Loading ...GDXJ and GDX: If up, how far? Why not here?
Here is where I think we may be going up to. Nice work Mark. Nice work Surf City and Norvast.
I couldn’t stand being away from the Rambus Forum!!! It’s good to see so many of you from Rambus posting here.
Both these targets take us up to early June prices. They’re kind of “hidden s/r rails” which most aren’t seeing.
These could be the giant inverse left shoulders forming before the head forms after the next dive down. This will screw everyone up….
Chuck…great to see you here
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Thanks Sir Fully.
Your targets align well with my thinking too Chuck. Nice charts.
http://charts.dacharts.net/2015-10-03/d1114.png
chuck here is your line drawn on gdxj using exact points.. arrows shows where i placed the points, what most interesting is i cloned the line to where it bottomed..almost perfect parallel channel … i think it gives more validation to the neckline possibility.
http://charts.dacharts.net/2015-10-03/d1116.png
gdx neckline using the first two points at the beginning .. .. also note how the line has worked in past off a clone slope.. there also areas up above with the channel where the line works but was afraid of getting the chart to cluttered… anyway.. good to see you posting.. be glad when they get the main form up and running….
Good to see you posting too even with your big ole charts!! Haha.
Crazy how parallel those s/r rails are. Thanks for pointing that out! Nice charts.
http://charts.dacharts.net/2015-10-03/d1118.png
chuck.. may want to watch for this.. have no idea if it plays out this way, im still concerned with a chop trade scenario.. gold has not broken resistance yet.. though based on daily candle i would say it still has more upside.. but its still contained within my 4 hour downslope.. and actually retracted from there on friday.. not saying it wont go higher.. but wonder about a chop zone trade where everyone buys the breakout.. and then backdown..
http://charts.dacharts.net/2015-10-03/d1122.png
chuck.. not a popular scenario in most as now everyone bullish.. but if you really look at this… darn i dont know which way this thing will head… on shorter term gdxj sill looks like head and shoulder patttern.. maybe it break outs.. on my gc 240 gold…. right up to resistance.. i just cant go long or short here… anyway.. always enjoyed running things bye you… i can see though how this has more upside based on momentum…. but wonder how much this has left.. also.. if it goes all the way up line mark is saying.. which it could… does not visually play out with the bottoming scenario i was envisioning. but maybe this is it .. who knows.
I think we still see 890. I think this run up could be the major inverse left shoulder.
Shall see.
chuck..im also posting here as im sort of in the conspiracy column… i would rather post to someone i know than out n public…. i know you .. but dont know others…. i dont know .. posting under your column just seemed best for now.. i know its still public…but seems more where somewhere might have to look for it… im sort of disapointed that the main forum is not back onlne