Starting it off.

Al

Paper trading. Bought some GOLD calls yesterday. Got stopped out for a loss today.

Al

I like the look of nem better than gold....gold has been the laggard, holding gdx back....I think I mentioned recently that nem had every fib in the book in place at the recent low?

Originally posted by albert

Paper trading. Bought some GOLD calls yesterday. Got stopped out for a loss today.

Al

rat,

Thanks for your comments and charts. I recall your statement on all those fibs and I certainly recall all those arrows pointing at that spot. Kind of hard to miss LOL. :--)

Al :--)

Originally posted by rat89

I like the look of nem better than gold....gold has been the laggard, holding gdx back....I think I mentioned recently that nem had every fib in the book in place at the recent low?

Click image for original size

Click image for original size

Click image for original size

Originally posted by albert

Paper trading. Bought some GOLD calls yesterday. Got stopped out for a loss today.

Al

but so many traders missed it! and then missed the .886 on gld/ gdx!

Originally posted by albert

rat,

Thanks for your comments and charts. I recall your statement on all those fibs and I certainly recall all those arrows pointing at that spot. Kind of hard to miss LOL. :--)

Al :--)

Originally posted by rat89

I like the look of nem better than gold....gold has been the laggard, holding gdx back....I think I mentioned recently that nem had every fib in the book in place at the recent low?

Click image for original size

Click image for original size

Click image for original size

Originally posted by albert

Paper trading. Bought some GOLD calls yesterday. Got stopped out for a loss today.

Al

spy 15

Lots of good charts and comments guys!
NQ will probably test 1.0 ABCD support at 8025, with minor subgrouping at 8070, still within the pattern range. If that happens and there is an opportunity to go long, I will reverse my position instead of just closing it. But the only aim will be to trade intraday bearish correction and then go short again.
Complex plan but everyone has a right to follow his/her dreams.

rat,

Very good point. Thank you again for sharing your very fine and thorough chart work and ew work with the rest of us here on Jim's forum. I applaud your work!

Al :--)

Originally posted by rat89

but so many traders missed it! and then missed the .886 on gld/ gdx!

Originally posted by albert

rat,

Thanks for your comments and charts. I recall your statement on all those fibs and I certainly recall all those arrows pointing at that spot. Kind of hard to miss LOL. :--)

Al :--)

Originally posted by rat89

I like the look of nem better than gold....gold has been the laggard, holding gdx back....I think I mentioned recently that nem had every fib in the book in place at the recent low?

Click image for original size

Click image for original size

Click image for original size

Originally posted by albert

Paper trading. Bought some GOLD calls yesterday. Got stopped out for a loss today.

Al

rat,

btw, good setup on the GS. Thanks for sharing. GS did move down sharply when it was ready to.

Al :--)

Paper trading. Made a bit on DLTR with a long call. The arrows on the 5 min tf chart point to PMO crossing its signal line, +DI crossing over 25, while being above the -DI, and 8 x 20.

Al :--)

it's amazing how weak gs is relative to the other financials, like jpm

Originally posted by albert

rat,

btw, good setup on the GS. Thanks for sharing. GS did move down sharply when it was ready to.

Al :--)

Duane,

I agree.

Al :--)

PS I got my internet back. My internet was down over the weekend.

Originally posted by Duane

Thank you Al, Marcino , and Rat. I learn daily!!!!