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Post by simonsays on May 21, 2014 8:40:44 GMT -5
Let's hope Fed minute day will help us resolve our tightly wound gold coil.
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Post by platy on May 21, 2014 9:40:00 GMT -5
SPX resistance now 1887.75.
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Post by daniel on May 21, 2014 9:44:56 GMT -5
Hello all.  |
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Post by platy on May 21, 2014 9:48:18 GMT -5
On May 12, Ceres made exactly 5 revolutions of the Sun since the DOW natal date. Ceres takes 1679.82 days to orbit the Sun. 10 x that is 16798, just 32 points from the DOW all time high the following day, 16736, a squaring of price and time.
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Post by radar on May 21, 2014 9:48:27 GMT -5
Hello Daniel!!
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Post by platy on May 21, 2014 9:58:38 GMT -5
On January 14, 2000, the DOW high was 11750. The orbital period of Ceres x 7 is 11759.
On March 24, 2000, the Nasdaq ATH was 4816. Mars' orbital period is 686.98 days. 7 times that is 4809.
The SPX 3/9/09 low was 667, close to 1 Mars orbit, or 3 Venus orbits.
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Post by platy on May 21, 2014 9:59:33 GMT -5
Hi Daniel |
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Post by simonsays on May 21, 2014 10:29:58 GMT -5
Hi Daniel. I enjoyed your perspective yesterday. You are a patient man.
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Post by platy on May 21, 2014 10:34:08 GMT -5
SPX resistance now 1887.75. Not that it really matters but I was off, it's 1888 still. |
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Post by daniel on May 21, 2014 11:22:54 GMT -5
Thank you all! I was wondering where a few of you went! Platy....anything new related to gold? Thank you!! |
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mp
Junior Member
Posts: 77 
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Post by mp on May 21, 2014 11:59:25 GMT -5
Due to the impulsive nature of the price today in the SPX and the momentum reaching an overbought condition in such a short time. I gather that this is an ABC from the low made on May 15th. If the bears has its way then the next move will be down and impulsive as well. A bullish case would accelerate prices for a 3rd wave and into another all time high (Which I am not leaning towards) But this is EW and every analysis should be taken with a grain of salt, no matter how confident we are with the counts. My indicators suggest that once the intra-day signal crosses down it will keep the prices at a bearish setup. So prepare for this volatility.
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Post by platy on May 21, 2014 12:38:30 GMT -5
Thank you all! I was wondering where a few of you went! Platy....anything new related to gold? Thank you!! Gold is ambiguous to me. Best guess is still for a drop into mid June. |
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Post by radar on May 21, 2014 13:00:27 GMT -5
Fed minutes?
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Post by radar on May 21, 2014 13:01:00 GMT -5
The first move could be a fake out. Gold new lows for day but not so with silver. (Of course that can change)
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Post by daniel on May 21, 2014 13:07:29 GMT -5
PLATY....
I hope I understand you correctly.... since June is such a huge turn date, if gold rose between now and then Gold would still change in June to an uptrend because the longer term trend has been down (even if the next three weeks are up) Does that make sense??
Thanks so much!!
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Post by radar on May 21, 2014 13:11:02 GMT -5
I THINK THIS DIP GETS BOUGHT LIKE ALL THE LAST ONES. sorry my cap button stuck. talking about metals.
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Post by platy on May 21, 2014 13:18:51 GMT -5
PLATY.... I hope I understand you correctly.... since June is such a huge turn date, if gold rose between now and then Gold would still change in June to an uptrend because the longer term trend has been down (even if the next three weeks are up) Does that make sense?? Thanks so much!! In a general sense yes you are correct. HOWEVER, Saturn made a 72° cycle on January 3, which in theory reversed the down trend to up. So the question is, do we get a double bottom next month which is a low, or do we get a high which reverses the trend back down? Edit: And yes because of the significance of the turn date I would think this is more important than even Saturn, so I agree the likelihood is for a LOW next month. |
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Post by platy on May 21, 2014 13:20:13 GMT -5
Gold finally broke through the triangle to the downside. Usually the first break is fake, so my guess is up from here. Next turn date May 25/26.
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Post by radar on May 21, 2014 13:24:38 GMT -5
Gold finally broke through the triangle to the downside. Usually the first break is fake, so my guess is up from here. Next turn date May 25/26. Could get another outside up day.....interesting there have been three this month so far! |
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Post by platy on May 21, 2014 13:26:45 GMT -5
Gold finally broke through the triangle to the downside. Usually the first break is fake, so my guess is up from here. Next turn date May 25/26. Could get another outside up day.....interesting there have been three this month so far! Does that indicate a bullish trend change? |
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Post by radar on May 21, 2014 13:32:01 GMT -5
Could get another outside up day.....interesting there have been three this month so far! Does that indicate a bullish trend change? It's a "buy the dips" sort of thing so I would assume YES it is bullish. |
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Post by simonsays on May 21, 2014 13:32:39 GMT -5
Here's the 5 min chart for GDX. The spike in volume and price is more bullish than bearish. Very interested to watch the close.  |
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Post by radar on May 21, 2014 13:36:27 GMT -5
silver reversal 15 min chart.
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mp
Junior Member
Posts: 77
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Post by mp on May 21, 2014 13:40:44 GMT -5
Still think Gold in a down trend  |
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Post by radar on May 21, 2014 13:46:31 GMT -5
Still think Gold in a down trend And we could still go lower. No doubt about it. sorry...going to add/edit. I think the ball game is changing, though. These dips are getting bought. There are higher lows on the daily chart....what we need now is some higher highs. Only time will tell. |
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Post by daniel on May 21, 2014 13:53:19 GMT -5
Miners are being Accumulated.... where it leads us over time is still TBD
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Post by simonsays on May 21, 2014 14:07:53 GMT -5
I agree that it does feel like miners are being accumulated Daniel. I think patience is required but a big pay day lurks if a person is careful.
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Post by daniel on May 21, 2014 14:09:25 GMT -5
I agree that it does feel like miners are being accumulated Daniel. I think patience is required but a big pay day lurks if a person is careful. Yeah.... I think that pay day is LONG PM's! I guess the timing of it is my only question! |
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Post by simonsays on May 21, 2014 14:31:20 GMT -5
The vix is positively asleep. I think it's time to take another shot at it. Maybe some index shorts too.
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Post by radar on May 21, 2014 14:36:04 GMT -5
ok boys and girls...i'm off to do some chores. see yooz tomorrow
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