Wanted to mention before the close…
This is a slam down and a reversal. Was it the lows for now on this pullback? Downside MAY be done.
GDX – I have used the 8sma in the past and we did tag it on GDX today. FOMC is still tomorrow, and we may get more downside to the 10 or 20 sma , but if you sold positions, you MIGHT want to think about the Miners you have been wanting.
Yes, with the FOMC minutes release tomorrow, we could see one more drop. Look at todays shake out. They could do that tomorrow, below todays lows and still be fine on the gold chart. THAT would tag the $1100 area where the 10sma is, thats how they get lower prices, they run stops and buy the positions lost by those stopped out.
BUT WILL MINERS SELL OFF MUCH? I want to release this before the close for any who wanted to buy a pullback. Today was a pullback, tomorrow “MIGHT” be another. There is always a chance that the FOMC release causes a jump & not a drop.
It is decision time for some. Have a great evening!
~ALEX
Turning Points 
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Nicely done GDX….
(refresh)
Nnice view – Was that all the Chartfreaks jumping in 🙂
I restrained myself. Shorted JDST for a little $. I tell you this x3 short etf will crash hard and I want to cash in.
(haven’t done a great job as of yet)
nice moves….. jagga
LECHIFFRE…. please let us know tomorrow how you make it with this trade. Just try to follow you.
Have a great evening.
I’ll post my trade. Follow at your own risk with a tight stop 🙂
>I Start small where I don’t feel emotional about the loss, a few hundred shares and add to winners.
THANKS LeChiffre !!!
oooo lookie there…. twitterpating…
MAN – I have to get a faster email alert system….that took 8 minutes for the automated email to alert.
Have a great night everyone, rest up for FOMC JITTERS – lol.
saw your comment on the previous post 🙂
good night Alex
JDST bear flag (1 hour chart) for Maria
(refresh)
.. oooo ooo weeee doggie..
thank u frenchie ;o)
love the fairy. My daughter (3 y old) will love her!
ps.. you KNOW all I see is 1 .. 2 .. 3 .. 4 (triangle/bear flag) annnnd wait for it….. wait for it … 5 down..
chaaachaachinnng….champagne in paris… ahhhhh … one can dream ;o)
Hi Maria. Just out of interest…as a newbie!!…are you seeing potentially 4 down out of a possible 5 from the lower peak on the chart. If so I assume that is to make the C wave of a possible ABC minor correction from the peak at 18.25. If I’ve got that right then I can understand your champagne thoughts!! 😉
well.. all i could see is the chart/snaptshot of the ‘leg’ he posted above chris…I will look later tonight what it is attached to…
Don’t worry. I’m confusing myself now!! Just appreciated this is a x3 leveraged bear ETF for Junior gold miners. So the last thing I want is for this to rally!! Lol Been at my PC for 11 hours now. I think maybe it’s time I started to think about closing down before I make anymore school boy errors!!! Lol 😉
oh yeah, give us your 5 steps, Great Priestess!
That’s funny, that is exactly what I saw. I think I must have been reading too many of your posts lately.
:o) dont let charfreak know… ;o) he he he
OAS and RCC setting up nicely for swing long.
Just read the quickie.. Thanks
interesting frank… macd just crossed to the upside… .wait, thats… nevermind..scratch that… lets see.. hmmm… just poked thru the upper bollinger bands… hmm .. yeah.. that could work..;o)
I will not play much right now. I am leaving Sunday for Bermuda
Energy list for those interested. (refresh)
Staring at the computer too long
Ewe gross
you’re welcome. I need a break. Going for a swim 🙂
Thanks
Thanks
This is a tough one. Gold and miners just look like a normal corrective move after the initial surge off the ICL. The attack this morning however did some damage to silver and may have forced a daily cycle top. The question is does silver drag gold and miners back down, or do gold and the miners pull silver back up?
On the positive side even if another attack on tomorrow’s Fed minutes breaks the rally and forces another daily cycle down to 1030 it would just mean the intermediate rally would ultimately be even more powerful.
You can only hold the beachball underwater for so long before it launches towards the sky 🙂
Todays report will be a tad later than normal, but With the FOMC at 2 p.m. , it is likely that not much will change from my update here until then.
Gold breaking out of the bull flag, heading higher! Lets hope……
yes.. if it’s a 3 triangle…. looks like it might
but.. im watching it as a 5 triangle as well…
https://www.tradingview.com/x/kO3h438k/
… which SHOULD break to the UPSIDE after pattern completion.. ;o)
Maria, so you see us going down to 1105 if its a 5 triangle?
idk…it’s lookn like a 3…. ;o) GDXJ is a 3 …sooo .. hang on to your hat…woop.. (maybe) ha ha mr. market may come and slap us upside the head and take our hat….;o)
This fits one of my FED MINUTES RELEASE SCENARIOS 🙂
I’ll make u a believer yet CF…
I’ll have u know… a few of my EW works ups actually ‘nailed’ the projected paths….
actually im gonna go get those links…
and im as green as they come…it’s just been 3mths of my babbling.. (i know it seems like more… but can u ONLY imagine how I feel about you… LOL LOL)
silver already taken viagra?
..but not broken out of down trend line just yet
What’s that? Viagra?
yeah son … explain the concept please… ;o)
giggle…
Like Cialis
https://www.youtube.com/watch?v=KShkhIXdf1Y
LOL… Cheater…………………….
ha.. you explain it then!
So much for EGO! Greece halts mining at one of EGO’s mines!
uggh.. i ALMOST nibbled that yest…. it was eeny meeny miny mow… with that and CRK… i went with the latter…thankfully…. R U in?
I was, sold EGO this morning. Made 15% not bad.
Frustrating, GOLD is higher than it was on the 12th, yet GDX isn’t keeping up.
Capitulation in 1hour USO
nice… i have it in the 5th of the 5th…. WOOP.. but 5s can extend as we know ;o)
that thing never seems to stop dropping
yea… the bigger they are .. the harder they fall… well .. that worked in sports anyway.. LOL
ohh and hmm.. not unlike your viagra..oh nevermind..ha!