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Today has left a gap at 29.98 on SLV. I'd like to see it fill tomorrow or, this week at the latest, before heading higher.
Unless of course, it would gap up HUGE, then I wouldn't be so concerned.
We either stop at 1118, or it's down to 1048. And, I have a feeling it will be 1048, and it will happen to coincide with the 1st week of Oct., +- a couple of days.
Going down into Oct., fisrt week or so. Should be a playable bottom.... near 1040...?
45% in @ the close.
Note to self: A buyable rally @ 1173 SP500.
Hi Ray,
My scenario is based on a Money Flow T, ala Parker on Tery's site.
From a low to a top (mid point) we had 17 days. From the top to the next low (being 17 days) would be today.
Will be interesting to see what happens after today.
I believe today will mark the a point in time that represents a "low" in the price of silver. IOW, the low has been put in on Tues. or possibly today, and silver is poised to start another leg up.
I have a "low" for silver being in by Thursday (01-27-11).
I'm looking for that 114 gap to fill. It looks very promising at this point.
It's been a long train comin'.....
AGQ... watching the fib .618 tracement area = 117.30 ..... the ema 55 = 112.30... so... hopefully, that open gap @ 114.58 will soon fill. A big down day today and Thurs.. and that gap could easily be filled.
It likely won't be that easy... but it's not within reason that it couldn't happen.... I think silver and gold will follow the overall market trend over the next week or so.
Freefall Monday.... :>) Below 1173 on the SP500, and it could get real nasty... Still waiting on AGQ...
Waiting for the 114.58 gap to fill on the daily AGQ chart. Hoping it was going to fill today. Doesn't look like it. Maybe Monday.... anyhow, that's the trade I'm most interested in at this time.
Hope you had a nice Thanksgiving day.
df
That's my fear. Gap doesn't fill before going higher. Gold's a buy here, imo.
Tim,
Check out this blog: http://www.ttheory.com/
This guy is VERY good. I've followed him since Jan '09
df
Gold filled yesterday's gap. Still waiting on silver's...
I want back in AGQ. I'd like to see a steady rise, and not the big gap up.
df
Trend is up til early Dec, then a pullback for a few weeks to a month.
I'm waiting for today's gap to fill.
Sold AGQ @123.25 ... couldn't resist the big gap up today. I'll look to re-enter when today's gap gets filled.
Yep! Got AGQ @ 107.10
Geez, Brian Kelley of FM just said the SP500 is headed to 1675...
really? ... when... 2022...? ... whatever....
Watching SLV.. if the gap gets filled around 24.36, I'm going to enter a position in AGQ.
Sold UGL at 70.15... look to re-enter on a pullback. Would love to enter AGQ, but it's WAY overbought. Watching... :>)
Gold. :>)
UGL needs to take out 57.63 for a breakout.
Looks like gold's going for a breakout. And yes... I'm still holding UGL. :>)
Bought UGL this morning. :>)
Gold looks REAL tempting right here....!
I'm curious if anyone here is buying gold. I'm watching GLD and thinking of buying gold when GLD reaches the 50 day SMA.
If I buy, I'll probably buy UGL, the 2X long etf.
Breaking 1040, and the next "bottom" I have is 841 (SP500), before any type of meaningful rally (not one I'd play on the long side, though. I'd look to re-short after covering at 841. I'm using SPXU.)
Looks like we're in a W3 down that would stop at 841. Then a W4 (up) followed by a W5 down. Then a playable rally should follow.
Maybe this all plays out in accordance with Terry L's scenario concerning his projected low in December....?
As usual, just as I see it... fwiw...
Hope everyone is still doing fine. Keep being open minded...and good luck!
df
I would LOVE a move back to 1150 or so. I'm looking to go to bonds or cash for a month or so and a good place to go short til end of June/first of July.
Keep following Terry... lol!...
MSFT... mr softie going to fill a gap @ 26.72...:>) fwiw....
Over 87 as I type...
Sure, like everything else, nothing goes straight up.... but I bet 100 gets hit within the next 2 yrs... fwiw... :>)
86 a done deal... going to 100....:>)
Breakout on gold today... GLD....
Terry L.'s mid channel sits at 1164. watching.... may cover shorts there and go long.... waiting..... :>)
Looks like GLD broke through resistance today @ 114. That gap at 118 looks like a "shoe-in" to fill.
Not playing it, just watching...
Maybe this is the new Y2K...?...lol!
http://en.wikipedia.org/wiki/Katla
Another good one by Terry today. Tomorrow, he'll have an audio presentation with the daily update.
df
Nice, clear info from Terry this morning:
http://www.ttheoryfoundation.org/t-theory-calculations.html
Sometimes his posting are a little "fuzzy" to me, but today's info was more clear, imo. Worth a read. :>)
Thank ray, you did better than me. :>)
UD$ breaking out....? Here comes .86....!
df
Anyone know how one could short Austrailan real estate? I haven't been able to find an inverse etf.
That's a huge bubble that's gonna burst...!