blackbelt Posted February 25, 2003 Report Share Posted February 25, 2003 Windbreaker, That's a very good site.. Link to comment Share on other sites More sharing options...
blackbelt Posted February 25, 2003 Report Share Posted February 25, 2003 On the "no guts, no glory" department... I'll take a long on RGLD today for a couple of points (hopefully) bounce....20 is a round number. Unless something serious is happening at the company, 20 should produce a bounce. 60m chart show the ADX at 54 (mature trend). Consolidation "should" start shortly. This is not investment advise Link to comment Share on other sites More sharing options...
Slothrop Posted February 25, 2003 Report Share Posted February 25, 2003 Great minds, BB: just bought RGLD about 10 minutes ago, as posted on the gold thread. Now seeing an ABCDE triangle on the Dow intraday chart which suggests a gap-filling move back up. Link to comment Share on other sites More sharing options...
blackbelt Posted February 25, 2003 Report Share Posted February 25, 2003 Slothrop, I don't intent to keep RGLD for long. I believe it could see 21 fast (assuming that current levels hold). The problem with holding longer is that there are no positive signs on the 240m chart (ADX = 36) which tell me even if it rallies now it should go lower or consolidate first before it decides it's next move... Link to comment Share on other sites More sharing options...
Slothrop Posted February 25, 2003 Report Share Posted February 25, 2003 Yup. HRB in the green on a down day. Link to comment Share on other sites More sharing options...
blackbelt Posted February 25, 2003 Report Share Posted February 25, 2003 DOW - Daily, Since Slothrop mentioned the DOW here is the daily chart which shows that there is a "potential" change in trend today.... I could be a short term low or could be nothing.... Link to comment Share on other sites More sharing options...
blackbelt Posted February 25, 2003 Report Share Posted February 25, 2003 MERQ - 30m A chart worth watching... Link to comment Share on other sites More sharing options...
PileDriver Posted February 25, 2003 Report Share Posted February 25, 2003 BB, yes indeed (stop 36) Link to comment Share on other sites More sharing options...
blackbelt Posted February 25, 2003 Report Share Posted February 25, 2003 ES - 15m It seems like another consolidation is taking place on the 15m chart of the mini. The 60m chart is trending with no positive divergences.... The downside is not over just yet (on this move) Link to comment Share on other sites More sharing options...
anjing bau Posted February 25, 2003 Report Share Posted February 25, 2003 does this look like an ongoing abc correction with B & C not yet completed? And the HUI is it consolidating before dropping to the 200dma? And the leader of the group is it finally Dover Sole here? Link to comment Share on other sites More sharing options...
sniff Posted February 25, 2003 Report Share Posted February 25, 2003 I also grabbed a bit of RLGD for a trade this morning... Link to comment Share on other sites More sharing options...
blackbelt Posted February 25, 2003 Report Share Posted February 25, 2003 NDX - 15m There are momentum divergences that appear on the 15m NDX chart. The low of the day is at the exact upper level of the measured gap. I'm not sure how it will play out right now, so I'll sit back and watch. I think we might see a lower low and then a corrective move up... Link to comment Share on other sites More sharing options...
PileDriver Posted February 25, 2003 Report Share Posted February 25, 2003 Oh so tempting...isn't it?! Read Doc's Anals on HUI ?! I did. Plus I've been getting this for 6+ straight days now. Is this the final shake-out fake-out ?! Is it worth waiting for one more push down? What happens if it doesn't come or if it does it may not be that bad. I wish I had tomorrow's newspaper :grin: Link to comment Share on other sites More sharing options...
blackbelt Posted February 25, 2003 Report Share Posted February 25, 2003 SPX - 1m The levels shown on the 1m chart should contain the advance from the lows Link to comment Share on other sites More sharing options...
FeedFool Posted February 25, 2003 Report Share Posted February 25, 2003 Joke Link to comment Share on other sites More sharing options...
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