tag:blogger.com,1999:blog-7130708113832839690.post1320557566826931234..comments2023-10-29T02:04:09.499-07:00Comments on Smart Money Tracker: CORRECTION SET TO GAP DOWN TO SUPPORTGaryhttp://www.blogger.com/profile/14556370683669428668noreply@blogger.comBlogger135125tag:blogger.com,1999:blog-7130708113832839690.post-77797020166439950342010-11-16T13:47:28.455-08:002010-11-16T13:47:28.455-08:00Here's some levels Prof Depew on Minyanville p...Here's some levels Prof Depew on Minyanville published about the dollar today:<br />Demark DAILY - on a sell set up bar 7 of 9 total. Need a high greater than today's 79.46 tomorrow or Thursday to perfect. After that, we can expect a 1-4 day downside reaction (Friday to next Wednesday)<br />Demark WEEKLY - on week 2 of a 1-4 week buy setup. When combined with the DAILY above, the dollar probably won't roll over immediately and will be surprisingly resilient during this period. This should hold until the beginning of December. <br />Demark MONTHLY - still looking for that 72.5 level to register a MONTHLY buy, good for 12 months after it is registered.<br />Demark QUARTERLY - BUY signal registers this quarter as 76.65 level was exceeded. This signal is good for 12 quarters (3 years) starting in January.<br />So, with the dollar currently around 79, Demarkians..hehe.. are looking for about a 10% drop from these levels to get rid of that monthly exhaustion at 72.5. In other words, a "collapse". <br />To me, this corresponds with Gary's next D wave, and it might be a doozy!coolkevshttps://www.blogger.com/profile/13728392148821735419noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-48322781898141572882010-11-16T09:53:26.774-08:002010-11-16T09:53:26.774-08:00UUP tag 23...UUP tag 23...oa92000https://www.blogger.com/profile/10424050777432171060noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-23198189885151835922010-11-16T09:42:10.161-08:002010-11-16T09:42:10.161-08:00GLD touch 50 ma, SLV touch 20 maGLD touch 50 ma, SLV touch 20 maoa92000https://www.blogger.com/profile/10424050777432171060noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-62393724483887472302010-11-16T09:29:57.443-08:002010-11-16T09:29:57.443-08:00NEW POSTNEW POSTDanielhttps://www.blogger.com/profile/10940888740944629300noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-62521788158187633972010-11-16T09:26:51.990-08:002010-11-16T09:26:51.990-08:00dollar is ripping today.
It will be interesting t...dollar is ripping today.<br /><br />It will be interesting to see whether the downtrend line from the early June high will serve as resistance and stop the advance here. That line crosses 79.60 (on the December futures) which is close to Gary's line in the sand of 80.<br /><br />Also, the dollar has been in an uptrending channel since the November 4 low. --IF-- the dollar were to rally all the way to the top of that channel, it would top out 79.85 by end of day today (but this would blow right thru downsloping TL I mentioned above.)<br /><br />Both of these targets are likely areas of at least short term reversal. If the dollar eventually breaks thru both, then we would have a whole new ballgame. I'm glad Gary's confident that that's not likely to happen!pimaCanyonhttps://www.blogger.com/profile/09477196225992507658noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-12040510753221253542010-11-16T09:20:50.165-08:002010-11-16T09:20:50.165-08:00Is that an intraday alert?Is that an intraday alert?Gold Erahttps://www.blogger.com/profile/02646190072963124307noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-41378635927537059072010-11-16T09:19:45.558-08:002010-11-16T09:19:45.558-08:00i bought silver at 25, there was not much stop run...i bought silver at 25, there was not much stop runningRazvanhttps://www.blogger.com/profile/05358088748230429986noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-60269850791480481642010-11-16T09:19:25.188-08:002010-11-16T09:19:25.188-08:00someone is buying stocks in my old turkey account,...someone is buying stocks in my old turkey account, because it is rising from the ashes....not to mention..<br /><br />VGZ ---even just went positive!!ALEXhttps://www.blogger.com/profile/04085157354083302362noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-1594338001196919332010-11-16T09:18:55.324-08:002010-11-16T09:18:55.324-08:00Caveat: Gary has said the ONLY stock/etf on the Bo...Caveat: Gary has said the ONLY stock/etf on the BoW or SoS list that has any meaning for predictive value is SPY.<br /><br />That said, the BoW number on GLD today is very large! 71 million so far and the day is not over yet.<br /><br />I noticed -60 million on the SoS list at the recent gold top which is why I'm monitoring it today.<br /><br />And yes, I'm planning to research prior turning points in gold and see whether there's any correlation with GLD showing up on BoW/SoS lists at those turning points. I'll post my results, but this will likely not happen till Thanksgiving weekend.pimaCanyonhttps://www.blogger.com/profile/09477196225992507658noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-52078169918164496302010-11-16T09:17:19.264-08:002010-11-16T09:17:19.264-08:00"Gold tagged the 50 DMA and has bounced. One ..."Gold tagged the 50 DMA and has bounced. One could take a stab at a bottom here while keeping stops at $1315 in place."<br /><br />i bot some GDXJ, still set limit order 106 for AGQoa92000https://www.blogger.com/profile/10424050777432171060noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-34220096793959432912010-11-16T09:17:04.055-08:002010-11-16T09:17:04.055-08:00Extreme panic tick readings that are starting to r...Extreme panic tick readings that are starting to reverse. Oh what the heck I'm going to add back my SLW here with gold tagging the 50 DMA.Garyhttps://www.blogger.com/profile/14556370683669428668noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-46579276455270406112010-11-16T09:07:49.946-08:002010-11-16T09:07:49.946-08:00NYSE Down Volume--
2,133,302,706 (92%)NYSE Down Volume--<br /><br />2,133,302,706 (92%)Danielhttps://www.blogger.com/profile/10940888740944629300noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-69836703248432331262010-11-16T09:07:38.255-08:002010-11-16T09:07:38.255-08:00Gold tagged the 50 DMA and has bounced. One could ...Gold tagged the 50 DMA and has bounced. One could take a stab at a bottom here while keeping stops at $1315 in place.Garyhttps://www.blogger.com/profile/14556370683669428668noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-26124630434219817912010-11-16T09:05:28.605-08:002010-11-16T09:05:28.605-08:00Oversold = 30 or lower.Oversold = 30 or lower.Garyhttps://www.blogger.com/profile/14556370683669428668noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-56530268377824862012010-11-16T09:05:14.128-08:002010-11-16T09:05:14.128-08:00Gary, unless we're already on the D-Wave path,...Gary, unless we're already on the D-Wave path, that wouldn't be pretty to say the least. :)Polyhttps://www.blogger.com/profile/01101104361466256156noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-32755414695262737292010-11-16T09:04:00.813-08:002010-11-16T09:04:00.813-08:00I bet gold didn't hit intermediate top as gold...I bet gold didn't hit intermediate top as gold never top like this but usually by a stretched cycle with sharp top. If recent days' action is to shake out from weak hands, I think gold will reserse quickly and no chance we can get on board.Gold Erahttps://www.blogger.com/profile/02646190072963124307noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-68873661646778677502010-11-16T09:03:38.539-08:002010-11-16T09:03:38.539-08:00FWIW--
I agree with Gary.
The fundamentals (FED) (...FWIW--<br />I agree with Gary.<br />The fundamentals (FED) (global money printing) on his side. I believe the amount of stimulus is pushing these big moves in both directions.Danielhttps://www.blogger.com/profile/10940888740944629300noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-52126792900350989052010-11-16T09:03:00.999-08:002010-11-16T09:03:00.999-08:00Gary,
"If the S&P can end the day here it...Gary,<br />"If the S&P can end the day here it will trigger a Bollinger band crash trade and push the 5 day RSI into oversold territory."<br /><br />what is your definition number for "5 day RSI oversold"?oa92000https://www.blogger.com/profile/10424050777432171060noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-62292738838681560842010-11-16T09:00:50.672-08:002010-11-16T09:00:50.672-08:00TZ,
And if I'm wrong we have a plan in place t...TZ,<br />And if I'm wrong we have a plan in place to keep us from riding an intermediate correction :)Garyhttps://www.blogger.com/profile/14556370683669428668noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-90852757869539153452010-11-16T09:00:43.903-08:002010-11-16T09:00:43.903-08:00TZ--
Interesting times IndeedTZ--<br />Interesting times IndeedDanielhttps://www.blogger.com/profile/10940888740944629300noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-73098529614246461402010-11-16T08:59:28.150-08:002010-11-16T08:59:28.150-08:00GARY,
I note that this is now currently the first...GARY,<br /><br />I note that this is now currently the first *real test* of your market calls since I have been a subscriber at the 1166 low.<br /><br />It's gonna be interesting<br />:-)<br />Especially since we got theDOC taking sides too.<br /><br />NOTE: None of this is said to indicate this is easy or that my record of late is better. It's not. I just like the current state of this showdown :-)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-61818551956764704282010-11-16T08:59:20.763-08:002010-11-16T08:59:20.763-08:00Really? Can I get a look at that crystal ball :)Really? Can I get a look at that crystal ball :)Garyhttps://www.blogger.com/profile/14556370683669428668noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-24716854212331247572010-11-16T08:56:35.635-08:002010-11-16T08:56:35.635-08:00I see Gold going down at least to 1290 in the next...I see Gold going down at least to 1290 in the next few days.David Kafrickhttps://www.blogger.com/profile/08940401657114163024noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-31716710405362370062010-11-16T08:55:02.526-08:002010-11-16T08:55:02.526-08:00I bet there are a lot of highly leveraged players ...I bet there are a lot of highly leveraged players getting blown out of the water on this decline. I can only imagine how many out there got too emotional and giddy and chased silver up on leverage. Just based on the leverage chatter we saw here it was getting overheated, eh? <br /><br />Get them out of the way and we can form a bottom. Question is, where...?Onlookerhttps://www.blogger.com/profile/07742157936955263465noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-71035886639826088212010-11-16T08:55:00.234-08:002010-11-16T08:55:00.234-08:00Well, I was tempted by lower prices the other day ...Well, I was tempted by lower prices the other day and Gary cooled me off. I'm starting to get tempted again.<br /><br />Hard to wait for swings. I always want to jump in front of the bus.Joshhttps://www.blogger.com/profile/08979510124090143968noreply@blogger.com