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Official Short-term Investments Thread - Page 1622 - Beyond.ca - Car Forums
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Thread: Official Short-term Investments Thread

  1. #32421
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    I had averaged down on PONY a shit ton. I was way overweight in it, and decided to dump 3/4 of my position at 2.30 to get back to a 10% position size, even though a lot of me wanted to be a degenerate gambler and hold. Now I really wish I did it, even though I would have puked if it reversed and dumped under 2.00.

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    Quote Originally Posted by SilverRex View Post
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    GDX

    rising parallel channel? until it breaks down from this channel, I am still leaning towards an uber bullish count to the upside. we had a running flat which gave us wave (II) then wave 1 of 3 of 3 and now 2 of 3 of 3.

    alt count (orange) the top yesterday was part of a wave b of (II) and now c of (II) is underway targeting 23-23.5. From both scenario, the trend is still up. the only question is, do we get a steeper pull back or not.

    I want to lean towards the no answer because if gold/PM is to make a huge move up, usually (similar to 2016) it doesnt give you must chance to get in and this keeps the bullish momentum and count going for me anyways.

    looks like the orange count wave (c) down into the orange box is playing out with the US dollar looking for a higher high
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  3. #32423
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    Jnug has effectively corrected back into the 16s. adding another position in Jnug. maybe one more if I see the 15s. but that will be it.
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  4. #32424
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    Silver

    uber bullish count still if the low holds as a wave 2. So many different variation depends on how one counts the 5 waves up. orange is probable as the jump last week was wave b top. There is a 3rd scenario where the top last week completes wave 5 and metals has only started it's wave 1 or (A) down. Picking where to enter is probably the most difficult part.

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  5. #32425
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    Hive.to

    Not only did it fill the gap it also sold down under the typical 61% retracement and hit the 78%. For the time being, until it breaks the low at 2.56, I see this as a steep wave 2 correction. The jump today looks impulsive and so I want to believe the wave (2) correction is done and it is prime time.

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  6. #32426
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    wtf happened on the tsx today? Luckily only one of my stocks went down today, but literally everything else I watch was red, and big red.

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    Was anyone else's snap quotes f*cked on questrade this morn?
    Tap, Rack, BANG!

  8. #32428
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    Only sold ~30% of all my gold miners since high. Oh well. Risk you take holding. And now 1341 is gone. Gold to move lower it looks like.

    Edit: I'm trying to free up some cash for the next upcoming ETF: HMJR

    Essentially the GDXJ of MJ
    Last edited by Disoblige; 01-29-2018 at 11:47 PM.

  9. #32429
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    Quote Originally Posted by Disoblige View Post
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    Only sold ~30% of all my gold miners since high. Oh well. Risk you take holding. And now 1341 is gone. Gold to move lower it looks like.

    Edit: I'm trying to free up some cash for the next upcoming ETF: HMJR

    Essentially the GDXJ of MJ
    MJ is near a critical area. if it breaks the low on Jan 12, this opens up 30-50% down to the next trading zone. It would paint a very bearish tone. then again you have to watch it closely to see if the it is a false breakdown or not.

    Gold I see 5 waves off the low today, very encouraging, now correcting. confirmation if gold can take out 1352.37 to the upside it will surely bring the bulls back imo
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    Anyone have NAC? Its crushing while everything else is dipping(MJ stocks). I had it at .35 but sold at .69 a while back. Shoulda held on! (Says everyone ever.)

  11. #32431
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    im feeling some serious FOMO on amzn..waiting for a red day that just doesnt seem to happen

  12. #32432
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    All out miners since 1341 broke. I was super surprised it took it back in the morning but I set a stop and I'm glad I'm out. Mostly cash ready for next play.

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    gdx

    gdx has hit the orange box as wave C down is fully underway. depends if it is extending or not, downside could reach as far as 22.50, at this time I do not want to see gdx break or close below 22.50 to keep the very bullish count alive. Until then, we continue to view this as a good major wave (2) correction.

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  14. #32434
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    Gold

    yes gold has broken down from the rising channel. then again, if the sharp declining wedge breakout doesnt give it boost, I suspect the next low will be around 1330 merely creating a larger rising channel.

    with price unable to hold above 1344 does make it appear like it is a legitimate false breakout, however there are also weekly and monthly price action to content with so this week is certainly not over yet. if we do get a bounce off 1330, I will imagine we are setting up the right shoulder, so either we have a date with 1300 gold after all (something I was keen on waiting for until it actually broke out around the 1340 area). a much larger wave 2 then anticipated. Or we keep stepping it up in this larger rising channel and thereby gold needs to give us that push this week preferably above 1352

    Last edited by SilverRex; 01-30-2018 at 02:52 PM.
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  15. #32435
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    Quote Originally Posted by bspot View Post
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    I had averaged down on PONY a shit ton. I was way overweight in it, and decided to dump 3/4 of my position at 2.30 to get back to a 10% position size, even though a lot of me wanted to be a degenerate gambler and hold. Now I really wish I did it, even though I would have puked if it reversed and dumped under 2.00.
    Feeling better about being disciplined today. Made a buy when my quote was showing 2.17 (got a fill for 2.20 ) trying to play a potential backtest/shakeout scenario, and so far it looks good. The backtest lined up perfectly with a fib retracement which is why I rolled the dice before seeing a successful back test (it was a red daily candle when I bought):


  16. #32436
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    I hope this bloodbath is short lived and Trump says some good things tonight.

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    Hive

    with price breaking the previous low, now I have to recount this whole corrective mess. it is just that, corrective. Now I am seeing a 5 wave ending diagonal possibly can still hit a bit lower to the 2.4 area.



    - - - Updated - - -

    MJ shares so far was able to fend off from breaking the previous major low set on Jan 12. ACB also looks like it backtested a previous down neckline breakout. This is a very good risk/reward play as shares are jumping across the broad. A good entry with a stop below today's low would be a good play
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  18. #32438
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    gdx

    great action today in the miner, which suggest the possibility that wave (2) is finished. a new up cycle is beginning. would like to see it get back above the 50EMA over 23.9 and give us the 5th wave to be more confident., alt count suggest we could still see one more 5 waves lower still. However the action on gdxj looks different, I can count 5 waves down with an extended 5th wave so for now I am leaning towards the bottom being in.

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  19. #32439
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    MJ as a sector came close to breaking the major swing low set on Jan 12. if it breaks it would probably open 30-50% down to the previous trading range. However the action today looks impulsive off the low.

    looking at ACB as it is quite bullish, it got no where near the low on Jan 12 and backtested successfully so far it looks like all 3 wave actions so I am imagining it is in some sort of rising wedge with breakout to the upside once consolidation is done in a couple weeks more

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  20. #32440
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    get ready for some wild action FOMC in 7 minutes
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