dharma Posted September 2, 2009 Report Share Posted September 2, 2009 gold right @the bust out of the pennant or triangle! dharma Link to comment Share on other sites More sharing options...
chiefywiefy Posted September 2, 2009 Report Share Posted September 2, 2009 I'm thinking BV might agree that this move is impulsive. Come on in the waters fine! Link to comment Share on other sites More sharing options...
Charmin Posted September 2, 2009 Author Report Share Posted September 2, 2009 OMG - it's happening. The apex is coming to an end. GLD http://www.StockSharePublishing.com/ChartL..._1251914042.png Link to comment Share on other sites More sharing options...
Charmin Posted September 2, 2009 Author Report Share Posted September 2, 2009 VGZ - March 18 supportive http://www.StockSharePublishing.com/ChartL..._1251914897.png Link to comment Share on other sites More sharing options...
Charmin Posted September 2, 2009 Author Report Share Posted September 2, 2009 RBY is pushing hard into resistance http://www.StockSharePublishing.com/ChartL..._1251914994.png Link to comment Share on other sites More sharing options...
Surfer Dood Doo Posted September 2, 2009 Report Share Posted September 2, 2009 Thanks Gold Majestic for the stock suggestions and encouragment. I'm loving it! Dont worry I researched well. Yesterday was really so worried thinking the bears were right now! They must be hurting today and there shorts. Does today mean we broke out of the triangle you been predicting. Can you give your suggestion on what this means. thanks!!! Link to comment Share on other sites More sharing options...
Ageka Posted September 2, 2009 Report Share Posted September 2, 2009 Hope you were extremely carefull coinguy What you see is what you get today Link to comment Share on other sites More sharing options...
dharma Posted September 2, 2009 Report Share Posted September 2, 2009 we have broken out of the feb triangle butt, if we step back to the highs of 3/08 and draw the triangle from there we are yet to break out. its only a matter of time dharma Link to comment Share on other sites More sharing options...
dharma Posted September 2, 2009 Report Share Posted September 2, 2009 one of gms former recommendations mmg has built a big base over the last months and it is starting to move out dharma Link to comment Share on other sites More sharing options...
Charmin Posted September 2, 2009 Author Report Share Posted September 2, 2009 AEM follows suit and they all see the apex ending http://www.StockSharePublishing.com/ChartL..._1251922144.png Link to comment Share on other sites More sharing options...
Charmin Posted September 2, 2009 Author Report Share Posted September 2, 2009 VGZ looks like one of those signs of strength coming after a long consolidation and the prior supply in June could not get price back under the March 18 demand area. http://www.StockSharePublishing.com/ChartL..._1251922537.png Link to comment Share on other sites More sharing options...
Ageka Posted September 2, 2009 Report Share Posted September 2, 2009 My puter says I made 13% plus on yamana today Two more weeks like this and I will be satisfied till next year Link to comment Share on other sites More sharing options...
Whadda I Do Whadda I Do Posted September 2, 2009 Report Share Posted September 2, 2009 I'm disappointed about not having more NG. Link to comment Share on other sites More sharing options...
Surfer Dood Doo Posted September 2, 2009 Report Share Posted September 2, 2009 My puter says I made 13% plus on yamana todayTwo more weeks like this and I will be satisfied till next year congrtulations! ageka. the bears had me real worried! My Jag up 15%, my AUY up 12%, GSS up 14%, my EGO up 9% an MFN up 4%!!! sorry to get so excited but not use to making money like this. thanks to GM and you guys!!! Link to comment Share on other sites More sharing options...
Gold Majestic Posted September 2, 2009 Report Share Posted September 2, 2009 GDX:Candlestick analysis. You can't do it with HUI as you don't get a wick or a tail as the market is deemed to open at the prior day's close. GDX, so I'm told, co-relates very closely to HUI. No surprise about the failed triangle breakout on Friday. The candle was a doji and a black one at that. No body and a relatively equal wick and tail showing neither the bulls or the bears really gained ascendency----a spinning top type of pattern---although the absence of a body classifies it as a doji. It was evidence of a short squeeze. The triangle breakout aborted Tuesday. The cloud represents a moving support/resistance area. It has a flat top, so it will attract price but offer formidable resistance. Tuesday's candle is another indecisive spinning top---not quite a doji as it has a body. In this case it's red, so score a little bit for the bears. . . . Upon being presented with an ONE HUNDRED YEAR OLD CHART showing the extremely high correlation of money supply (dictated by monetary policy) to price inflation over that entire period (that affects Gold/Commodities/Stock Markets/Bond Markets, etc.) "Charts Tell All" Bearvest replied "I'll simply withold judgement." "I'm inclined to agree that the Americans will embark on a "screw thy neighbour policy" by deflating the dollar. But whether this will create "value added" to other world economies is in dispute. So , I don't care about those charts." Never mind that the chart has been valid a hundred years, for Bearvest, it's apparent "Charts Tell All" only if it suites his needs. And being proven wrong doesn't . . . hypocrisy at is worst. Bearvest stated "All I care about is making money---and I'll remind you that I never saw a bearish post from you while GOLD plummeted from 1000 to 770 while I was busy selling call options against by long position in Goldcorp. If I recall correctly, you were trekking somewhere in South America without an internet connection." I reminded Bearvest that buying at significant bottoms and taking profits on the way up acquiring free shares, one has already recovered initial seed money long before tops arrive and is looking for the next significant bottom to develop. I've explained this investment style many times here, but Bearvest still hasn't figured that out. And my reply to him questioned how much he lost selling calls on GG since the EXPLOSIVE run-up from the late October '08 bottom. He was bearish several months after that! And true to form, "conveniently" NO RESPONSE. So I'll ask another question to "HUI RECIPE FOR DISASTER" Bearvest who has been so bearish lately, how much did you lose today on the selling of those GG calls? GG is up a whopping 19% over the past 2 weeks since August 17th and a HUGE 300% since the Friday Oct 24th bottom on the exact day I called it. PS. Panama Canal was built through the very narrow isthmus in Central America at enormous cost and loss of life for the very reason of saving huge additional costs and time of having to sail around the huge continent of South America where no such "very narrow" isthmuses exist. I.e., Panama with its cosmopolitan cities is located in Central America. You're welcome for the Geography lesson by the way. But since Bear "All I care about is making money" vest seems to accomplish anything but, I thought it important to reply to his post regarding candlesticks and the HUI above. Bearvest, for your benefit I'll include a weekly HUI candlestick "Charts Tell All" that may help you to step back to see the big picture forest as it's a waste of time dissecting minutiae. You may have noticed the outcome today of the bullish wedge formation and what the HUI WEEKLY BULLISH BOTTOM CANDLE FORMATIONS had been clangling, "DING DONG . . . DINGALING . . . DONG!!! Who says they don't ring a bell at the tops and bottoms? Link to comment Share on other sites More sharing options...
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