tag:blogger.com,1999:blog-7130708113832839690.post5365769402898591723..comments2023-10-29T02:04:09.499-07:00Comments on Smart Money Tracker: STOPS UPDATEDGaryhttp://www.blogger.com/profile/14556370683669428668noreply@blogger.comBlogger385125tag:blogger.com,1999:blog-7130708113832839690.post-70142190879469906072011-07-28T18:59:20.592-07:002011-07-28T18:59:20.592-07:00The bull will correct all timing mistakes but it d...The bull will correct all timing mistakes but it doesn't always necessarily correct them quickly.Garyhttps://www.blogger.com/profile/14556370683669428668noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-28198126307383639932011-07-28T18:57:04.748-07:002011-07-28T18:57:04.748-07:00I guess anyone that bought miners late, thinking t...I guess anyone that bought miners late, thinking the bull would correct timing mistakes is getting screwed.whitebearhttps://www.blogger.com/profile/02784624257978615324noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-11196369997069464852011-07-28T17:35:50.861-07:002011-07-28T17:35:50.861-07:00crrraaappp i dont like talking about parabolic c ...crrraaappp i dont like talking about parabolic c wave and a d wave in the same night . sigh<br /> o wait lets throw in a sidways move like over the winter so all my shit can expire and we did not go anyware. <br /> i did roll my puts up and locked in a little profitJEFFtheFLEAhttps://www.blogger.com/profile/08858365650846884513noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-3615422745559113502011-07-28T17:35:20.544-07:002011-07-28T17:35:20.544-07:00Shalom, you crack me up.
Gary, what about the dol...Shalom, you crack me up.<br /><br />Gary, what about the dollar simply testing the underside of the upward sloping trendline (from May) it violated 5 days ago? That would fit with gold resilience. Of course the market would have to rocket upward very soon to let miners escape your latest scenario... pins and needles, no?LowTaxhttps://www.blogger.com/profile/01099351857921241386noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-39166735203002727702011-07-28T17:33:15.295-07:002011-07-28T17:33:15.295-07:00NEW POSTNEW POSTGaryhttps://www.blogger.com/profile/14556370683669428668noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-31901083550700185522011-07-28T17:23:33.571-07:002011-07-28T17:23:33.571-07:00Do I hear a D-wave? :)Do I hear a D-wave? :)Shalom Bernankehttps://www.blogger.com/profile/16590351870092138098noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-66578126503085783542011-07-28T17:13:30.395-07:002011-07-28T17:13:30.395-07:00Thanks Gary,
I hope we get confimation of a U...Thanks Gary,<br /> I hope we get confimation of a US$ DCL and subsequent violation, as I was looking forward to 1750 goldRussellhttps://www.blogger.com/profile/08300146368900125257noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-78015281231652454712011-07-28T17:13:25.554-07:002011-07-28T17:13:25.554-07:00I see. Not unpossible. And that will send S&P ...I see. Not unpossible. And that will send S&P to its 200 DMA. Then we'll have our QE3. Right on time after the bankers return from their summer vacations :)Ivan Ghttps://www.blogger.com/profile/15607548028015226555noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-63620691091931185852011-07-28T17:05:27.332-07:002011-07-28T17:05:27.332-07:00Russell,
First we would have to have confirmation ...Russell,<br />First we would have to have confirmation that we just put in a daily cycle low. If that Lo gets violated then the odds are good that this intermediate cycle will break below the May bottom.<br /><br />Ivan,<br />Expand your chart to about three years and you will see the head and shoulders pattern that I'm talking about.Garyhttps://www.blogger.com/profile/14556370683669428668noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-77036328852896099512011-07-28T17:00:51.989-07:002011-07-28T17:00:51.989-07:00Gary,
is it reverse H&S? I was looking at it ...Gary,<br /><br />is it reverse H&S? I was looking at it today also but we did not have such a big down move to proceed it. Or we don't need one?Ivan Ghttps://www.blogger.com/profile/15607548028015226555noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-58252009473946713512011-07-28T16:58:56.526-07:002011-07-28T16:58:56.526-07:00If today was day 1 of the dollars daily cycle, wou...If today was day 1 of the dollars daily cycle, would a close below 73.7 on the USdx be enough to think the dollar would favor a continued move in gold?Russellhttps://www.blogger.com/profile/08300146368900125257noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-25898000977826301222011-07-28T16:48:18.683-07:002011-07-28T16:48:18.683-07:00One thing that makes me nervous is the potential h...One thing that makes me nervous is the potential huge head & shoulders pattern forming in mining stocks. <br /><br />There is the possibility that gold is in a stretched intermediate cycle instead of a new intermediate cycle. <br /><br />Sentiment is suggesting that could be true.<br /><br />I think we need to see the dollar break the May low before we can be completely confident this is a parabolic final move.Garyhttps://www.blogger.com/profile/14556370683669428668noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-48749499970727456542011-07-28T16:45:35.716-07:002011-07-28T16:45:35.716-07:00Pardon me Gary, I meant Right TranslatedPardon me Gary, I meant Right TranslatedRussellhttps://www.blogger.com/profile/08300146368900125257noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-21168481194610157642011-07-28T16:44:34.782-07:002011-07-28T16:44:34.782-07:00Gary,
Is there anything that you see that make...Gary,<br /> Is there anything that you see that makes you cautious about the setup we're in with Gold ie week 3 of a typically 24 week Intermediate cycle that you expect to be left translated?<br /> In other words is further rise in gold dependent on a falling dollar, Fed action,or Euro breakdown?Russellhttps://www.blogger.com/profile/08300146368900125257noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-71793341924734919462011-07-28T16:31:40.558-07:002011-07-28T16:31:40.558-07:00at ease
If I understand the bb crash trade, the t...at ease<br /><br />If I understand the bb crash trade, the theory is if something gets stretched quickly below the lower bollinger band it could pop back up over the next 15 days and make for a short term profitable trade. (If I am mistaken, then someone correct me.) Gary lays out the rules of the trade in the premium section. However, it is not without risk. There is always the chance of further downside. So if one took the trade he would be counting on the miners popping back up. For myself, I don't have enough confidence of it working out and don't want to give my emotions a roller coaster ride to find out at this time.funmikehttps://www.blogger.com/profile/03050385591351361228noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-18022922846846762392011-07-28T16:14:56.468-07:002011-07-28T16:14:56.468-07:00I think he's talking about the Dow.I think he's talking about the Dow.Garyhttps://www.blogger.com/profile/14556370683669428668noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-64723198069005424842011-07-28T16:12:42.265-07:002011-07-28T16:12:42.265-07:00+75 to -75 what?+75 to -75 what?JEFFtheFLEAhttps://www.blogger.com/profile/08858365650846884513noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-23541993504314898622011-07-28T15:41:50.799-07:002011-07-28T15:41:50.799-07:00I suspect that "everyone" knows we will ...I suspect that "everyone" knows we will be down tomorrow ahead of the weekend and that that's why we went from +75 to -75 this afternoon. I don't believe that those who sold today to get out before Friday can sell again tomorrow. Tomorrow may surprise with an up day IMO.DGhttps://www.blogger.com/profile/15668568316531084679noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-29093311519148483602011-07-28T15:35:23.936-07:002011-07-28T15:35:23.936-07:00hitting refresh button every 2 min look for report...hitting refresh button every 2 min look for reportJEFFtheFLEAhttps://www.blogger.com/profile/08858365650846884513noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-38647380012847107472011-07-28T15:22:25.511-07:002011-07-28T15:22:25.511-07:00Markets should sell off huge tomorrow since many w...Markets should sell off huge tomorrow since many won't want to hold through the weekend with the charade debt ceiling panic going on.High 5https://www.blogger.com/profile/16815415405352412071noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-68246209369405344022011-07-28T15:21:07.482-07:002011-07-28T15:21:07.482-07:00http://mises.org/daily/5478/Digitizing-Money-Infla...http://mises.org/daily/5478/Digitizing-Money-Inflation-Changes-NothingDanielhttps://www.blogger.com/profile/10940888740944629300noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-7193152455253199882011-07-28T15:12:03.513-07:002011-07-28T15:12:03.513-07:00Today was not a good day to be selling your miners...Today was not a good day to be selling your miners, IMO.Polyhttps://www.blogger.com/profile/01101104361466256156noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-53716054980813933912011-07-28T14:53:28.782-07:002011-07-28T14:53:28.782-07:00Those who sold today would be able to get out at s...Those who sold today would be able to get out at similar prices at some point in the future, even if we go lower first. The bull would let you out.<br /><br />However unlikely it is that prices rise from here, at least you'd still have your position if they should. <br /><br />Just my thoughts on the topic. :)Shalom Bernankehttps://www.blogger.com/profile/16590351870092138098noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-27210356833930117212011-07-28T14:50:39.933-07:002011-07-28T14:50:39.933-07:00For the statisticians: assuming the model portfol...For the statisticians: assuming the model portfolio parameters on a 10K account, buying on the close for both initial and added positions on 7/5 and 7/12, exiting GDX and GDXJ today so that no money was lost on the added positions and profit was preserved on the initial entries:<br />GDX + 2.86%<br />GDXJ + 2.00%<br /><br />Being a newbie to cycle trading, it seems more art than science to me. As such, I defer to Gary's experience and gut check. Also, I appreciate his personal trading "flaw" which apparently skews to profit taking. <br /><br />I've lived the bit about how to become a millionaire by trading: easy, start with two million. I now prefer the old Rothschild quote: "I never buy at the bottom and I always sell too soon."andybujihttps://www.blogger.com/profile/17714324699505458274noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-77586890227285989072011-07-28T14:49:42.113-07:002011-07-28T14:49:42.113-07:00I'll take advantage of this decline by buying ...I'll take advantage of this decline by buying at different levels over several days if possible, rather than trying to sidestep a pullback. Bet size that matches my personality allows for this.<br /><br />I don't know what will happen to miners any more than anybody else, but selling something that is overall strong into temporary weakness is not a formula for accumulating wealth. Keep in mind I'm not calling any sort of bottom, all I'm doing is taking shares from those that get nervous. Only a week ago everybody was throwing money in (and late), asking Gary if they "should just get some now"? Today, most here are selling their miners.<br /><br />If they go lower but stay above my stop-out, I'll consistently add, and if they rally from here and I don't add, at least I have more shares than I did yesterday. We will NEVER get it perfect price wise, but a trader can get his execution down to a tee if he works on what he is able to control, but prices is not one of them.Shalom Bernankehttps://www.blogger.com/profile/16590351870092138098noreply@blogger.com