bearvest Posted October 7, 2007 Report Share Posted October 7, 2007 Bollinger Bands: I've posted on what Bollinger said about his bands---compression leads to sharp moves. He denies that expansions should be interpreted as reversal signals. It depends on the degree of expansion and the number of times the Band is hit ---though others argue that when expansions end, the end result is a reversal or a regression beyond the mean to the lower exreme Here's the last several months for XAU. Link to comment Share on other sites More sharing options...
dharma Posted October 7, 2007 Report Share Posted October 7, 2007 i think we are in wave 5 up off the 8/16 lows. i am looking for a move to 710 which is short in time. the miners may have a bigger correction in price as i see a top coming in the broads later this week. the feeling in the market has changed, dips will be bought. i have seen each low since 8/16and including this low as accumulation taking place. i just one to point out that oscillators in bull markets will always get one out too early . divergences will occur, only to be taken out by the next upthrust without much of a correction. if you must trade be advised of this character of bull markets. dharma Link to comment Share on other sites More sharing options...
bearvest Posted October 7, 2007 Report Share Posted October 7, 2007 HUI. Wave 2 or wave 5 at one degree of trend lower? Ive posted that I believe we've seen a completed impulse up from the August 16th lows. Dharma and Meta think we've seen 3 waves up and last week's action was the completion of a small wave 4. McHugh posted his long, medium and short term counts at Safehaven.com. His charts for HUI depict my counts. http://www.safehaven.com/article-8561.htm Link to comment Share on other sites More sharing options...
dharma Posted October 8, 2007 Report Share Posted October 8, 2007 yes, bv and we are in wave 5 now, which i think completes this week. then a couple of weeks of correction. which will get bought up. dharma Link to comment Share on other sites More sharing options...
Ageka Posted October 8, 2007 Report Share Posted October 8, 2007 I am not into Elliot but my cycle analyses makes me believe Petch is right in the conclusion we are about halfway up in the fast rise part Does his Elliot comply ? http://www.gold-eagle.com/editorials_05/field100107.html Link to comment Share on other sites More sharing options...
dharma Posted October 8, 2007 Report Share Posted October 8, 2007 well w/this mornings smack down, it looks like wave 5 of whatever this wave is, is over. it was short in time and in price. i think we correct to 710. and on the shares, i think it is steeper. 2-3 weeks of correction, which no matter when and where it ends will be a buying opportunity. dharma Link to comment Share on other sites More sharing options...
hedonicprocto Posted October 8, 2007 Report Share Posted October 8, 2007 Isnt the obvious view that we are in some sort of corrective flaggy pattern off the Sept ember highs, with one more dip down to come ? (HUI, XAU)? Link to comment Share on other sites More sharing options...
Charmin Posted October 8, 2007 Author Report Share Posted October 8, 2007 Pigmen at work at that 750 level Link to comment Share on other sites More sharing options...
dharma Posted October 8, 2007 Report Share Posted October 8, 2007 does anyone care to state a preference for paas or ssri. or other thanks dharma Link to comment Share on other sites More sharing options...
Private Skidmark Posted October 8, 2007 Report Share Posted October 8, 2007 does anyone care to state a preference for paas or ssri. or other thanks dharma 613534[/snapback] Fundamentally, I can't speak, but it looks like SSRI has outperformed over all but the shortest time frames. Link to comment Share on other sites More sharing options...
Whadda I Do Whadda I Do Posted October 8, 2007 Report Share Posted October 8, 2007 SSRI operates at a loss with overpaid execs. with possible exposure to China soil, eventually. PAAS looks better managed. Both have a gap to fill in the s/t. I'd looked to SLW first or buy physical. Link to comment Share on other sites More sharing options...
dharma Posted October 9, 2007 Report Share Posted October 9, 2007 i am starting to rethink that this is all wave 4!? it sure is looking more and more like a consolidation. and really it does not have the right look of a 5 th wave, its too short in time and price. dharma Link to comment Share on other sites More sharing options...
bearvest Posted October 9, 2007 Report Share Posted October 9, 2007 does anyone care to state a preference for paas or ssri. or other thanks dharma 613534[/snapback] From my viewpoint, SSRI is an overwhewlming favourite. MACD is far more bullish. There appears to be a clear impulse up. Monday was an "inside day" for both, so the trend will be dictated Tuesday. PAAS has an overlapping pattern. It could be a series of 1's and 2's setting up a powerful 3rd of a third, but I don't like overlaps. It also has a megaphone top (reverse symmetrical triangle), suggesting indecision rather than bullishness. MACD is weaker, so it is trending with less vigor. Again, I think the dips should be bought---but Silver's chart is far less decisive than Gold's. I'd hold off on Silver. Incidentally, after I looked at the candlestick charts, I looked at the daily P&F's. They tell a whole story on why SSRI is more bullish than PAAS. Link to comment Share on other sites More sharing options...
bearvest Posted October 9, 2007 Report Share Posted October 9, 2007 PAAS: There's too much happening in PAAS. It could be a small head and shoulders if volume picks up on a decline. If volume diminishes it could be a bullish flag formation. I don't trust flags that exceed fib 3, 5, or 8 days--and this is pretty long in the tooth for what I consider to be a "flag"--typically early 4th wave positions in multiple 1 and 2 series. Too scary to think of a current entry in my opinion. $25.50 may be reasonable. Link to comment Share on other sites More sharing options...
dharma Posted October 9, 2007 Report Share Posted October 9, 2007 anyone else have mng, i have a ton of it. not sure what to do. i dont want nem. what to do w/the money if i sell. adding to uxg anyway today. i like mcewen. so i doubled up. dharma Link to comment Share on other sites More sharing options...
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