03/14/2013 Live Update

[Al_Dente]

Someone posted a chart of Goldbugs a few days ago but I want to bring it out again because I think it's important in light of why I think we'll see another move up in gold and possibly another huge rally over the next 5+ years. The GDX chart is the way I see it... Falling wedge running into a major long term trendline which isn't going to be ignored IMHO...

gold bugs.png

gdx.png

thanks stlwater
his goldbugs chart is "log scale"
run it non-log and see what u get

[jarbo456]

btw...i don't know who put me onto the http://www.tradingview.com charts...

but that site needs a lot of work before i'd trust much with them. i've consistently had bad data...as a result, only use them on long term charts, and as a back-up to a back-up to a back-up.

[Cobra]

volume surge, not sure what it means, wait.

[Mr. T]

It means: "We're never going down again!!!!"

[Out of Bounds]

From the files of uglycharts.com
be aware that we are very close to the bear. bear is stealthy and hungry.

I am fully short as of yesterday so I woke up poor.

[BullBear52x]

I'm about to give up on my SLV trade.

Anyone else have an opinion (I remember a couple of people took this trade with me). The short term reversal back to 29.40'ish looks in danger as every up move has been weak and overlapping.

My mid to long term set up, buy the dip, now I got positive histogram but RSI is not low enough <30 is where the shopping start on this time frame or a break out of base line of 28ish.

[stlwater]

Someone posted a chart of Goldbugs a few days ago but I want to bring it out again because I think it's important in light of why I think we'll see another move up in gold and possibly another huge rally over the next 5+ years. The GDX chart is the way I see it... Falling wedge running into a major long term trendline which isn't going to be ignored IMHO...

gold bugs.png

gdx.png

thanks stlwater
his goldbugs chart is "log scale"
run it non-log and see what u get

You're right, I should have pointed that out. Thanks.

[TraderGirl]

Nice cover-your-ass chart.
I’m sure you’ll link us to this and other uncredited (borrowed) charts when the market turns.
Don’t bother replying.
I have blocked you.

Mmm. what's the problem? Harapa has two visions of the game? I guess most of us have... Harapa (as anybody else) can be wrong even in both scenaries . I didn't track him to know how he manages mistakes, cause it's not important to me. I simply add one more vision or scenario and make my own evalution.

If you are a trapped bear (like me ), and can't manage the situation, don't pay it with other people... Simply close your bet, take some fresh air, and return to the playground later.

Look, though this is a quite serious game, it's needed to take some distance to play it. Otherwise, your heart and/or your brain couldn't resist it. Even better if you can add some humor...

If Al has an issue with something someone does...you know that there is something to it...he doesn't just call shit out for no reason...

[BullBear52x]

Nice cover-your-ass chart.
I’m sure you’ll link us to this and other uncredited (borrowed) charts when the market turns.
Don’t bother replying.
I have blocked you.

Mmm. what's the problem? Harapa has two visions of the game? I guess most of us have... Harapa (as anybody else) can be wrong even in both scenaries . I didn't track him to know how he manages mistakes, cause it's not important to me. I simply add one more vision or scenario and make my own evalution.

If you are a trapped bear (like me ), and can't manage the situation, don't pay it with other people... Simply close your bet, take some fresh air, and return to the playground later.

Look, though this is a quite serious game, it's needed to take some distance to play it. Otherwise, your heart and/or your brain couldn't resist it. Even better if you can add some humor...

If Al has an issue with something someone does...you know that there is something to it...he doesn't just call shit out for no reason...

Oohhhh...you have not known the mEaN Al.

[Daniel-David]

I'm about to give up on my SLV trade.

Still holding to original plan, slight variation. Moved sell stop up to just under recent day lows somewhere under 27.50 (lows vary with different data feeds, general area is concept).

If it continues lower to original Jarbo stop ca 27.30, stop and reverse with larger size position w a target ca 26.

[Daniel-David]

Today, SLV could not hold its 10day MA. But the metals can lurk and go sideways in consolidation, and then spurt up and out of congestion areas, so I am not anticipating the next move, but trying to stay with the original range breakout concepts.

[BullBear52x]

UNG is now cleared.

[KENA]

Wow!
Here goes the decency of the board! If moderator approves this kind of behavior on this board, than, I am out of here.

Harapa, Do NOT leave the board, Your work is FANTASTIC!!!

Pretty sure Al "Grumpy in Arizona" Dente was kidding......

I probably missed this since I have not read all the posts lately..SOOO what is the problen with Al and Harapa,I thought they were friends..Come on guys its unity that keeps everything going..IMHO

[jarbo456]

I'm about to give up on my SLV trade.

Anyone else have an opinion (I remember a couple of people took this trade with me). The short term reversal back to 29.40'ish looks in danger as every up move has been weak and overlapping.

My mid to long term set up, buy the dip, now I got positive histogram but RSI is not low enough <30 is where the shopping start on this time frame or a break out of base line of 28ish.

So that's a long way of saying you're buying with a break above 28 or with an RSI below 30 and a positive histogram?

in other words, you're not in the trade, so you're giving me a non-participant's opinion.

Thanks.

[TraderGirl]

Nice cover-your-ass chart.
I’m sure you’ll link us to this and other uncredited (borrowed) charts when the market turns.
Don’t bother replying.
I have blocked you.

Mmm. what's the problem? Harapa has two visions of the game? I guess most of us have... Harapa (as anybody else) can be wrong even in both scenaries . I didn't track him to know how he manages mistakes, cause it's not important to me. I simply add one more vision or scenario and make my own evalution.

If you are a trapped bear (like me ), and can't manage the situation, don't pay it with other people... Simply close your bet, take some fresh air, and return to the playground later.

Look, though this is a quite serious game, it's needed to take some distance to play it. Otherwise, your heart and/or your brain couldn't resist it. Even better if you can add some humor...

If Al has an issue with something someone does...you know that there is something to it...he doesn't just call shit out for no reason...

Oohhhh...you have not known the mEaN Al.

Oh yeah, I remember you guys going at it with each other or him going at it with you?? That's when I first showed up, so I don't know the back story, but I remember.....But all is good now...

[johnnywa]

It means: "We're never going down again!!!!"

never never ever down again ,we are going to wake up in 3 months filty rich on our spy calls

[Out of Bounds]

Nice cover-your-ass chart.
I’m sure you’ll link us to this and other uncredited (borrowed) charts when the market turns.
Don’t bother replying.
I have blocked you.

Mmm. what's the problem? Harapa has two visions of the game? I guess most of us have... Harapa (as anybody else) can be wrong even in both scenaries . I didn't track him to know how he manages mistakes, cause it's not important to me. I simply add one more vision or scenario and make my own evalution.

If you are a trapped bear (like me ), and can't manage the situation, don't pay it with other people... Simply close your bet, take some fresh air, and return to the playground later.

Look, though this is a quite serious game, it's needed to take some distance to play it. Otherwise, your heart and/or your brain couldn't resist it. Even better if you can add some humor...

If Al has an issue with something someone does...you know that there is something to it...he doesn't just call shit out for no reason...

Oohhhh...you have not known the mEaN Al.

One day I came outside and there was a brown paper bag on fire. i stomped it out and guess what was inside? Guess what got all over my shoes, pants, and porch? Huh? Spaghetti! Bastard.

[BullBear52x]

I'm about to give up on my SLV trade.

Anyone else have an opinion (I remember a couple of people took this trade with me). The short term reversal back to 29.40'ish looks in danger as every up move has been weak and overlapping.

My mid to long term set up, buy the dip, now I got positive histogram but RSI is not low enough <30 is where the shopping start on this time frame or a break out of base line of 28ish.

So that's a long way of saying you're buying with a break above 28 or with an RSI below 30 and a positive histogram?

in other words, you're not in the trade, so you're giving me a non-participant's opinion.

Thanks.

Time frame, time frame, is like GLD, here is the short term swing set up.

[Jupiter]

UNG is now cleared.

Nice chart BB... is UNG targeting 24? Thx.

[Cobra]

back to the morning high, key time. kind look like an ascending triangle, so the bias still is up.