Al_Dente wrote:SLV testing gap of 9/23
FCX filled gap this morn
GLD/DGP has a way to go to reach gap
What's interesting about that 9/23 gap is that its a little above to the 8/8 gap on the way up for GLD. People who bought GLD on the blow off move higher at 165 may seek an easy exit if it returns to those levels.
too stretched and ChiOsc too high. in a strong trend, those don't matter of course, so we'll have to wait and see.
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Al_Dente wrote:SLV testing gap of 9/23
FCX filled gap this morn
GLD/DGP has a way to go to reach gap
What's interesting about that 9/23 gap is that its a little above to the 8/8 gap on the way up for GLD. People who bought GLD on the blow off move higher at 165 may seek an easy exit if it returns to those levels.
Thanks ultra; we r on same page
But I never underestimate those gold bugs; they like to hold till armageddon
Maybe “this time is different”
So many gaps to fill, so much time
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
ukarlewitz@yahoo.com wrote:Cobra
What is you preferred setting on ChiOsc?
Thanks you,
default which is ChiOsc(3, 10)
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OR, let's wait for the real breakout, more likely on the upside.
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Short is trapped. Did add to position to average price up, now SPY 116.43. Total position has been kept on the small side.
Will generate a small profit if gap to yesterday's close ever gets closed and a big profit if there is a move to new lows.
Bad news is that this bounce much higher than it should have been, which puts thesis in serious doubt.
Of particular concern is that NYA and certain other indexes hit lower low with positive divergences. So, there is an arguement for a double bottom having been made even though S&P didn't make one.
Will not be adding further to position. Have stop near last weeks highs but may tighten that if market action dictates.
Gulp.
Not my day.
Within last hour, it's in rectangular range. If BEN plans to push up at last hour of day, he should give us a chance to buy dip or I have to stay sideline.
My FAS all closed yesterday.
Only position is silver, loaded when it dip and I will hold it until I find a new target.