Loading ...Junior PM Stocks – Bear Cycle Over
I’m sticking with Signor Fibonacci and have already backed up the truck to reload. Two starting data points – the Jan and Jun 2016 lows – both point to almost the exact same date for a cycle turn, which occurred last week.
To all you Elliott and Wolf wave traders or others (like last week) who want to whine about my “cheer-leading” or point out how Fibonacci (not me) is the tooth-fairy, or advise me on what to do with my $$$ because they are more correctly informed on the EXACT week the bottom will actually occur, I say – “switch to rocket science!”
Stock trading is hand grenades and horseshoes!
Abbondanza America!
It’s your cash dude, do what you want with it. I saw some people posting possible scenarios but maybe some anger management is in order? LOL
Fibonacci was a liar.
In fact they named the lie after him…..fibs.
No lie.
thank you for that interesting and meaningful tidbit, Tommy…
whatever you want to call the “mathematical sequence” known as “Fibonacci” – does not lie – it just “is” (sound: “mic dropping”).
He was in fact a serial liar.
He told them in groups of 1,3,5,8,13,31….ect.
uh, 31 is not a fib # Tommy…
“Tommy want wingy”!
Does Mommy like Tommy?
just wondering – when do you graduate to “Tom” or “Thomas”?
in 5, 8, or 13 years from now?
OK, time for one big group hug…
RTV
I think taking a stab at this juncture at bottom picking is worth a try for other reasons that I have recently stated in previous posts…I highly respect Fib analysis–don’t know much about it–but do know it is widely used–and even big time traders include it in their decision making. I love your comment=
Stock trading is hand grenades and horseshoes!
To repeat: last December16-Jan17 most traders were like deer in headlights causa all the scary charts and predictions of 680–800-900-etc gold. We see the same currently-I am looking to pick up 20-30K shares of JNUG–soon…
Might I suggest this week.
The yearly cycles in recent years have either been 377 calendar days apart or 390 (377+13) calendar days apart.
If they are 377 days apart then the breakout generally occurs 13 days thereafter.
If 15 Dec was the YCL then the likely breakout will be 28 Dec
Alternatively we will find a new low or “double bottom” on the 28 Dec
Sentiment is trashed at the moment yet gold remains in monthly up-trend!
Most miners are in an exceptionally good position with low debt, low production costs, profitable, good resources, good management etc and are primed for a considerable re-bound based on fundamentals alone.
A logical place to look for a daily cycle high (DCH) would be around 21 Jan with a daily cycle low (DCL) the end of Jan befor moving into a strong second daily cycle.