dharma Posted March 2, 2007 Report Share Posted March 2, 2007 i think the lows of this move may have occured, although i see gold is down another $4 tonight. i dont think that if these lows are taken out , i dont think we go as low as you state above, but i have been wrong before and i .......... dharma Link to comment Share on other sites More sharing options...
bearvest Posted March 2, 2007 Report Share Posted March 2, 2007 GOLD: Overlap of 655.50 leaves a corrective 3 wave pattern on the charts. Link to comment Share on other sites More sharing options...
hedonicprocto Posted March 2, 2007 Report Share Posted March 2, 2007 SMSC; you do fine work! Link to comment Share on other sites More sharing options...
bearvest Posted March 2, 2007 Report Share Posted March 2, 2007 SMSC; you do fine work! 564527[/snapback] I'll second that. Link to comment Share on other sites More sharing options...
Charmin Posted March 2, 2007 Author Report Share Posted March 2, 2007 There was an exodus out of enrgy awhile back. Notice how the energy sector is holding up right now. This is sector rotation back into the black gold space. DPTR...this going to be a 2B reversal ( Vic Sperandeo). All the shorts who piled on when we broke the swing low are OTM and look like they are covering here. 564387[/snapback] Energy as in gas pipes ETE http://www.StockSharePublishing.com/ChartL..._1172813588.png Link to comment Share on other sites More sharing options...
bearvest Posted March 2, 2007 Report Share Posted March 2, 2007 There was an exodus out of enrgy awhile back. Notice how the energy sector is holding up right now. This is sector rotation back into the black gold space. DPTR...this going to be a 2B reversal ( Vic Sperandeo). All the shorts who piled on when we broke the swing low are OTM and look like they are covering here. 564387[/snapback] I agree. I have a small position in CNQ. I'm more bullish on the battered-down services sector. My play is CFW.TO. It has very long-term bullish divergence on MACD, a short term and intermediate term bullish falling wedge, and an apparent triple bottom. Link to comment Share on other sites More sharing options...
Whadda I Do Whadda I Do Posted March 2, 2007 Report Share Posted March 2, 2007 Just wanted to note that I mentioned IVAN the other day not to be confused with IVN Where IVN is established and expanding doing gold and copper, IVAN is working on heavy oil extraction esp. from oil sands. Link to comment Share on other sites More sharing options...
plantigrade Posted March 2, 2007 Report Share Posted March 2, 2007 Seems the China crash was opportunity to BD Silver through 14. But the Silver triangle is getting narrower, with a good support around 12.8-13, and most smallcaps had barely moved as Silver went from 13 to 14. A small & short shakeout IMO, as it's not time yet for the deflation bogeyman. Link to comment Share on other sites More sharing options...
plantigrade Posted March 2, 2007 Report Share Posted March 2, 2007 Faber interview on Asian markets: in the last seconds he states his opinion that the U.S. will expropriate gold. Rogers interview on recession and possible Chinese slowdown, not selling commodities. Link to comment Share on other sites More sharing options...
Private Skidmark Posted March 2, 2007 Report Share Posted March 2, 2007 Faber interview on Asian markets: in the last seconds he states his opinion that the U.S. will expropriate gold.564547[/snapback] It should have caused a revolution the first time. It surely won't this time. But what does it say about the people making the laws when the only honest money is outlawed? Link to comment Share on other sites More sharing options...
Charmin Posted March 2, 2007 Author Report Share Posted March 2, 2007 SLV must have funds puking again. I'd like to see today turn out to be some preliminary support like back on 12/18/06. http://www.StockSharePublishing.com/ChartL..._1172853336.png Link to comment Share on other sites More sharing options...
hadjin Posted March 2, 2007 Report Share Posted March 2, 2007 Yikes .. It's that time for me. Nervous and totally unsure, thinking of lightening up while I have a chance. So, I'm at the point where I usually fade my emotions. In the past this has been what I have used to keep me fully in the game. I assume this morning we got the "overlap" BV was warning about. Link to comment Share on other sites More sharing options...
Private Skidmark Posted March 2, 2007 Report Share Posted March 2, 2007 Well, I'm fading myself. I feel like pulling the eject lever, so I just added some TRE. Link to comment Share on other sites More sharing options...
hadjin Posted March 2, 2007 Report Share Posted March 2, 2007 I hear ya, I'm just wondering if they have inflicted enough pain on us. It just doesn't feel like it ; yet. Link to comment Share on other sites More sharing options...
Private Skidmark Posted March 2, 2007 Report Share Posted March 2, 2007 Poor silver being brutalized. -$0.76. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.