Just beginnig my price volume Wyckoff studies. Yesterday's wide range candle with high volume is a potential sign of reversal. If volume doesn't stay up on these following days this thing is going to drop, JMHO. The only exception would be a pullback basing price action on lower volume and then push up on high volume. This is exactly what happened to 6C and 6B. Esp. 6C that loonie moved from around 1.10 was it to almost parity in the blink of an eye.
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Gold Triple Top Price Collapse Soon!!
- Thread starter jreynolds212
- Start date
any body know what the cot is at?
where are the commercials?
just as a comment; the 5-34-7 exp macd worked very well at this. it gave a very clear buy signal on 12/18 - 12/21 area.
http://charts.barchart.com/chart.as...058&argj=5&argk=34&argl=7&code=BSTKIC&org=stk
where are the commercials?
just as a comment; the 5-34-7 exp macd worked very well at this. it gave a very clear buy signal on 12/18 - 12/21 area.
http://charts.barchart.com/chart.as...058&argj=5&argk=34&argl=7&code=BSTKIC&org=stk
being lazy, i use this guy as a general approach
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID530404
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID530404
It appears the floor has been taken out of the equity market and the trap-doors are about to open. All these traders have seemingly PILED into the gold trade like a bunch of tourists on an overloaded bus on a hot London day.
Now the bus has run into a pole and gold will fall lower, much lower. Down we go goldies!!! Down we go!!! Dont wait, the trap door is about to spring and off you go into the abyss!!!
Now the bus has run into a pole and gold will fall lower, much lower. Down we go goldies!!! Down we go!!! Dont wait, the trap door is about to spring and off you go into the abyss!!!
Quote from jreynolds212:
It appears the floor has been taken out of the equity market and the trap-doors are about to open. All these traders have seemingly PILED into the gold trade like a bunch of tourists on an overloaded bus on a hot London day.
Now the bus has run into a pole and gold will fall lower, much lower. Down we go goldies!!! Down we go!!! Dont wait, the trap door is about to spring and off you go into the abyss!!!
Now that's optimistic. You couldn't even get back to 720 with asia buying so hard. What do you think happens if we see 780-800 again? Bid....
sounds like someone is trapped in equities and or futures maybe?
I don't think we'll EVER see a gold price under $775 again.
Quote from jreynolds212:
It appears the floor has been taken out of the equity market and the trap-doors are about to open. All these traders have seemingly PILED into the gold trade like a bunch of tourists on an overloaded bus on a hot London day.
Now the bus has run into a pole and gold will fall lower, much lower. Down we go goldies!!! Down we go!!! Dont wait, the trap door is about to spring and off you go into the abyss!!!
With all due respect....your a fool
You're probably right.
I've got a short-term sell on, which just means I bought some cheap puts today to hedge against a decline, which came in handy, and may come in handy in the early portion of next week.
But I expect to be out of them by the middle of next week, and in my longer term positions, I haven't changed a thing.
The OP is clueless and delusional.
I've got a short-term sell on, which just means I bought some cheap puts today to hedge against a decline, which came in handy, and may come in handy in the early portion of next week.
But I expect to be out of them by the middle of next week, and in my longer term positions, I haven't changed a thing.
The OP is clueless and delusional.