Hi zstock7, I short gold today, Bought DZZ. Gold had a 13 count on the Demark indicator. Hit the highs 3 times. I think it is a good short. Although seasonally September is a good month for Gold, may be not this time. I don’t think comsumers in India and China are buying gold at this high price.
Sorry I didn’t do a video update or new post yesterday gang. I’m having some computer problems with my desktop where all my programs are. I’m trying to move everything to a faster computer and it’s giving me fits.
I’m using my laptop as a backup, but it’s not setup with camtasia to record video’s. But, you did miss much as all I would have said was that nothing much has changed. I still see some chop action until this week is over with.
The main focus is around the turn date of the 12th, which is on a Sunday… meaning that a turn could happen this Friday or next Monday. While opx week is usually bullish, if we continue to chop around here and maybe even push up to the 1130 triple top level, then next week should be bearish.
If we chop here all week and don’t go up much, but instead pull back a little, then next week could be another leg higher. It would imply that we are in an ABC move up, and the 1130 would likely be taken out.
I’d rather see a small pullback for the B wave down now, and then a shorten C wave up into this Friday… which would complete the move and allow next week to be down. But, we might not get it that way? It’s hard too say at this point. Regardless, I still see this week choppy with no real direction either way.
GDX short entry 54.5, HOD 54.53, I’m not going to maim this gold bull by eating it’s legs off, I’m going to Kill IT! exit 50
Shorted NEM and AEM just so’s I could kill me some more gold Bulls. Gawd, I hate gold bulls. Can you tell?
These FPs work pretty well for value but has anyone noticed a time code? I am thinking something like before noon means days and after noon means weeks. Or 9-10 means hours, 10-11 means days, 11-12 means weeks, and so on.
Hi zstock7, Please could you let me know if a bearish hanging man candlestick was formed 2 days ago?
I am also wondering why has IYR gone up so much, when real estate(or house prices) itself has been going down?
What’s that old saying… never short a dull market.
Snoring…
SPY Triangle updated
Hi zstock7, I short gold today, Bought DZZ. Gold had a 13 count on the Demark indicator. Hit the highs 3 times. I think it is a good short. Although seasonally September is a good month for Gold, may be not this time. I don’t think comsumers in India and China are buying gold at this high price.
S&P 500 futures before opening bell
LINK TO THE POST
Sorry I didn’t do a video update or new post yesterday gang. I’m having some computer problems with my desktop where all my programs are. I’m trying to move everything to a faster computer and it’s giving me fits.
I’m using my laptop as a backup, but it’s not setup with camtasia to record video’s. But, you did miss much as all I would have said was that nothing much has changed. I still see some chop action until this week is over with.
The main focus is around the turn date of the 12th, which is on a Sunday… meaning that a turn could happen this Friday or next Monday. While opx week is usually bullish, if we continue to chop around here and maybe even push up to the 1130 triple top level, then next week should be bearish.
If we chop here all week and don’t go up much, but instead pull back a little, then next week could be another leg higher. It would imply that we are in an ABC move up, and the 1130 would likely be taken out.
I’d rather see a small pullback for the B wave down now, and then a shorten C wave up into this Friday… which would complete the move and allow next week to be down. But, we might not get it that way? It’s hard too say at this point. Regardless, I still see this week choppy with no real direction either way.
I never thought of that… interesting.
GDX short entry 54.5, HOD 54.53, I’m not going to maim this gold bull by eating it’s legs off, I’m going to Kill IT! exit 50
Shorted NEM and AEM just so’s I could kill me some more gold Bulls. Gawd, I hate gold bulls. Can you tell?
These FPs work pretty well for value but has anyone noticed a time code? I am thinking something like before noon means days and after noon means weeks. Or 9-10 means hours, 10-11 means days, 11-12 means weeks, and so on.