tag:blogger.com,1999:blog-7130708113832839690.post2697384140506227970..comments2023-10-29T02:04:09.499-07:00Comments on Smart Money Tracker: NEW POSTGaryhttp://www.blogger.com/profile/14556370683669428668noreply@blogger.comBlogger191125tag:blogger.com,1999:blog-7130708113832839690.post-81678467764078509042011-07-12T09:56:34.544-07:002011-07-12T09:56:34.544-07:00William,
That was not a D-wave in 09. That was jus...William,<br />That was not a D-wave in 09. That was just an intermediate degree correction.Garyhttps://www.blogger.com/profile/14556370683669428668noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-84722073125782042022011-07-12T09:53:20.335-07:002011-07-12T09:53:20.335-07:00Gary,
If I did happen to be right, you owe me 3 b...Gary,<br /><br />If I did happen to be right, you owe me 3 burritos and I want you to scale a cliff with me on your back while im eating them...ok?William Wallacehttps://www.blogger.com/profile/00404327612332368010noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-21170649128078277442011-07-12T09:52:01.162-07:002011-07-12T09:52:01.162-07:00Dont get me wrong, im not saying we are entering a...Dont get me wrong, im not saying we are entering a D-wave, im just telling you what I see on the weekly.William Wallacehttps://www.blogger.com/profile/00404327612332368010noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-46572760263528931322011-07-12T09:50:54.933-07:002011-07-12T09:50:54.933-07:00Gary,
Why do you say that????Gary,<br /><br />Why do you say that????William Wallacehttps://www.blogger.com/profile/00404327612332368010noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-30253934428744071962011-07-12T09:50:15.668-07:002011-07-12T09:50:15.668-07:00The high of 956.20 was basically the high to be br...The high of 956.20 was basically the high to be broken at around the same point in this pattern (1560 high) in the beginning of the last D-wave, that high was broken weeks later and then the hard drop.<br />So if this pattern plays out the same, we will break 1560 but not 1577 high before entering the D-wave.William Wallacehttps://www.blogger.com/profile/00404327612332368010noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-51531079637300401942011-07-12T09:43:29.880-07:002011-07-12T09:43:29.880-07:00William,
Are you under the impression that it is 2...William,<br />Are you under the impression that it is 2009 right now instead of 2011?Garyhttps://www.blogger.com/profile/14556370683669428668noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-33505002870210756702011-07-12T09:43:26.957-07:002011-07-12T09:43:26.957-07:00Gary,
Just ignore me...lolGary,<br /><br />Just ignore me...lolWilliam Wallacehttps://www.blogger.com/profile/00404327612332368010noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-6792344501643762962011-07-12T09:42:23.559-07:002011-07-12T09:42:23.559-07:00Gold stopping short of 1560 is just a technicality...Gold stopping short of 1560 is just a technicality, it shall fall.Aaronhttps://www.blogger.com/profile/05437108237927001130noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-33482123489724116882011-07-12T09:42:22.619-07:002011-07-12T09:42:22.619-07:00Harry,
If that happens then our stops will take us...Harry,<br />If that happens then our stops will take us out for a small loss.Garyhttps://www.blogger.com/profile/14556370683669428668noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-50852778720158283442011-07-12T09:41:04.258-07:002011-07-12T09:41:04.258-07:00Harry,
Im asking myself that question also.Harry,<br /><br />Im asking myself that question also.William Wallacehttps://www.blogger.com/profile/00404327612332368010noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-36893975769344115092011-07-12T09:39:17.676-07:002011-07-12T09:39:17.676-07:00Gary,
I hear you, but I have to disagree...lookin...Gary,<br /><br />I hear you, but I have to disagree...looking at a weekly the mid point consolditions of 06-07 dont look like the same patterns as what I am looking at right now. If we push higher than the 1559.30 high then this will change, but as of now the patterns are almost exact.William Wallacehttps://www.blogger.com/profile/00404327612332368010noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-5490214243661187612011-07-12T09:37:16.214-07:002011-07-12T09:37:16.214-07:00Gary, would you consider changing your trade trigg...Gary, would you consider changing your trade triggers if gold fails to crack $1560 again?<br /><br />If 7/1 was in fact the intermediate bottom, what is the significance of gold halting well short of the 150 DMA?Harryhttps://www.blogger.com/profile/13920411547210530366noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-64815960965592194212011-07-12T09:30:42.312-07:002011-07-12T09:30:42.312-07:00Or it looks very much like the midpoint consolidat...Or it looks very much like the midpoint consolidation in 06 and 07 before the final parabolic C-wave thrust.<br /><br />This is why I will don't base my trading decisions off of technical chart patterns. You are much more likely to get it right if you concentrate on cycles and sentiment first and then use technicals for entry points.<br /><br />Sure you will miss every once in a while. The fake out in 09 is an example. But those same tools allowed me to call the last three bottoms within a day or two of the final low.<br /><br />3 out of 4 is good enough for me.Garyhttps://www.blogger.com/profile/14556370683669428668noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-13806566425152298322011-07-12T09:29:30.146-07:002011-07-12T09:29:30.146-07:00basil, cycles deviate or are inherently deviant be...basil, cycles deviate or are inherently deviant because all of the analysis is based on regression to means or averages. On average, cycles are never correct, or they are seldom very precise. Cycles are especially suspect in terms of time frames or setting deadlines, or drop-dead-dates. In other words, what do you do after the world did not end when the cycle said it should? <br /><br />Fortunately however, eventually all of the mediocre results average up to hit the nail on the head sooner or later or at least every once in a while. This could be good for a couple of grand-slam, gold-swan events. On the flip side we hope to avoid too many old- fashioned, kick-in-the- teeth, black-swan event(s).<br /><br />In other words, ok the D-wave did not happen AGAIN when it was supposed to AGAIN. We are supposedly still in the same C-wave that has had us sitting on pins and needles for the last 7 months or so just because the lines on the paper say the gig is up on some perma-cycle. <br /><br />So, this leaves us just speculating. The trading or trader is key. Trading the markets is always deviant, so maybe the cycles really help the trader sometimes. The trader has to be good enough at just trading in the first place to keep up the cycles charade.<br /><br />So instead of cycles and sentiment, think of it as just trading, etc. For those of us that cannot trade successfully, anything that works is a present and gratefully appreciated. Singles, doubles triples, etc. We get impatient with foul balls, etc.<br /><br />60% trading skills<br /><br />30% cycles analysis/range trading/candlesticks, TA, etc., etc.<br /><br />10% sentiment--The sentiment really works, it is truly reliable, but it is a bit of a one trick pony. Bearish or bullish extremes occur outside of any TA-type measures.Poindexterhttps://www.blogger.com/profile/07730850851602767664noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-23352216296336281382011-07-12T09:27:14.105-07:002011-07-12T09:27:14.105-07:00Thanks guysThanks guysHaggertyhttps://www.blogger.com/profile/14823970032897380795noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-51959719895082717242011-07-12T09:26:31.168-07:002011-07-12T09:26:31.168-07:00Gary
sooooo , nightly report, March 2015??
I may ...Gary<br /><br />sooooo , nightly report, March 2015??<br />I may be living on an Island by then...hope they have internet :)ALEXhttps://www.blogger.com/profile/04085157354083302362noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-35916339699578890812011-07-12T09:26:17.349-07:002011-07-12T09:26:17.349-07:00Haggerty, the 5/1 high on the Aug gold contract wa...Haggerty, the 5/1 high on the Aug gold contract was 1577.7. We got to 1559.3 on 6/22 before the int decline began. I think the latter number is the one to watch for this week. The corresponding levels in GLD are 153.61 and 151.86, respectively.Harryhttps://www.blogger.com/profile/13920411547210530366noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-65153546209068061092011-07-12T09:23:49.203-07:002011-07-12T09:23:49.203-07:00This may sound crazy....but if you take a look at ...This may sound crazy....but if you take a look at a gold weekly chart, this pattern that we see since the May low looks exactly the same as it did off the lows before the last D-wave.William Wallacehttps://www.blogger.com/profile/00404327612332368010noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-55905184527751623782011-07-12T09:23:25.573-07:002011-07-12T09:23:25.573-07:00William,
I did notice that too. Before I heard o...William, <br /><br />I did notice that too. Before I heard of Gary last August, I used to always wait for Gold to pull back , on a weekly chart , to the 34sma.<br /><br />I would play the miners sooner, so I would have been trading the miners like i have since June.<br /><br /> But if I were waiting for GOLD, I would still be waiting.Click on chart to enlarge<br /><br />http://www.screencast.com/t/fijus36L7Pbb<br /><br />AND TRADERLADY<br /><br />Thank you for your comment above - You ALWAYS have something nice to say , cant beat that!ALEXhttps://www.blogger.com/profile/04085157354083302362noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-65093567039437447572011-07-12T09:16:39.749-07:002011-07-12T09:16:39.749-07:00Alex,
I'll answer your question after the bull...Alex,<br />I'll answer your question after the bull market is over :)<br /><br />What happened with this particular intermediate cycle isn't all that unusual. We saw something similar play out as the T-1 pattern consolidated in 06.Garyhttps://www.blogger.com/profile/14556370683669428668noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-69829945431969197142011-07-12T09:12:55.027-07:002011-07-12T09:12:55.027-07:00Haggerty,
The high was 1577Haggerty,<br /><br />The high was 1577William Wallacehttps://www.blogger.com/profile/00404327612332368010noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-50438287035229814712011-07-12T09:09:31.913-07:002011-07-12T09:09:31.913-07:00This was an interesting article on leverage from g...This was an interesting article on leverage from gold miners being less useful these days:<br />http://seekingalpha.com/article/278999-choosing-gold-over-gold-stocks<br /><br />Decided to dump my ABX when I saw how undervalued my speculative coal play, Prophecy Coal CVE:PCY had become and went with that.<br /><br />I guess DGP will be the gold play of choice for my small capital if there should be any pullback close to my paydays...samppa_nymanhttps://www.blogger.com/profile/14676884527833610054noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-65782397097585782011-07-12T09:05:11.048-07:002011-07-12T09:05:11.048-07:00Alex,
You see that in the previous C-waves, they ...Alex,<br /><br />You see that in the previous C-waves, they levitate off the averages pretty much straight through from beginning to end. This C-wave seemed to form its own pattern and obey the moving averages, up until this intermediate cycle.William Wallacehttps://www.blogger.com/profile/00404327612332368010noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-6142452294758903972011-07-12T09:01:59.567-07:002011-07-12T09:01:59.567-07:00What does gold need to hit to make a new high?What does gold need to hit to make a new high?Haggertyhttps://www.blogger.com/profile/14823970032897380795noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-58860637876280672582011-07-12T08:46:23.197-07:002011-07-12T08:46:23.197-07:00TZ,
I don't think you're chasing, I'm...TZ,<br /><br />I don't think you're chasing, I'm just pointing out a possible "pause point", it's been a nice run up already. I'm actually already far more invested at this point than i have been in past early IT cycles.Polyhttps://www.blogger.com/profile/01101104361466256156noreply@blogger.com