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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: chartseer who wrote (65869)

11/15/2014 2:06:39 PM

From: Fintas

Respond to of 221998

I put up GOLD AKA POG could move to 1242 1260..then 1296-1348

The first is very probable.. The second will depend on how it attacks the first.

Here's the latest PRE METALS chart. I've put it up a few times off the 1137 to help others see that a rally was near and as I did presented some numbers.1188 to 1242 and above 1296-1348

Obviously if POG was due to rally so was NUGT to the UP and DUST to the down. TAKE NOTE BULLS.. that BP PREC can rally but at some point will pull back and that is when it will be detemined if the bottom is in.

BPPREC	11/14/2014	8.000	8.738	1.0	Bear Confirmed	O	Sell
PTPREC	11/14/2014	8.000	7.767	0.0	Bear Confirmed	O	Sell
RSPPREC	11/14/2014	8.000	7.767	0.0	Bear Confirmed	O	Sell
RSXPREC	11/14/2014	20.000	20.388	6.8	Bull Confirmed	X	Buy
30PREC	11/14/2014	2.000	5.825	3.9	Bear Confirmed	O	Sell
TWPREC	11/14/2014	20.000	20.388	13.6	Bull Alert	X	Sell
MOPREC	11/14/2014	54.000	54.369	14.6	Bull Confirmed	X	Buy
WDPREC	11/14/2014	-42.000	-41.110	26.2	N/A	X	Buy
ADPREC	11/14/2014	756.000	767.000	4.0	Negative (-)	O	Sell
Precious Metals Sector RS

As for SPY.

The more I look at the extension of some of the indicators re SPX.. The more I hear many suggest numbers 20% higher from where we are ..The more it begins to sound like the late 90's and I'm listening to Henry Blodget and others get ridiculous with numbers.

It would be akin to my saying.. YUP BAC going to 45 by the end of the year.. NOT

OR BAC going to 45 by the end of next year.. NOT..

Will BAC go to 45? ONE day maybe..I'm on record for 25- 35 is more likely and even that is not happening NEXT YEAR re the 35. I doubt it re 25 too. Since I'm expecting a retrace to the 11-13 to let me take Call leaps.. But if I miss that I'll not complain and that is the beauty of low cost basis core. I can pick my spot as to what I do or do not do..

I'm a long that tries to be REALISTIC.

Thanks for the input.

Fintas