Arik, I've been dumped in the slimy and cow paddy filled river Jordan (and I pray that it's been seven times). I stink up the place, but I'm still breathing -ggg-
Dubious T/A?, repeatable patterns in human behavior can be handicapped using waves, stochastics, summations, oscillators, chart patterns, etc. Though not an exact science, you can find Mark Twayne rhymes everywhere.
Here is something for wavers to chew on - it's knarly dude! A very evident five wave decline, with the 5th wave panic sell-off, and now we are in a tight trading range in one of GZ's tight coils and I'm looking at the upper channel line:http://www.the-privateer.com/chart/usgold.html
Gold mining stocks had a mini-panic selloff yesterday (on 60% of avg volume!), while gold remained in it's tight trading range - buying opp today???!!!!!?????
If we are truly in a wave 5 blow-off, I would think that the bull would not pause very long here and, would continue to ignore any bad news (that is why HWP bears watching) I would also think that the failure of the NDX to confirm new highs is significant and therefore my wave 4 - megaphone theory - remains on high alert!
I also think SOFT needs another leg down the size of wave 1 or 2 to complete the pattern. bwdik
Danger Will Robinson, this market is Lost in Space -ggggggg- (or am I)
bb
PS: Charley (Fowers to Aljarnoun) - explain please? : - )
It's hard to understand the oil prices??????
(eyeballing xal puts) |
