It isnt pretty, but the set up seems to be
Nov 12 10:00 A.M. Eastern
I am pretty focused on the Metals & Miners recently, but If you missed the run up in COAL and wanted to get in, it may be setting up for another leg up after a recent pause. These 3 charts show that the recent pullback is nearing support and could offer a low risk entry, because your stop is safely below support areas.
And also ....
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And also ....
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Reminder: Not All Bottoms Look The Same
Nov 10, 2014
Mondays action was what ... Scary? Yes, scary if you had a long position. If you didnt have a position, maybe it was time to take one! Was this another chance to buy in the Area near the lows ? ...or...Was today a chance to go short for the coming plunge? I ask that because I know many (not here necessarily) viewed today as "Weakness". 'The Bulls have no strength , no follow through, No buyers and the Bears are still alive and well.' And while I have to admit that that COULD be the case, I doubt it. Bottoming is often called a "Bottoming Process" because the battle of the bulls & bears doesnt allow a sell off or a rally - At First. If you examine previous "bottoms", you'll see that many act just like this before they take off upside. If it's a Real Bottom, that battle often drops off the New buyers, and leaves them behind.
AUDIO LINK CLICK HERE AUDIO LINK
Look at prior lows for Example: The reversal candle made the lows, then the next week sold at least 1/2 way down that candle
So what we see happening also happened at June 2013 , Dec 2013 lows, May 2014 lows ...Now
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So what we see happening also happened at June 2013 , Dec 2013 lows, May 2014 lows ...Now
Read More(Part 2) Sometimes They Just Get Tired
Nov 7 Weekend Report (part 2)-
Bear on a Tear! Bears can be powerful when on the attack, and Bear Market sell-offs are no different! Sometimes, however, they just get tired. In Part 1, I was pointing out a few other hated sectors that have been selling off viciously and showing how they are setting up at their lows in various ways. We caught Energy (XLE) the day of the lows mid October, and they bounced and double bottomed and so on. COAL / Uranium stocks similar...so what about Gold, Silver, & Miners? LAST WEEK I saw some interesting things and want to share them with you now. To The Charts!
Audio & what I wrote are almost the same, audio is 20 minutes, if you dont have time, reading it is almost the same. AUDIO = click here wkend report part 2
GOLD WEEKLY
Gold rejected the lower price/break down last week and closed at the highs, just shy of breaking back into that trading area. We want to see that this week. Will we? Look at the Middle indicator (Histogram) & the RSI. At new Price lows , they usually drops too. We hit new price lows, break down lows, and the Hist held up. I like that divergence.
At the end of Part 1 I said ...As I write GOLD is dropping straight down $6 and it will again be difficult to post a BULLISH report, but I would actually like to see GOLD crash down to $1154!! I would! (He said as GOLD continues to drop) 
We are now down $12 to $1166. I am O.K. with that.
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Gold rejected the lower price/break down last week and closed at the highs, just shy of breaking back into that trading area. We want to see that this week. Will we? Look at the Middle indicator (Histogram) & the RSI. At new Price lows , they usually drops too. We hit new price lows, break down lows, and the Hist held up. I like that divergence.
At the end of Part 1 I said ...As I write GOLD is dropping straight down $6 and it will again be difficult to post a BULLISH report, but I would actually like to see GOLD crash down to $1154!! I would! (He said as GOLD continues to drop) We are now down $12 to $1166. I am O.K. with that.
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