Guest Posted May 19, 2004 Report Share Posted May 19, 2004 seems that noone believes that Gold is up $7 and Silver up .24 ... Even the price of the miners isn't fully reflective of that gain.. Link to comment Share on other sites More sharing options...
Old Habits Posted May 19, 2004 Report Share Posted May 19, 2004 Curious that we have interest rates rising today and the buck falling. Maybe there is a change of thinking there as well. Depending on what the POG does here, and the buck for that matter, the HUI looks like it could run up quite a bit. Maybe a zig zag for the next couple of weeks? Anyone like AU here? Link to comment Share on other sites More sharing options...
Thad Posted May 19, 2004 Report Share Posted May 19, 2004 FWIW, the (BCA Software: http://www.ez-pnf.com/maxpain.htm) minimum-payout point for NEM May options seems to be at about 39.2, which is also near the May 4/5 highs. I'm hoping NEM ends up there (or above) Friday. Link to comment Share on other sites More sharing options...
SevenOfEleven Posted May 19, 2004 Report Share Posted May 19, 2004 seems that noone believes that Gold is up $7 and Silver up .24 ... Even the price of the miners isn't fully reflective of that gain.. Percentage wise gold isn't impressing me much, and much to my chagrin. Silver's caught my eye tho... Link to comment Share on other sites More sharing options...
Charmin Posted May 19, 2004 Report Share Posted May 19, 2004 came across an important discovery.... on NEM remember me talking about targets of June 6, 2003 on the broad market and high volume swing highs need to get retested... well, look where NEM had one - same date Link to comment Share on other sites More sharing options...
Charmin Posted May 19, 2004 Report Share Posted May 19, 2004 Bears are overwhelming the Dow right about now Link to comment Share on other sites More sharing options...
SevenOfEleven Posted May 19, 2004 Report Share Posted May 19, 2004 Can't figure out what to make of palladium. Thin green is t-lines and channels, orange is two natural squares with the midpoint between them bold. Move down appears to be broadening. Snagged on lower t-line and natsqr median. Check out MACD - looks like a kiss wanting to happen. I'm wondering if it doesn't indeed smooch the line, drop to the 225 area on a higher MACD histogram trough, creating enough divergence to pop it to the 50dMA area (272.5 is another median). If you back out big time this entire upward move looks like a correction to a larger h/s formation. If true then gaming the first time was low risk. Gaming a second time, however, may be much higher risk. Open to suggestions... -SOTBOT Link to comment Share on other sites More sharing options...
Charmin Posted May 19, 2004 Report Share Posted May 19, 2004 could turn out like I said - short covering into resistance closes are important for winning the battle Link to comment Share on other sites More sharing options...
Charmin Posted May 19, 2004 Report Share Posted May 19, 2004 Seven I'm still holding a swing high of 7.73 on PAL on my charts to get retested Link to comment Share on other sites More sharing options...
Charmin Posted May 19, 2004 Report Share Posted May 19, 2004 is there two fingers left holding onto the cliff for the broad market? Link to comment Share on other sites More sharing options...
Charmin Posted May 19, 2004 Report Share Posted May 19, 2004 and guess what industry is doing well today Security Systems http://biz.yahoo.com/ic/ and you didn't buy KROLL yesterday did you Link to comment Share on other sites More sharing options...
SevenOfEleven Posted May 19, 2004 Report Share Posted May 19, 2004 Seven I'm still holding a swing high of 7.73 on PAL on my charts to get retested Here's the larger picture I was talking about. As I've noted before, h/s formation aren't my forte (even saying that much is saying too much). I'll have to take a look at PAL. Maybe SWC also... Link to comment Share on other sites More sharing options...
Charmin Posted May 19, 2004 Report Share Posted May 19, 2004 hey nice and ugly for a close more Wyckoff chat tonight so I'll be in later Link to comment Share on other sites More sharing options...
Charmin Posted May 19, 2004 Report Share Posted May 19, 2004 that would be the swing high of 11/10/03 on PAL Link to comment Share on other sites More sharing options...
SevenOfEleven Posted May 19, 2004 Report Share Posted May 19, 2004 that would be the swing high of 11/10/03 on PAL Thankya Dean. Learn good stuff in Whackoff so you can rub some smarts off on me Link to comment Share on other sites More sharing options...
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