Decided to pick up 600 Jung shares to join the fun.
We'll see if this anxious feeling ever leaves ha ha.
Decided to pick up 600 Jung shares to join the fun.
We'll see if this anxious feeling ever leaves ha ha.
Last edited by BavarianBeast; 08-24-2016 at 11:25 AM.
Nice edit.Originally posted by BavarianBeast
Decided to pick up 600 Jung shares to join the fun.
We'll see if this anxious feeling ever leaves ha ha.
I was just about to call BS on your initial post
I hope everyone did heed my original suggestion and remain as flexible as possible for days like this week.
I think this is max pain in my own opinion, and even I too will get rattled if miners were to drop another 10%
but lets get back to some basics. I am sure BavarianBeast will love this chart.
forget about numbering all the high level counts. just based on wave counts 1-5 in the lower swings the mining complex seems to love testing the previous wave iv low (and most times even breaking below it)
this is often a typical wave 'c' pattern. So I have spotted 4 here. will this time be any different? I Hope not. because if it does not bottom this week, then I fear we have more pain ahead.
market needs to to make a reversal this week
Last edited by SilverRex; 08-24-2016 at 12:02 PM.
_________
2019 IS350 AWD
20xx NX350 AWD
Why buy today vs. tomorrow?Originally posted by BavarianBeast
Decided to pick up 600 Jung shares to join the fun.
We'll see if this anxious feeling ever leaves ha ha.
Are you anticipating the split to be a positive factor?
Looks like it's going to be going down all the way to close.
Well, now I'm fairly loaded to the tits in JNUG and USLV. This is rather scary. I feel like I should go away for a few weeks and not look and try forget about what just happened.
Lol burtal. Bloody hell. I just bought into kinross on american side. 9 percent day in the red. Fucking it should bounce back. Still holding yri and k.... and it aint looking pretty.
Double post
forget retesting the bottom this week, it's gonna fcuking do it this hour lol
Haha good thing I didn't have the money to buy 6000 shares. I am only hoping to hold a week or two.
Reason I bough today is that I have data reception and likely won't tomorrow. Looks like it was a bad time.
I don think I'll be able to check the price again until next Wednesday. Here's to hoping!Originally posted by bspot
Well, now I'm fairly loaded to the tits in JNUG and USLV. This is rather scary. I feel like I should go away for a few weeks and not look and try forget about what just happened.
LABD holy fuck what happened haha. Didn't think XBI would do that so quickly.
This was my all time biggest single day losses. Just insane.
Let someone talk me out of LABD and into LABU. Was looking like I owed them a thank you this morning.. lol.
XBI better make another run at 65 or I'm toast there too.
Might as well pave the streets with gold now that it's FREEEEEEEE.
We need Yellen to throw us a parachute on Friday... damn.Originally posted by SilverRex
[B]I hope everyone did heed my original suggestion and remain as flexible as possible for days like this week.
I think this is max pain in my own opinion, and even I too will get rattled if miners were to drop another 10%
but lets get back to some basics. I am sure BavarianBeast will love this chart.
forget about numbering all the high level counts. just based on wave counts 1-5 in the lower swings the mining complex seems to love testing the previous wave iv low (and most times even breaking below it)
this is often a typical wave 'c' pattern. So I have spotted 4 here. will this time be any different? I Hope not. because if it does not bottom this week, then I fear we have more pain ahead.
market needs to to make a reversal this week
Well looking at this makes me glad I am only taking L's on BTE.
I also sold UGAZ last week for even and got rid of LABU.... shoulda listened to my instincts!! fack!
At least im not in JNUG.. or maybe i will be soon..
Da phak happened to labu? That shit went from an up day like i m gonna be dining at the keg to eatting mr. Noddles in a matter of a few hours.
Grandma said no, that's what.Originally posted by Meback
Da phak happened to labu? That shit went from an up day like i m gonna be dining at the keg to eatting mr. Noddles in a matter of a few hours.
lets look at oil this morning first.
the wave iv correction is moving along nicely. while it has certainly corrected in time, now we need confirmation that it has ended. with a a bit of positive divergence developing, we are getting close. price is testing the 200 day moving average which was the minimum I was looking for, however with tomorrow's big Yellen speech it could push markets in both directions. the Ideal scenario is to see price breakdown and test the 45 area first.
technically the bottom of wave iv may be in, if oil can close and sustain above the 50 day moving average and trendline break above 47.10
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2019 IS350 AWD
20xx NX350 AWD
finally gold. hope every remained liquid thru this correction as that would have been the best strategy. this morning gold appears ready to finally hit the 1320 area I was waiting for, the only surprise was the sell off in miners. That was unfounded and could simply a panic driven profit taking event that turned into a snowball. Yesterday I read the miners were at the top of the BoW (buy on weakness list) and the volume was massive, given the massive volume, a good bounce is coming so be patient.
Gold has also reached oversold, more than ready to turn up. so we will see if Yellen tomorrow can be the catalyst to drive this sector once again.
silver is also in a very good buy zone. the current big support is 18.30 before EW counts become an issue. so 18.30-18.50 area is extremely a good place to try and pick a bottom. I may be tempted to open a position in USLV here.
_________
2019 IS350 AWD
20xx NX350 AWD
Sold ABX on open, going to convert to JNUG at some point soon.
Still holding YRI that I bought yesterday.
Also hoping for the Yellen parachute!
edit: I bought JNUG about 2 min after I posted this. Here's hoping gold bounces.
Last edited by bjstare; 08-25-2016 at 07:48 AM.