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Post by simonsays on May 27, 2014 7:02:56 GMT -5
Radar, it must feel like Monday for you after the long weekend! I hope everyone is well rested because it looks like things could get exciting sooner than later.
Ps. My golf game did get a little better but then I ruined it by drinking beer.
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Post by simonsays on May 27, 2014 7:08:15 GMT -5
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Post by radar on May 27, 2014 7:24:53 GMT -5
Looks like platy's turn date will be a low. and 1250 would be a gift if we can get it!
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Post by simonsays on May 27, 2014 7:40:44 GMT -5
Or, it could be a high and we just keep going down from here. I realize that contradicts what cycles are telling us but just throwing it out there.
I won't feel comfortable going long without a sizeable sell off here.
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Post by radar on May 27, 2014 7:47:38 GMT -5
I will be buying back some of my calls today.
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Post by radar on May 27, 2014 8:05:15 GMT -5
silver found support just above $19.
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Post by simonsays on May 27, 2014 8:10:34 GMT -5
Yeah, so far it does look like bottoming action.
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mp
Junior Member
Posts: 77 
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Post by mp on May 27, 2014 8:21:45 GMT -5
Gold and Silver still in their down trending move. Be careful as the sentiments is about to enter oversold territory and could accelerate prices down.
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Post by radar on May 27, 2014 8:21:51 GMT -5
This is only the first "push" down, short term. Need a few more with pos divs.
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mp
Junior Member
Posts: 77
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Post by mp on May 27, 2014 8:23:56 GMT -5
Gold and Silver still in their down trending move. Be careful as the sentiments is about to enter oversold territory and could accelerate prices down. Actually Silver has already entered oversold range and we have a good intra-day drop. Need it to move above and trend up on our sentiments before it can be called a long. |
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Post by radar on May 27, 2014 9:27:11 GMT -5
Option trader I follow (who was long GLD puts last week) just covered.
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Post by simonsays on May 27, 2014 9:35:06 GMT -5
Miners really weak here. A couple days of this would be great.
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Post by radar on May 27, 2014 9:37:29 GMT -5
Miners really weak here. A couple days of this would be great. Agree...... |
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Post by radar on May 27, 2014 9:41:54 GMT -5
One more push down on the 15 min chart of gold would be nice today.
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Post by radar on May 27, 2014 11:27:05 GMT -5
We've had three pushes down and there are pos divs (gold). 15 min. low risk entry for a scalp and play up to 20 EMA
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Post by platy on May 27, 2014 11:32:12 GMT -5
Silver and gold are at important horizontal supports so we could get a decent bounce, but I think ultimately it will fail.
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Post by radar on May 27, 2014 11:32:51 GMT -5
Silver and gold are at important horizontal supports so we could get a decent bounce, but I think ultimately it will fail. I agree, Platy.
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mp
Junior Member
Posts: 77
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Post by mp on May 27, 2014 11:45:42 GMT -5
Here was the analysis on May 21st. So far so good.. 
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Post by platy on May 27, 2014 11:50:44 GMT -5
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mp
Junior Member
Posts: 77
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Post by mp on May 27, 2014 11:53:17 GMT -5
Looks like markets will do the reverse and make higher highs till mid June then? |
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Post by radar on May 27, 2014 11:55:58 GMT -5
I haven't seen a quote from Mahendra for years!
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Post by radar on May 27, 2014 11:57:57 GMT -5
Here was the analysis on May 21st. So far so good..
mp...since that 1280 area did not hold I agree with your "count" (EWT) |
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mp
Junior Member
Posts: 77
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Post by mp on May 27, 2014 12:00:18 GMT -5
Here was the analysis on May 21st. So far so good..
mp...since that 1280 area did not hold I agree with your "count" (EWT) Thanks Radar... |
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Post by radar on May 27, 2014 12:04:16 GMT -5
p.s. the low risk trade in gold is stopped out.
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Post by platy on May 27, 2014 12:08:58 GMT -5
Looks like markets will do the reverse and make higher highs till mid June then? Yeah I'd have to agree with that. I'm hoping for a short term correction now though because of the Jupiter-Saturn trine over the weekend. |
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Post by daniel on May 27, 2014 12:26:08 GMT -5
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Post by simonsays on May 27, 2014 12:35:50 GMT -5
Nice find Daniel. This BS cash cost reporting has been bothering for a while now. |
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Post by radar on May 27, 2014 13:30:23 GMT -5
MP: question for you since you like to follow EWI: What happens if gold drops to Mahendra's target area of $1178? Then will you re-number or re-letter your sequence?
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mp
Junior Member
Posts: 77
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Post by mp on May 27, 2014 13:50:09 GMT -5
MP: question for you since you like to follow EWI: What happens if gold drops to Mahendra's target area of $1178? Then will you re-number or re-letter your sequence? The drop to Mahendra's level is what I expect and an eventual lower low. In this case an ABC and not an abcde pattern which still ends in a 4th wave and 5th wave lower to finish of the C wave of an ABC that started in late 2011. |
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Post by radar on May 27, 2014 14:17:31 GMT -5
Thanks MP.... I admit this is not what I WANTED to happen (in gold) but as a speculator I cannot argue with price. Silver still on the fence the but longer we get no bounce I'm going to guess it also retests it's recent lows (at least). But, what do I know?
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