Loading ...I Can’t Be The Only One To See It
I have to believe that with all the good technicians and chartists out there, I am not the only one seeing the incredible set-up in front of us. Regardless if you are a raging bull here, as I am, or you have been bearish and are looking for an oversold bounce, as some have posted, the charts are screaming that the miners are going higher starting either today, more likely tomorrow or no later than Tuesday. I place 25% likelihood for today or Tuesday and 50% for tomorrow. Look at the charts of almost any gold, silver, ETF and or index and you see numerous inverse H&S patterns, lots of symmetry and counts that lead me to this conclusion. While we can debate in the days and weeks to come how long and how high this move goes, it is crystal clear a sizeable upside move begins imminently.PS: I am stressing the actual charts and trading action for this conclusion so spare me any system people who are going to say the economy or some cycle or wave count or other theory says it is too early or too late for a bullish move at this time. I am not interested in people’s long term calls or theories here, just look at what the charts are saying for the next few days, weeks, possibly months.
Love your conviction CM
🙂
Thanks FGC. Look at the charts of any of your favorite miners, what do they show?
Rambus Short term charts ( daily) are bullish enough for him to have taken long positions this week
Thanks for revealing that. Proves my point. Someone as objective and methodical as he,(regardless of our differing opinions of bull or bear market) can see the charts and technicals and confirms what I am saying. Good to know.
https://www.youtube.com/watch?v=ohHJ8pyKofw 8 seconds
“I am stressing the actual charts and trading action for this conclusion so spare me any system people who are going to say the economy or some cycle or wave count or other theory says it is too early or too late for a bullish move at this time. I am not interested in people’s long term calls or theories here, just look at what the charts are saying for the next few days, weeks, possibly months.”
To me that’s an invitation I can’t refuse.
In our last exchange, you said you were an intermediate to long term TRADER. Yet you declined to clarify what you meant by that, after I pointed out that these terms can be ambiguous. Then you defended your last call by noting how how called the short term move well.
So I have to ask, are you calling for an intermediate or long term LOW? Or are you trading short term? If you ARE calling for an intermediate or long term low, what kind of drawdown are you will to tolerate if prices move lower, against your expectations?
And for the record, my “system” is based on charts and price action. Its not theory. And so its focused on identifying bullish intermediate to LT moves off price (and volume). But apparently, we read these charts altogether differently. As I said the last time, lets just see how it works out, right?
Why do you continue to believe everyone has to trade/invest the way you do? I stand by what I said and it doesn’t have anything to do with how I trade or don’t trade (and I don’t owe you or anyone else any explanation regarding it) The charts and technicals say we are going higher from here. The charts and technicals (over the coming days and weeks) will tell us for how long and to what degree. When you aren’t married to systems or theories you let the market tell you what to do. I stated early on in my post I am raging bullish which means I believe this is the breakout from the one year correction/consolidation in the gold and silver bull market. It may or may not prove to be the case but for now we are going higher.