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Charts from the Lunatic Fringe.

Discussion in 'PM Trading/Stocks/Technical Analysis' started by Zed, Oct 21, 2014.



  1. louky

    louky Silver Member Silver Miner

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    They did break bottom of the range as expected, just barely.


    [​IMG]

    See here what happened the last time

     
    Last edited: Feb 11, 2018
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  2. savvydon

    savvydon Gold Member Gold Chaser

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    Miners feel like they are due to correct back up soon. 2c
     
  3. louky

    louky Silver Member Silver Miner

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    Yes, i can't imagine anyone doesn't expect that after this devastating move that no one saw coming....


    20.89 on chart above

    [​IMG]
     
    Last edited: Feb 11, 2018
  4. louky

    louky Silver Member Silver Miner

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    Or this one


    expecting bouncy bounce now? no way.....

    [​IMG]
     
  5. louky

    louky Silver Member Silver Miner

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    what happened last time? In Jan 2016, GDX fell 18% in two weeks. It just dropped 16%+ in the last two weeks

    Many miners at 52 week lows, destruction.
     
    Last edited: Feb 11, 2018
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  6. jelly

    jelly Seeker Seeker

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    Definitely getting a bounce next week. Very sexy candlestick on GDX on Friday. Hard to get a more bullish action than this.... Reversal, bounce from $21 support area, oversold condition, very bullish candlestick, huge volume.
    GDX-2-11.png
     
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  7. louky

    louky Silver Member Silver Miner

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    Sell Tha Friggin' Rip lol

    [​IMG]
     
  8. Goldhedge

    Goldhedge Moderator Site Mgr Site Supporter

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    Screen Shot 2018-02-11 at 9.32.32 PM.png
     
  9. louky

    louky Silver Member Silver Miner

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    guess it ran into an invisible line

    [​IMG]
     
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  10. Goldhedge

    Goldhedge Moderator Site Mgr Site Supporter

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    A877A974-23AB-47ED-85FB-07965697040B.jpeg
     
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  11. louky

    louky Silver Member Silver Miner

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    Hasn't even cracked the short term down trend yet. Could be something if it busts through this oval, otherwise another fake out?

    [​IMG]
     
    Last edited: Feb 14, 2018 at 12:05 AM
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  12. louky

    louky Silver Member Silver Miner

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    Got smacked here. Doesn't pay to get too excited just because it's over a line. They like the fake out
     
  13. louky

    louky Silver Member Silver Miner

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    Think it's gonna run wild like a scalded cat without retesting this lower trendline? I wouldnt bet on it, but sure anything is possible

    [​IMG]
     
  14. louky

    louky Silver Member Silver Miner

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  15. louky

    louky Silver Member Silver Miner

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  16. louky

    louky Silver Member Silver Miner

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  17. louky

    louky Silver Member Silver Miner

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  18. louky

    louky Silver Member Silver Miner

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    Crude

    [​IMG]
     
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  19. jelly

    jelly Seeker Seeker

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    Consumer price rise, a sign of inflation, and gold falls off a cliff. Is this what you call a rigged market?
    Regardless, its rallying back fast.
     
    Last edited: Feb 14, 2018 at 8:30 AM
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  20. bemac

    bemac Midas Member Midas Member

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    I've been waiting 7 years for an "inflation" news headline.
     
  21. Goldhedge

    Goldhedge Moderator Site Mgr Site Supporter

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  22. jelly

    jelly Seeker Seeker

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    The big question, can GDX break above $23 on this rally, or does it reverse and head south of 21? There’s a lot of strength right now…
     
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  23. louky

    louky Silver Member Silver Miner

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    looks like a possibility of 24.50 now....nice move in goldies.

    Would love to see GDX break 25/26 by end of the week and 28 by end of FEB to put an end to this BS 1 year range

    Otherwise, color me skeptical
     
    Last edited: Feb 14, 2018 at 3:58 PM
  24. louky

    louky Silver Member Silver Miner

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    Read all about it lol
     
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  25. louky

    louky Silver Member Silver Miner

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    hit 1307? Funny how the rules/text only works better than charts lol

    [​IMG]
     
  26. louky

    louky Silver Member Silver Miner

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    Gold/TIP, is one lying?

    [​IMG]
     
  27. louky

    louky Silver Member Silver Miner

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    Didnt finish watching yet, but gary talking gold first half

     
  28. jelly

    jelly Seeker Seeker

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    If we can make it to $28 by end of month, I'll be in high cotton. Currently holding a large position in March GDX calls. Been loving this rally so far.

     
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  29. Goldhedge

    Goldhedge Moderator Site Mgr Site Supporter

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    Not sure what sign of inflation they use... prices are up all over in the food industry.

    Used to be 3 yrs ago I'd get a 27oz jar of almond butter at Costco for $5! Today $8.79!!
     
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  30. louky

    louky Silver Member Silver Miner

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    Gold is like 85% bullish sentiment headed into chinese market holiday, what could go wrong? Lol
     
  31. louky

    louky Silver Member Silver Miner

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  32. louky

    louky Silver Member Silver Miner

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  33. Goldhedge

    Goldhedge Moderator Site Mgr Site Supporter

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    What is in a yearly cycle low??
     
  34. louky

    louky Silver Member Silver Miner

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    Load the boat....low of the year i think, when there's blood in the streets and everyone's scared to buy
     
  35. louky

    louky Silver Member Silver Miner

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    posted this for fun in sept 2016. of course no one can predict the exact path. as stated then, the only point was if it feels like a low at that time you can buy and make money (or if it feels like a high, sell).






    as you can see below, if you bought/sold so far at the lows/highs, you've been banking with ugld or vehicle of choice.

    i wonder if the time frames suddenly change now after 1.5 years? have a look and compare where we are at now with feb/march/april 18 between the two.....





    [​IMG]
     
    Last edited: Feb 15, 2018 at 7:37 AM
  36. louky

    louky Silver Member Silver Miner

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    i still think gold will get creamed one more time (gary yearly cycle low + compare above from 1.5 years ago????), which will be huge buying opp
     
  37. louky

    louky Silver Member Silver Miner

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    Handy tool to memorize
     
  38. louky

    louky Silver Member Silver Miner

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    S&P 2500 or lower

    DO IT

    Lol
     
  39. louky

    louky Silver Member Silver Miner

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    [​IMG]


    Sell sell sell

    Gonna get tossed with the market, watch ;)
     
  40. louky

    louky Silver Member Silver Miner

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