tag:blogger.com,1999:blog-7130708113832839690.post7519089974204043531..comments2023-10-29T02:04:09.499-07:00Comments on Smart Money Tracker: Garyhttp://www.blogger.com/profile/14556370683669428668noreply@blogger.comBlogger95125tag:blogger.com,1999:blog-7130708113832839690.post-16512175211781698112010-11-10T17:45:25.747-08:002010-11-10T17:45:25.747-08:00OK Gary
no more grumbling from me :)
JakeOK Gary <br />no more grumbling from me :) <br /> JakePhilhttps://www.blogger.com/profile/03049413056228428762noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-8195075495337258442010-11-10T07:27:08.351-08:002010-11-10T07:27:08.351-08:00Well....the SPX has reversed hard almost immediate...Well....the SPX has reversed hard almost immediately after exceeding the earlier high in april 2010....a repeat of the Double Top back in 2007, perhaps?Nickhttps://www.blogger.com/profile/05224566348172561930noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-11401683732477908382010-11-10T07:23:38.396-08:002010-11-10T07:23:38.396-08:00PC,
I would need a crystal ball to tell you the an...PC,<br />I would need a crystal ball to tell you the answer to that one :)<br /><br />I do expect we will get a healthy bounce out of the next daily cycle low as everyone will expect the buy the dip strategy to continue working.Garyhttps://www.blogger.com/profile/14556370683669428668noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-7456429867431414242010-11-10T07:23:01.199-08:002010-11-10T07:23:01.199-08:00I think we needed the gold bug meter? I know the ...I think we needed the gold bug meter? I know the troll meter helped alot. LOLKeyshttps://www.blogger.com/profile/01980184575351995254noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-13813281237530338222010-11-10T07:12:18.073-08:002010-11-10T07:12:18.073-08:00Let's not forget the index is more than 50% Eu...Let's not forget the index is more than 50% Euro composed so this rise is mainly attributed to a declining Euro out of Irish debt fears. Those fears can be quickly forgotten.Polyhttps://www.blogger.com/profile/01101104361466256156noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-70006790206935881792010-11-10T07:12:02.361-08:002010-11-10T07:12:02.361-08:00New PostNew PostGaryhttps://www.blogger.com/profile/14556370683669428668noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-32302223041706537062010-11-10T07:12:01.856-08:002010-11-10T07:12:01.856-08:00Trend line looks like overhead support on the doll...Trend line looks like overhead support on the dollar (/DX) right around that 80 mark.<br /><br /><a href="http://www.screencast.com/users/Jayhawk1991/folders/Jing/media/4c8493e0-1c6a-4081-860f-c6b3719ceb88" rel="nofollow">DX Chart</a>Jayhawkhttps://www.blogger.com/profile/06180238054191226687noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-11729270195628793972010-11-10T07:11:55.433-08:002010-11-10T07:11:55.433-08:00http://www.goldseek.com/quotes/charts/usdollar/usd...http://www.goldseek.com/quotes/charts/usdollar/usdollarindex24hour.phpGaryhttps://www.blogger.com/profile/14556370683669428668noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-14516882151258241562010-11-10T07:09:39.901-08:002010-11-10T07:09:39.901-08:00Hello
Please tell me how I can track the dollar?Hello<br />Please tell me how I can track the dollar?Leilanihttps://www.blogger.com/profile/00130192513131706231noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-43180895260130926092010-11-10T07:09:08.286-08:002010-11-10T07:09:08.286-08:00We retraced about 62% of the drop and now Euro bro...We retraced about 62% of the drop and now Euro broke 1.37. But the PMs are fighting and not giving in. What the bulls want is to prevent the stops from triggering below yday's PM lows. The market was balanced overnight before the Euro started dumping after the equities opened.aviat72https://www.blogger.com/profile/16729507895807002085noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-54485909339389899822010-11-10T07:07:41.354-08:002010-11-10T07:07:41.354-08:00Gary you could be right here, lot of weakness in t...Gary you could be right here, lot of weakness in the equities and they seem very willing to roll over here.Polyhttps://www.blogger.com/profile/01101104361466256156noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-68176288481530755372010-11-10T07:05:31.413-08:002010-11-10T07:05:31.413-08:00Gary,
Your example of you selling SLW the other d...Gary,<br /><br />Your example of you selling SLW the other day is not a good example of when to get out. It only accounted for 10% of your portfolio. What would have been better is if you came on the blog yesterday while the action was going on and said you are selling the rest and if people didn't believe, then they can have nothing to say today.n1trohttps://www.blogger.com/profile/11971504005382128605noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-33408611815279877992010-11-10T07:04:16.079-08:002010-11-10T07:04:16.079-08:00Gary,
If yesterday's high was the intermediat...Gary,<br /><br />If yesterday's high was the intermediate top, we will wait for confirmation and then sell into the bounce that follows.<br /><br />Here's a question: If yesterday's high was the IT top and we follow the plan to sell into the bounce out of the IT low, what chance would you give that bounce being at a higher price than the price PM's are trading at today?<br /><br />I'm guessing that today's prices will turn out to be higher than the bounce out of the low. If that turns out to be the case and if the odds are high that we've seen the IT top (and it looks like they are), then it might make sense to take off some positions today and then wait to take off the rest (of the total that we're planning to take off) on the bounce out of the low.<br /><br />Does that make sense?pimaCanyonhttps://www.blogger.com/profile/09477196225992507658noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-61503287593703402822010-11-10T07:01:57.060-08:002010-11-10T07:01:57.060-08:00Friday's sell signal was fulfilled and success...Friday's sell signal was fulfilled and successful as we dropped 1% in two days (max should be five days). I am holding my shorts as with PM's<br />weak I feel more comfortable short some stocks as well, but the signal has now expired. I will post the next one (hopefully a buy signal)DGhttps://www.blogger.com/profile/15668568316531084679noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-17809204332413600572010-11-10T06:58:19.505-08:002010-11-10T06:58:19.505-08:00G-Train,
How about your 4 day rule on trend rever...G-Train,<br /><br />How about your 4 day rule on trend reversals for the USD?Shalom Bernankehttps://www.blogger.com/profile/16590351870092138098noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-31728436299736150202010-11-10T06:55:51.862-08:002010-11-10T06:55:51.862-08:00I think Prechter has done a fine job disproving th...I think Prechter has done a fine job disproving that theory!Polyhttps://www.blogger.com/profile/01101104361466256156noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-15539160802567913312010-11-10T06:53:47.274-08:002010-11-10T06:53:47.274-08:00Nobody talks elliott wave here. I'm not an exp...Nobody talks elliott wave here. I'm not an expert but yesterday looked like a the end of a 3rd wave for silver and gold. Silver will correct with a simple ABC zig-zag (alternating with wave 2 complex wave)with a target of 25.75. Gold will enter a triangle ending at 1400. Then both PM zoom higher into their 5th wave. Further out there will be another correction followed by another high in the spring. HTHChryshttps://www.blogger.com/profile/02722672162861462879noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-90424907539438138872010-11-10T06:49:00.947-08:002010-11-10T06:49:00.947-08:00Could we be filling some gaps, like in SLW, or som...Could we be filling some gaps, like in SLW, or something? Yesterday was pretty weird along with Fox news of a stray missile and G19 meeting.TommyDhttps://www.blogger.com/profile/12469182759859371727noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-84932042539257827822010-11-10T06:45:50.715-08:002010-11-10T06:45:50.715-08:00Why is /SI-Silver futures down 5.5% this morning?Why is /SI-Silver futures down 5.5% this morning?Jayhawkhttps://www.blogger.com/profile/06180238054191226687noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-34313562317295225172010-11-10T06:43:18.217-08:002010-11-10T06:43:18.217-08:00I will say this. The hits to the blog yesterday we...I will say this. The hits to the blog yesterday were the largest they've been in a long time. That usually only happens at tops and bottoms. The sentiment was wildly bullish. We have a key reversal on large volume and the dollar is not doing what it's supposed to do. <br /><br />Also the stock market has entered the timing band for an intermediate low. <br /><br />My feel is that we just got thrown a major curve ball and smart money will sell into any snapback reaction. I wouldn't blame anyone who takes off leverage today :)<br /><br />I will wait for confirmation myself though.Garyhttps://www.blogger.com/profile/14556370683669428668noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-839028519796864912010-11-10T06:43:03.523-08:002010-11-10T06:43:03.523-08:00Do gold tell us it can't go through $1400?
Th...Do gold tell us it can't go through $1400? <br />The only chance is gold waiting you to sell your position and then going to $1500Gold Erahttps://www.blogger.com/profile/02646190072963124307noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-16913364850476799292010-11-10T06:41:12.785-08:002010-11-10T06:41:12.785-08:00BTW,
I bought AGQ at 100, 103, 107, 113and 122. S...BTW,<br />I bought AGQ at 100, 103, 107, 113and 122. Sold this morning at 130.<br /><br /><br />I know it was the right move for me b/c now I feel less attached to the market. If it goes up, my accts rise. If it goes down, I get to buy more at lower prices. A strong hand sell.fubsy_cooterhttps://www.blogger.com/profile/03468090772088504646noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-75868156860647342692010-11-10T06:38:33.133-08:002010-11-10T06:38:33.133-08:00Took off a little froth this morning by selling my...Took off a little froth this morning by selling my AGQ in premarket. Nice bounce. I still have a sizable PM position, but with the uncertainty I feel more comfortable without my AGQ. <br /><br />To me, 2x ETFs are for the more likely bursts higher, not for seesaw action. Too much gets shaved off the top during reversals on these tools. <br /><br />The comments are looking like there are a few fools playing leverage to the hilt. I guess it takes a fatal error to learn. Greed in the markets is one imbalance that allows us to get an edge. Let the others have the greed, and keep the edge.fubsy_cooterhttps://www.blogger.com/profile/03468090772088504646noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-91341036398874277622010-11-10T06:36:00.037-08:002010-11-10T06:36:00.037-08:00This comment has been removed by the author.fubsy_cooterhttps://www.blogger.com/profile/03468090772088504646noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-6181557550930269912010-11-10T06:33:45.551-08:002010-11-10T06:33:45.551-08:00Looks like the party is back on.... with a strong ...Looks like the party is back on.... with a strong dollar. Interesting that the yen is the weakest link in the dollar index today.<br /><br />Like I said yesterday, the USD is correlating with the broad market and I really hope to see decoupling of the broad market from gold miners.Frankhttps://www.blogger.com/profile/11715196278958278877noreply@blogger.com