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Post by birthmark on Jun 25, 2015 10:01:30 GMT -5
Looking at getting some DUST soon. If I only held from weeks ago...IF, IF, IF...
GL
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Post by huh on Jun 25, 2015 16:11:46 GMT -5
GDX target 17.38
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Post by huh on Jun 26, 2015 10:41:57 GMT -5
Only if GDX were to rise >18.27 now would it squeeze the bearish pattern - not betting on it currently, only something to keep an eye out for
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Post by huh on Jun 29, 2015 7:48:17 GMT -5
Keep an eye on GDX this morning - could produce that squeeze. Need to see how that potential bottom plays out in the EURUSD chart I posted last night
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Post by huh on Jun 29, 2015 8:57:32 GMT -5
Keep an eye on GDX this morning - could produce that squeeze. Need to see how that potential bottom plays out in the EURUSD chart I posted last night 18.08 should act as support in GDX now. If it were to lose that, the squeeze likely wouldn't be happening today. Still need >18.27 to squeeze.
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Post by huh on Jul 1, 2015 10:26:50 GMT -5
My take on CNL.TO - I'm always the bad guy If it breaks higher here, it has some upside. But look how it hit those 61.8 and 76.4 FIBs. At the very least, be careful if it loses 2.90's now: [chart of CNL] And GDX could be looking at a 28% drop from here yet ... GDX sitting on the neckline of that large H&S
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Post by huh on Jul 1, 2015 11:07:30 GMT -5
Expecting GDX to test somewhere ~17.30-17.45. After that, keep an eye out for a potential squeeze opportunity if rises back >17.60 (but only if).
Otherwise GDX downside target is ~13.10.
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Post by jacksrbtr on Jul 1, 2015 12:14:34 GMT -5
My take on CNL.TO - I'm always the bad guy If it breaks higher here, it has some upside. But look how it hit those 61.8 and 76.4 FIBs. At the very least, be careful if it loses 2.90's now: [chart of CNL] And GDX could be looking at a 28% drop from here yet ... GDX sitting on the neckline of that large H&S Thanks huh CNL still under consolidation after the monster move last week It's CFO says that the Gubmint issued environmental permits to Start Construction are "IMMINENT" - well see.
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Post by huh on Jul 1, 2015 13:36:41 GMT -5
Target hit Now me thinks either it squeezes, or the market does
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Post by jacksrbtr on Jul 1, 2015 15:37:08 GMT -5
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Post by huh on Jul 1, 2015 15:38:46 GMT -5
That's not a wedge. Wedges don't have flat horizontal bottoms. A wedge with a flat horizontal bottom is a descending triangle.
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Post by huh on Jul 1, 2015 15:41:59 GMT -5
...Gold has played that 1188 like a fiddle, and in the process created a potentially larger bearish pattern. Lose 1168 now and downside target becomes 1050. JMO Gold closed at 1167.70
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Post by huh on Jul 2, 2015 7:20:21 GMT -5
Now seeing another potential pattern set-up targeting 1060s/1050s in gold
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Post by jacksrbtr on Jul 2, 2015 7:38:57 GMT -5
Now seeing another potential pattern set-up targeting 1060s/1050s in gold And that's the Goldman Sachs prediction....errrr target.....errrr goal.
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Post by dino on Jul 2, 2015 11:39:23 GMT -5
That's not a wedge. Wedges don't have flat horizontal bottoms. A wedge with a flat horizontal bottom is a descending triangle. OMG. Somebody needs to tell this goof ball that when you draw lines on a chart to define a pattern, THE LINE NEEDS TO ACTUALLY TOUCH THE CANDLES! Now, whether you use wicks/tails/candle closes is debatable. What's not debatable is the validity of a phantom line that touches nothing. That flat, bottom line is invalid. If anything, it should be a slanted downward which is a descending wedge. BULLISH (long term).
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Post by huh on Jul 2, 2015 11:56:56 GMT -5
That's not a wedge. Wedges don't have flat horizontal bottoms. A wedge with a flat horizontal bottom is a descending triangle. OMG. Somebody needs to tell this goof ball that when you draw lines on a chart to define a pattern, THE LINE NEEDS TO ACTUALLY TOUCH THE CANDLES! Now, whether you use wicks/tails/candle closes is debatable. What's not debatable is the validity of a phantom line that touches nothing. That flat, bottom line is invalid. If anything, it should be a slanted downward which is a descending wedge. BULLISH (long term). Yeah, I saw the same thing and was going to write about it, but after looking at the daily chart I figured there wasn't much point. H&S target ~975, the rounded top RS targets ~1050 When it failed at the 1186-1188 area again (this time the 61.8 FIB from previous high), it sort of killed it's chances for a squeeze back to 1300's IMO
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Post by novie08 on Jul 3, 2015 10:27:21 GMT -5
These markets are open. Surprised to see them + as it looks as though the Greeks (supposedly) will vote "yes" to stay in the EU. Stupid imo. Much more l-t pain.
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Post by walnut on Jul 4, 2015 7:45:01 GMT -5
Why would the EU want them? A ball and chain for the Euro currency. At least helps keep their exports up I guess. When asked what Greece has to offer the EU the other day, their finance minister said "culture".
Greece is the predictable failure of socialism, in glaring daylight, for the world to see. Voted the leftists in a few years back and wow the collapse was quick and complete. I am just afraid that voters are not smart enough to manage themselves. I think we are capable of this stupidity in the US too.
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Post by jacksrbtr on Jul 5, 2015 18:57:48 GMT -5
Why would the EU want them? A ball and chain for the Euro currency. At least helps keep their exports up I guess. When asked what Greece has to offer the EU the other day, their finance minister said "culture". Greece is the predictable failure of socialism, in glaring daylight, for the world to see. Voted the leftists in a few years back and wow the collapse was quick and complete. I am just afraid that voters are not smart enough to manage themselves. I think we are capable of this stupidity in the US too. ABSOLUTELY "CULTURE"!!! Who here WOULDN'T go toe to toe with Carmen Electra, King Leonidas's wife in "Meet the Spartans" I ask you!!!
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Post by novie08 on Jul 5, 2015 19:38:46 GMT -5
Why would the EU want them? A ball and chain for the Euro currency. At least helps keep their exports up I guess. When asked what Greece has to offer the EU the other day, their finance minister said "culture". Greece is the predictable failure of socialism, in glaring daylight, for the world to see. Voted the leftists in a few years back and wow the collapse was quick and complete. I am just afraid that voters are not smart enough to manage themselves. I think we are capable of this stupidity in the US too. The only reason they could possibly want them in is to continue the illusion that "all is well" and that the bondholders will be paid when we all know there will be a default. Personally, hope Greece is by some miracle showing us all the way to regain at least SOME semblance of freedom. Higher taxes and "austerity" simply will not work imo. But that's just me. I truly know/understand nothing. www.reuters.com/article/2015/07/05/us-eurozone-greece-idUSKBN0P40EO20150705The youth are hit particularly hard with 50% unemployment.
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