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Post by platy on Aug 28, 2014 7:44:34 GMT -5
Going to cash.
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Post by platy on Aug 28, 2014 7:59:00 GMT -5
I don't trust the metals rally. Silver and gold bounced too perfectly off their trendlines. Gold is at Neptune resistance now. I still think there will be a re-test of the lows.
Silver looks like it's on 4 up of 5 down. A drop below 19 is still possible.
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Post by platy on Aug 28, 2014 8:42:39 GMT -5
Closed all positions and shorted silver.
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Post by sb on Aug 28, 2014 9:04:21 GMT -5
28 days into the month and the XAU is where it started, maybe up a point.  |
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Post by brad949 on Aug 28, 2014 9:28:52 GMT -5
I don't trust the metals rally. Silver and gold bounced too perfectly off their trendlines. Gold is at Neptune resistance now. I still think there will be a re-test of the lows. Silver looks like it's on 4 up of 5 down. A drop below 19 is still possible. Test of lows as in 1,180? So, are you thinking your turn tomorrow will be the start of a big drop? |
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Post by platy on Aug 28, 2014 9:40:19 GMT -5
I don't trust the metals rally. Silver and gold bounced too perfectly off their trendlines. Gold is at Neptune resistance now. I still think there will be a re-test of the lows. Silver looks like it's on 4 up of 5 down. A drop below 19 is still possible. Test of lows as in 1,180? So, are you thinking your turn tomorrow will be the start of a big drop? No sorry I meant the 1274 low. I think metals are bottoming. I think the turn date may be a few days off. It should be a major low. |
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Post by platy on Aug 28, 2014 10:51:38 GMT -5
Closed silver short.
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Post by platy on Aug 28, 2014 15:05:39 GMT -5
Silver might give us another gravestone today.
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Post by platy on Aug 28, 2014 15:25:20 GMT -5
S&P futures too.
Correction, that would be a dragonfly on the S&P.
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Post by platy on Aug 28, 2014 16:33:30 GMT -5
Long silver, closed above 10 DMA, gravestone doji, RSI turning up, and turn date tomorrow.
ETA: Tight stop. I'm not completely convinced yet.
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