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Charmin

Weekly Digger - Mon. 5/23 to Fri. 5/27, '05

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And that was with a small GPXM position that went down.

 

Does GPXM have anything going for it besides a good name? :)

I remember thinking that one was crap back in late 03, early 04, but its got a great name, lol! Not that I would ever buy based on that, otherwise I'd probably own some and have lost a large % on it.

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Day Date Advancers Decliners UNCH BuST BP% BuLT

Mon 23-May 71 12 17 19% 9% 5%

Tue 24-May 61 30 9 18% 11% 4%

Wed 25-May 44 39 18 10% 14% 4%

Thu 26-May 33 54 13 7% 13% 6%

Fri 27-May 83 7 10 34% 18% 7%

 

NuWrecks

none

 

Now that was a rally. Look at the adv/decl and a huge jump in the Short term bullish. The longer bullish % continue to improve ass well.

 

4 Stock model.

 

NEM went short near the close but on the weakest of weak signals. Went long again on the open for the smallest of losses then finished long with a healthy gain. VLO stayed long and is sitting on a nice profit since Wed. RIMM continues to be chopped around, having been short from Thurs on a weak signal reversed again today and stayed long. KLAC continues its longish bull run (from May 9) but finished a little down on the day. Signal has gone flat but no turn yet. So commodity based things strong but tech looking a little tired after its hard running.

 

"Things" legs still fresh.

"Dreams" a tad puffed.

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And that was with a small GPXM position that went down.

 

Does GPXM have anything going for it besides a good name? :)

I remember thinking that one was crap back in late 03, early 04, but its got a great name, lol! Not that I would ever buy based on that, otherwise I'd probably own some and have lost a large % on it.

 

Just did some checking. GPXM the only PMS stock of any consequence that fell today. My position is small and it is my best performer to date. Might drop it, might add to it, might do nothing to it. Whether it is a piece of crap or not, I have no idea.

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Support and trendline on DX

 

I'm in total agreement with you, Charmin.

 

Dollar and XAU seem to be in 4th waves, in opposite directions.

 

Do you see the dollar bouncing up if supprt is hit?

 

Well, we'll have to watch and see if supply enters at the support or not, but typically we'd see a slow grind back to support and then a reaction higher...

 

just take a look at the two worlds of silver and gold for the month of May... gold down because of dollar and silver up..

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Not holding over this weekend. I will buy back on weakness.

 

May end up being a wise move.

 

I don't know what's going on with the miners - and it is certainly a welcome rally off a deeply ov*rsold condition. I hope this is the "super rally" we've all been waiting for.

 

All the stars seem to be aligning, COT looking good, Silver about to blast out of the wedgie, the $ due for a pullback, and the miners leading the metals.

 

So why did I wake up feeling so uncertain?

 

Is it the fact that most everyone on various sites is giddy?

Is it the fact that now that I'm following COT data it might not work?

Is it the simple fact that this sector, has taught me to expect the worst - cause it's always coming?

 

The contrarian stuff has never worked real well for me, but I gotta believe the last few days rally has relieved a good chunk of that ov*rsold condition.

 

Maybe TFH is beginning to rub off on me.

 

I hope my fears are 100% unfounded. :unsure:

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Gotta buy and be totally long on weakness to 180 worst case 176-178 HUI this week. Unless we can close under 176 conclusively we are ripping up very hard. Big base is established in Silver and Gold has held the 50% retrace of the move 456-370. Very bullish.

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.....a fine rant.....(and why grinches hide in holes)

 

website

 

 

 

What is happening in the USA has happened in every other great empire in decline. These declines inevitably lead to another country taking the lead. We owe the world over 42 trillion dollars in present and future liabilities. Our chief rival holds much of that debt. Our countrymen have abandoned the principals which made this country great in the first place - thrift, hard work, humility. Our two great industries are gambling and porn on the net. Our politicians on all sides are lying powerhungry dogs. Our borders are allowing thousands of illegals in. Every major industry has been hit with scandal, cooked books and examples of sheer greed and avarice. Lastly we have made G-d into our own toady image. We are all doing what we DAMNED well please.

 

One day it will all come tumbling down. The cracks are showing and it could happen any day.

The stock market and RE bubbles will pop and thousands will lose their jobs and there will be rioting when it is discovered that the government cannot bail us all out.

 

May God have mercy on us all!

 

 

JWW3+

 

Posted by: Fr. John at May 21, 2005 12:52 AM

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....will be interesting to see gold trade 2 sessions without "manipulators" on the comex (see dr. evil)......

 

 

post-1744-1117424633_thumb.jpg

 

 

....only real news is the french poopy.....weaker euro? nah.....already priced in....stronger buck? nah.....rally getting overdone....exotics?.....too scared.... ......mais oui! c'est le temps d'acheter quel que chose vrai!!!!!!

 

 

post-1744-1117424790_thumb.jpg

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Not holding over this weekend. I will buy back on weakness.

 

Trader:

 

Here's my hourly count.

 

Looks like 5 waves up are in.

 

We should be due for a correction of a minor degree.

post-1352-1117939995_thumb.jpg

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