004 Uncle Buck quarterly chart. 80.14 low in 1995 and on this chart we are going to have a low close and looks very bearish. This move has wide range to the downside and looking to see if this area holds. We talked about it in Wyckoff chat. Gary Fullet says it will correct higher. If so, then the 81 area lows will be the time for shorts to cover. One, two, three days? If we take out the high of 81.38 from yesterday then some believe it will be time for the 85 area to retest. Doc has stated "There's room for a reaction rally up to 86 over the next couple of months." http://www.capitalstool.com/paid/unclebuck.htm Fair Warnings are now going out. We know if a tsuname wave will hit.... Just about everyone is still having fun on the beach.... Link to comment Share on other sites More sharing options...
traderfromhell Posted December 29, 2004 Report Share Posted December 29, 2004 Well Charmin support is support until it isn't right? That 80 has been hanging out there for years. Can't you hear the helicopters warming up? Miners looking DOA. Some rally from 208-222 in the HUI huh? Silver rallies half a buck off a bungee bottom? This should be an interesting few weeks coming up. Link to comment Share on other sites More sharing options...
Charmin Posted December 29, 2004 Author Report Share Posted December 29, 2004 With POG bouncing back .618 to 447 area and then going down to the 420 area I can see the Uncle Buck spring in the works up to the first logical fib retrace and possibly up to the 85 area. For some reason I'd have to expect some reaction near here.... Link to comment Share on other sites More sharing options...
Charmin Posted December 29, 2004 Author Report Share Posted December 29, 2004 Might just be the time to catch the market bulls offguard just like a tsunami wave..... watching and waiting.... Link to comment Share on other sites More sharing options...
bearvest Posted December 29, 2004 Report Share Posted December 29, 2004 Gold: I've been asked to post on Gold itself. Actually, I did so last Thursday. I've tried to add a link to that ost without success. Here's my last feeble attempt.My Webpage Link to comment Share on other sites More sharing options...
GRINCH Posted December 29, 2004 Report Share Posted December 29, 2004 Gold: I've been asked to post on Gold itself. Actually, I did so last Thursday. I've tried to add a link to that ost without success. Here's my last feeble attempt.My Webpage <{POST_SNAPBACK}> ...apologies bear....this was what I wanted you to see and comment on.... Link to comment Share on other sites More sharing options...
GRINCH Posted December 29, 2004 Report Share Posted December 29, 2004 ....cash or trash?.... Link to comment Share on other sites More sharing options...
bearvest Posted December 29, 2004 Report Share Posted December 29, 2004 Gold: I've been asked to post on Gold itself. Actually, I did so last Thursday. I've tried to add a link to that ost without success. Here's my last feeble attempt.My Webpage <{POST_SNAPBACK}> ...apologies bear....this was what I wanted you to see and comment on.... <{POST_SNAPBACK}> Grinch: That's not a log chart. For that long a duration and price range, I think you must use a log scale for your chart. I posted a long term chart, speculatively, a while back. If memory serves me correctly, I saw a correction to 325 and a subsequent rally to 600. I think that I'd like to re-consider my downside projection. I'll update it on the weekend, after I've had a chance to look at all my charts and get a look at the Dollar. It seems that Dollar and Gold may be disconnecting. Link to comment Share on other sites More sharing options...
bearvest Posted December 29, 2004 Report Share Posted December 29, 2004 XAU: Link to comment Share on other sites More sharing options...
DrStool Posted December 29, 2004 Report Share Posted December 29, 2004 Skating On Thin Ice Will It Hold Your Golden Stool, including short and long term updated charts and price targets, is loaded. Even if you are not a goldbug, you should check out the Golden Stool. It's in your Anals daily. Take a subscribatory and download the Golden Stool RIGHT NOW! 30 Day Intro Subscribatory. Just $16.99! Get In RIGHT NOW! Link to comment Share on other sites More sharing options...
DrStool Posted December 29, 2004 Report Share Posted December 29, 2004 Posting a link is very simple. Just copy and paste it. No need to use the URL tags if you don't want to. They are useful in converting a link to text but are not necessary. Link to comment Share on other sites More sharing options...
traderfromhell Posted December 29, 2004 Report Share Posted December 29, 2004 LOB. Link to comment Share on other sites More sharing options...
palix Posted December 29, 2004 Report Share Posted December 29, 2004 LOB. <{POST_SNAPBACK}> I don't think it looks that bad. Silver has made a small ABC move from 6.62 -> 7.07. I bought at 6.75 and sold at 6.97. Its now retrace back to 6.79 and the futures appear to be aggressively moving back up. I'll wait for the retest before reentering. Link to comment Share on other sites More sharing options...
traderfromhell Posted December 29, 2004 Report Share Posted December 29, 2004 LOB. <{POST_SNAPBACK}> I don't think it looks that bad. Silver has made a small ABC move from 6.62 -> 7.07. I bought at 6.75 and sold at 6.97. Its now retrace back to 6.79 and the futures appear to be aggressively moving back up. I'll wait for the retest before reentering. <{POST_SNAPBACK}> Retest now. You buying? Link to comment Share on other sites More sharing options...
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