Charmin Posted January 26, 2005 Report Share Posted January 26, 2005 Yes, it's getting toward the end of another month and time to revisit monthly charts. My wife kicked me off promptly at 11pm last night so I missed poking around much - it was Wyckoff study and upthrusts - which by the way the SPX on a monthly chart is an upthrust of the 1163 area - to now find support. Happens all the time in charts - in every time frame..... and the opposite is a spring on the bottom. Do you see any in the PM stocks? Link to comment Share on other sites More sharing options...
GRINCH Posted January 26, 2005 Report Share Posted January 26, 2005 ...A little self-analysis anyone?...... try this...(pdf) Link to comment Share on other sites More sharing options...
Charmin Posted January 26, 2005 Author Report Share Posted January 26, 2005 labored rally in buck may mean that demand is not there.... Bernie.. With gold trading "mirror image" to the Euro/ Dollar cross, we expect the Euro to bounce at the 1.2800 level, with important Fibonacci Cluster Support at 1.2600 and 1.2300, both not likely to be reached anytime soon. The Dollar should maintain a choppy uptrend for two more weeks, before resuming the downtrend. he shows a chart of the XAU with confluence support at 90.51 then 85.71 Link to comment Share on other sites More sharing options...
Charmin Posted January 26, 2005 Author Report Share Posted January 26, 2005 Also, if you look at the POG:Crude ratio chart it appears POG is nearing a very Dover Sole level.. but we can get weaker.... Link to comment Share on other sites More sharing options...
wxman Posted January 26, 2005 Report Share Posted January 26, 2005 the bottoming process continues to look like mar 2003 moving averages are flattening and should start to turn up like the 75 day ma http://tinyurl.com/42jhf Link to comment Share on other sites More sharing options...
faramir Posted January 26, 2005 Report Share Posted January 26, 2005 I like CBJ .... but .... apparently many are calling for a bad year for stocks which will pull gold stocks along with them .. hard to believe as that is ... Although I don't see alot of damage to the DOW or S& P - only a little damage to the NAZDOG. Link to comment Share on other sites More sharing options...
plantigrade Posted January 27, 2005 Report Share Posted January 27, 2005 Six-Posts-A-Day Bottom ? Link to comment Share on other sites More sharing options...
Charmin Posted January 27, 2005 Author Report Share Posted January 27, 2005 Sure seems like we are pressed down to the mat don't it as a group I keep hearing all kinds "words" out there to skip the commodities because they had a nice run.... well, that kind of bleating don't make sense... as if tech didn't have a nice run also... hmmmmm Link to comment Share on other sites More sharing options...
Charmin Posted January 27, 2005 Author Report Share Posted January 27, 2005 Yeah, even Doc has given up on us - he didn't post the golden analysis link today oh well, did Rome rise out of the ashes? Link to comment Share on other sites More sharing options...
traderfromhell Posted January 27, 2005 Report Share Posted January 27, 2005 Not much to say really is there. You either believe we are in an area for accumulation and are cautiously bullish or you are sick of holding on through this interminable correction. I guess you could be discouraged and think the buck holds the key and looks like it may run. I'm encouraged by Silver's performance the last few days. Cautiously bullish but not ruling out one more ass whuppin'. Link to comment Share on other sites More sharing options...
Guest Posted January 27, 2005 Report Share Posted January 27, 2005 tfh, i am w/you there dharma Link to comment Share on other sites More sharing options...
alceringa Posted January 27, 2005 Report Share Posted January 27, 2005 Newcrest shares slump on cost blowout January 27, 2005 - 2:49PM Shares in gold producer Newcrest Mining Ltd have slumped as the market focused on a $209 million cost blowout at its flagship Telfer mine. Although not a huge surprise, the market reacted badly to the increased $1.4 billion capital cost, attributed to a shortage of skilled labour and the effects of a cyclone last year, one Melbourne-based anal cyst said. Newcrest was trading down 40 cents, or 2.4 per cent, at $16.41 by 1425 AEDT. But it was not all bad news at Telfer, with plant throughput rates higher than expected at 1,300 tonnes an hour, compared with the design capacity of 1,100 tonnes per hour. The Age Free subscription maybe be required. Link to comment Share on other sites More sharing options...
Charmin Posted January 27, 2005 Author Report Share Posted January 27, 2005 Well, it's time for a Thursday thread shortly Link to comment Share on other sites More sharing options...
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