Charmin Posted April 30, 2010 Report Share Posted April 30, 2010 I was looking at GDX today. Things look a bit different in that the near term moving averages are moving up and away from the weekly 21 & 50 bar ma's (dashed). http://www.StockSharePublishing.com/ChartLib/GDX_04_30_17_55_1272664544.png Link to comment Share on other sites More sharing options...
bearvest Posted May 1, 2010 Report Share Posted May 1, 2010 April: Didn't notice that the May tread was opened. Posted my thoughts on Canadian markets on the April thread. Link to comment Share on other sites More sharing options...
hedonicprocto Posted May 1, 2010 Report Share Posted May 1, 2010 Charmin: that chart might have ominous implications even so BUT this gives me some sleep: http://stockcharts.com/h-sc/ui?s=$HUI&p=W&yr=3&mn=1&dy=18&id=p29135577090&a=189402400 Link to comment Share on other sites More sharing options...
Whadda I Do Whadda I Do Posted May 1, 2010 Report Share Posted May 1, 2010 If miners were to take a dump then they missed their cue on Friday with the regular markets tanking. I can only suspect spot gold price is supporting this sector and the manipulators aren't having much luck beating spot down. Maybe they are about to go long. Can't beat'em, join'em. Link to comment Share on other sites More sharing options...
Dharmaeye Posted May 1, 2010 Report Share Posted May 1, 2010 April: Didn't notice that the May tread was opened. Posted my thoughts on Canadian markets on the April thread. Thank you for your posts. Link to comment Share on other sites More sharing options...
dharma Posted May 1, 2010 Report Share Posted May 1, 2010 the lead dog is gold the miners start the day having good gains, only to spin their wheels for the rest of the day, giving back a big %. i am a gann trader. and 467hui comes up a #of ways. i sit w/cycles of the low in front of me. and 467 marks the end of the 10th cycle. take this out and we run to the highs. the chart wxman posted in april is a very powerful pattern. be sure to take a look this excerpted from merriman: Another geocosmic factor to watch for this week is the entrance of heliocentric (not geocentric) Mercury into Sagittarius, May 6-17. This is a signature of sharp price moves, especially in precious metals, and usually upwards, for at least 3-9 trading days. Usually it is not so bullish for stocks. http://www.stariq.com/MarketWeek.HTM i have the 10th as having some significance. i am looking for new forever highs. my cycles top around june 20th. the battle lines are drawn. and i think something ugly rears its head! bv- i have never seen or heard of anyone getting rich shorting a bull market. good luck w/dat dharma investigation of silver http://www.kingworldnews.com/kingworldnews/Broadcast_Gold+/Entries/2010/5/1_Ted_Butler_on_the_Metals_Market.html this is an astute study http://www.financialsense.com/fsu/editorials/2010/0430.html Link to comment Share on other sites More sharing options...
Charmin Posted May 2, 2010 Author Report Share Posted May 2, 2010 Charmin: that chart might have ominous implications even so BUT this gives me some sleep: http://stockcharts.com/h-sc/ui?s=$HUI&p=W&yr=3&mn=1&dy=18&id=p29135577090&a=189402400 Not long ago we where looking back to September to retest a breakout - now we're looking at "Return to December." http://www.StockSharePublishing.com/ChartLib/GDX_05_01_23_20_1272770444.png Even I would like to see GDX make a new high.... like AZK http://www.StockSharePublishing.com/ChartLib/AZK_05_01_23_23_1272770597.png Link to comment Share on other sites More sharing options...
DrStool Posted May 3, 2010 Report Share Posted May 3, 2010 Precious Metals Update New projections Link to comment Share on other sites More sharing options...
dharma Posted May 3, 2010 Report Share Posted May 3, 2010 watching gold 1183 hui 467 we have been overbought on several time frames, looking to see how that gets worked off. not expecting much to happen until thursday dharma Link to comment Share on other sites More sharing options...
JoeSixPack Posted May 3, 2010 Report Share Posted May 3, 2010 Strange day: DOW up, Gold up, Silver up, mining stocks down. Sector downgrade? .. Link to comment Share on other sites More sharing options...
Whadda I Do Whadda I Do Posted May 3, 2010 Report Share Posted May 3, 2010 The indicators are for NGD. If spot keeps this climb going (and why shouldn't it with the banking system's fiat failing) then miners will have a shallow and short pullback. Miners have been suppressed for years and need to do some serious catching up. The plunge protection team with albeit inflated funds working overtime to prop the regular markets up. This could go on for months until about October when reality sets in. Wouldn't be surprised if recent bank protesters were Gsak employees taking to the streets on their lunch break. Action! Cut! Print! Link to comment Share on other sites More sharing options...
bearvest Posted May 4, 2010 Report Share Posted May 4, 2010 HUI: I know it's unpopular to post bearish charts. But this is how I see it. Repetitive ABC patterns that indicate a likely double zig zag upward correction. There's a confirmed shooting star candle pattern. MACD histogram has what I'll call a peak or "rooftop pattern". Stochastics has crossed over above 80. Worst of all, there's that insidious overlap of the April 9th high that destroys an impulsive count. Wave 4 can't overlap wave 1. Link to comment Share on other sites More sharing options...
DrStool Posted May 4, 2010 Report Share Posted May 4, 2010 Precious Metals Update Link to comment Share on other sites More sharing options...
dharma Posted May 4, 2010 Report Share Posted May 4, 2010 richard russell today http://www.321gold.com/editorials/russell/russell050410.html ahhhh! stewart thompson rapidly becoming one of my favs http://www.321gold.com/editorials/thomson_s/thomson_s_050410.html dharma i am looking for this correction to last till the 6th-10th 1168 1153 are support. Link to comment Share on other sites More sharing options...
Dharmaeye Posted May 4, 2010 Report Share Posted May 4, 2010 richard russell today http://www.321gold.com/editorials/russell/russell050410.html ahhhh! stewart thompson rapidly becoming one of my favs http://www.321gold.com/editorials/thomson_...n_s_050410.html dharma i am looking for this correction to last till the 6th-10th 1168 1153 are support. Stewart Thompson http://www.321gold.com/editorials/thomson_s/thomson_s_050410.html Link to comment Share on other sites More sharing options...
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