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Re: dabonenose post# 244

Thursday, 01/23/2014 4:27:54 PM

Thursday, January 23, 2014 4:27:54 PM

Post# of 5650
oh, ok, sorry bout that, I mistook your comment as being sarcastic. my mistake. I should read it again and , thanks for your follow up here.
Yes, I can see a bullish wave trend regaining GDX at 30 area. but right now, it still looks like a bear trending wave going down doesn't it? and it looks to me , with all the basic indicators like the 50, and 200 moving averages, the Fib levels, I don't just look at Elliott wave, I use a good bunch of tools to get what picture I think I see. , anyway, the resistance zone now in the current wave structure , doesn't it look like the 23/24/25 area as the place where IF there would be the next short attack in this bearish wave....this is where is 'should' begin? is all I'm looking at right now.

I think most experts in metals and miners, like GATA, and various people who watch the miners and see all the fundamentals , concluded a long time ago that this sector,miners and metals, was being grossly manipulated.
Most everybody says that now. I started seeing a few experts saying it 5 years ago, and I started seeing it 4 years ago.
So If that is the case, and is the main reason why miners charts look like they do, why the miners and metals have gone plunging down , especially since the major operation in April 2013,

then I have to presume this operation is Still Ongoing. and will continue, until something shows or prves that it has ended. until that happens, then the ongoing downtrend remains in play, and I think the next short attack zone has to be around this area for GDX (23-25) with the intention to try and take it back down as low as possible all over again. Like what happened from August top to December bottom(back to the june bottom) all over again.

IF the manipulators , have created this chart patten, why would they not Maintain the correct appearance of it. That all means the next reversal zone is now. or soon. or else theres some other tricky pattern being created, which is yet to be seen in the chart.

whethe GDX reverses back down at 25 or 24.50 or 24 or 25.75 , or whatever tricky price point surprizes the most suckers, remains to be seen. All I can see is what the charts show me.

I appreciate any other good vision from others as well.
good trading to you.