Charmin Posted April 3, 2007 Author Report Share Posted April 3, 2007 HUI 350 again. Someday its going to be support and when that happens, look out above http://www.StockSharePublishing.com/ChartL..._1175630749.png Link to comment Share on other sites More sharing options...
Charmin Posted April 3, 2007 Author Report Share Posted April 3, 2007 GMO continues its launch Link to comment Share on other sites More sharing options...
dharma Posted April 3, 2007 Report Share Posted April 3, 2007 yes, we are into resistance again, lets see if the supply has been absorbed and we can move higher. if its now than i look for a may high, if not then a may low. again, the pattern since last may is a big base consolidation for another upleg. this market requires a great deal of patience. dharma Link to comment Share on other sites More sharing options...
Charmin Posted April 3, 2007 Author Report Share Posted April 3, 2007 Yen carry trade today Yen down/stocks up Link to comment Share on other sites More sharing options...
Charmin Posted April 3, 2007 Author Report Share Posted April 3, 2007 DBC commodity etf pulls back below it's supply line again, most likely because of energy. oil to tech.. tech to oil rotation http://www.StockSharePublishing.com/ChartL..._1175631366.png Link to comment Share on other sites More sharing options...
Metamucil Posted April 3, 2007 Report Share Posted April 3, 2007 You want a close above HUI 352; smacked resistance today. GFI looking good to go, too....on a relative strength basis. Link to comment Share on other sites More sharing options...
bearvest Posted April 4, 2007 Report Share Posted April 4, 2007 BV: you still holding out for one more low here? Volumes are not all that stellar certainly... but sentiment seems OK for a bullish move here... I don't know. I think we're in a huge "C" wave that is incomplete, so we may see challenges of resistance at 152 XAU for b of "C". It could be a flat, in which case after 152, we'd impulse down sharply. It could also be a double zig-zag, so that that the large A and B wave could count as a W and X, and we'd decline thereafter in another 3 wave pattern for Y. The oscillators for XAU are all bullish, now that PPO has crossed above the zero line. The XAU:gold ratio chart has turned short term bullish and appears to in a wedge (a reversal) pattern. As there are only 3 touches, not 5, it is incomplete. My volume indicator dipped from plus 9 Monday to plus 5 Tuesday--some short term bearish divergence. So traders may wish to buy this little dip. So I think we'll sell off from current short term resistance for a day or two and then break through to major resistance. Link to comment Share on other sites More sharing options...
bearvest Posted April 4, 2007 Report Share Posted April 4, 2007 GDX: Keep an eye on the gap from 41.46 t0 41.90. That's where wave 1 and 5 will be equal --and the intermediate term rally should end. As for Tuesday--- it's a near perfect 61.8 retracement off the March lows. So we should see some pullback. Thus, any rally above these levels--even in the context of a small decline from here, supports a more bullish short term count. THe bullish count will be wrong, however, if we overlap 38.79. This count is bullish, and stands in distinction to XAU, which is bearish. Historically, XAU has had abc patterns up to HUI's impulses. Thus, one has corrected up while the other has impulsed up Link to comment Share on other sites More sharing options...
traderfromhell Posted April 4, 2007 Report Share Posted April 4, 2007 You guys seen this? Pretty much predicts a flattish year. Maybe a November bottom equaling the corrective we saw from December '03 to May '05. 18 months. Could work. Link to comment Share on other sites More sharing options...
anjing bau Posted April 4, 2007 Report Share Posted April 4, 2007 so far so good. Some of the laggards are beginning to reveal themselves as ready to particiate to the upside.... Link to comment Share on other sites More sharing options...
dharma Posted April 4, 2007 Report Share Posted April 4, 2007 is anyone else looking for a may high? then some consolidation then another end of year run! yes, all boats in the sector are rising. rno gets taken out! dharma Link to comment Share on other sites More sharing options...
anjing bau Posted April 4, 2007 Report Share Posted April 4, 2007 is anyone else looking for a may high? then some consolidation then another end of year run! yes, all boats in the sector are rising. rno gets taken out! dharma 573553[/snapback] I have two scenarios....I can't tell which one plays out until we test out the swing high. First off there is a little bit more work do right here in order to have a run at the swing high on the HUI Dharma. Basically now is the dig your nails in tight time...... with the caveat to always be aware of your failure points. last few days the market has been saying there are buyers - in size - their hoofprints are visible in many many charts...... Demand has shown up during the seasonal time of strength. Link to comment Share on other sites More sharing options...
anjing bau Posted April 4, 2007 Report Share Posted April 4, 2007 SLW.to is waking up from its slumber...volume is heavy....somebody has taken out the local swing in size just a few minutes ago. Link to comment Share on other sites More sharing options...
dharma Posted April 4, 2007 Report Share Posted April 4, 2007 yes, ab i am seeing demand in many of the miners. we may have a pullback short term(hourlies are overbought and diverging) but then i think we try for the resistance again and go through it. dharma Link to comment Share on other sites More sharing options...
anjing bau Posted April 4, 2007 Report Share Posted April 4, 2007 they have been duking it at 666.00 in the gold arena...if the HUI closes at 356.07 it would be up 6.66 on the day...... poetic or ironic... Link to comment Share on other sites More sharing options...
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