Charmin Posted October 2, 2006 Author Report Share Posted October 2, 2006 Do you think it was the lack of alcohol intake that helped? Link to comment Share on other sites More sharing options...
bearvest Posted October 3, 2006 Report Share Posted October 3, 2006 HUI and XAU: The blue lines represent the 61.8% retracement level of the rally off the May 2005 lows with some background on prior major resistance (now support?) levels. Link to comment Share on other sites More sharing options...
Whadda I Do Whadda I Do Posted October 3, 2006 Report Share Posted October 3, 2006 If I didn't know any better, it looks like the dollar is ready to test S/T support. Link to comment Share on other sites More sharing options...
hadjin Posted October 3, 2006 Report Share Posted October 3, 2006 Good morning all ... Very ugly very quickly in da miners... BV, you're calling it. Link to comment Share on other sites More sharing options...
dharma Posted October 3, 2006 Report Share Posted October 3, 2006 ok, this is the last low i have been calling for. still think 542 holds. i am looking at the 5th or the 11 as possible dates for a low. from here the spigots of monetary printing will resume. dharma Link to comment Share on other sites More sharing options...
traderfromhell Posted October 3, 2006 Report Share Posted October 3, 2006 ok, this is the last low i have been calling for. still think 542 holds. i am looking at the 5th or the 11 as possible dates for a low. from here the spigots of monetary printing will resume. dharma <{POST_SNAPBACK}> You might be right but this is beginning to look a hell of a lot like 2004 to me. Open ABC down is still open in Gold at 490 and there is a cluster of support 510-520. Worst case appears to be 460. Miners look terrible. Downside breakaway gaps to the downside on extreme volume. Silver looks vulnerable to 7.50-8.50. Link to comment Share on other sites More sharing options...
Charmin Posted October 4, 2006 Author Report Share Posted October 4, 2006 Hey, when PMPIX drops 10% in one day you know it's ugly one day left for the fire sale. Link to comment Share on other sites More sharing options...
traderfromhell Posted October 4, 2006 Report Share Posted October 4, 2006 Hey, when PMPIX drops 10% in one day you know it's ugly one day left for the fire sale. <{POST_SNAPBACK}> One day left? Mohendra pay you a visit or something? Care to nail down a specific time and price target Charmin? Link to comment Share on other sites More sharing options...
dharma Posted October 4, 2006 Report Share Posted October 4, 2006 tfh, yes what you state is what most are looking for. divergences are set up on hourly charts. on daily charts @ this point divergences are set up on many issues and xau/hui/gold. since january this set up in the indexes and gold looks like a high level consolidation. and until something changes that, thats the pattern that i am following. giving the bull the benefit of the doubt. dharma Link to comment Share on other sites More sharing options...
traderfromhell Posted October 4, 2006 Report Share Posted October 4, 2006 tfh, yes what you state is what most are looking for. divergences are set up on hourly charts. on daily charts @ this point divergences are set up on many issues and xau/hui/gold. since january this set up in the indexes and gold looks like a high level consolidation. and until something changes that, thats the pattern that i am following. giving the bull the benefit of the doubt. dharma <{POST_SNAPBACK}> I don't think what I stated is what most are looking for dharma. Most think we bottom 250-260 HUI. I think there is a good chance we go quite a bit lower. While I think your 540is Gold target is a bit optimistic I will be buying physical there and maybe a bit higher say 550. Link to comment Share on other sites More sharing options...
bearvest Posted October 4, 2006 Report Share Posted October 4, 2006 Charmin: Can you give me a hand? Here's HUI's P&F chart. I understand how the vertical target of $204 is arrived at. It's akin to the Elliott formula that C=A. The horizontal count is far less bearish. If I'm right, and this is where I need help, the horizontal count is 272---a far more plausible target. My math says take the width of the chart where the column of 0's begins (3). Multiply arbitrarily by 3. Multiply by the box size (4). The result is 36. Subtract this from the top of the column of X's (308) Is 272 the horizontal target you'd arrive at? It's natural support right on the chart. Link to comment Share on other sites More sharing options...
bearvest Posted October 4, 2006 Report Share Posted October 4, 2006 GOLD: Tested its lower trendline. If the triangle pattern is to hold, it can't fall further. A violation of the triangle would herald much lower prices. Link to comment Share on other sites More sharing options...
bearvest Posted October 4, 2006 Report Share Posted October 4, 2006 NEM: And the answer to this month's question is: Link to comment Share on other sites More sharing options...
Charmin Posted October 4, 2006 Author Report Share Posted October 4, 2006 Hey, when PMPIX drops 10% in one day you know it's ugly one day left for the fire sale. <{POST_SNAPBACK}> One day left? Mohendra pay you a visit or something? Care to nail down a specific time and price target Charmin? <{POST_SNAPBACK}> Yup, an angel paid me a visit and whispered in my ear "light at end of tunnel - you must decipher if it coming or going" The train needs to stop right here anyway on XAU http://www.StockSharePublishing.com/ChartL..._1159972603.png Link to comment Share on other sites More sharing options...
dharma Posted October 4, 2006 Report Share Posted October 4, 2006 here's sinclairs take on the weakness. http://www.jsmineset.com/ARhome.asp?VAfg=1...001&T_ARID=4071 interesting! dharma Link to comment Share on other sites More sharing options...
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