My DUST trade (the only short term buy that was triggerd with a price fill) generated its first sell signal on Wed and then a second on the open on Th. I closed the trade off via the after hours trades at 22.49. Lots happened this week but we really didn't miss anything. People who chased the gold short will "maybe" be losing money by mid week. The Q's did in fact trade thru $146...like I forecasted. I'm concentrating on the sexy VIXens this coming week but I can also see secondary trades in DUST long...dollar long...which means what I already said...basically nothing atall happened this week. :-) My DUST 10 day view. Signaling sell into the closse so a "slight" selloff early "likely" means I left some on the table. DUST rallies early and it comes back to rretest (take out) the recent low. That's my take. Windup? Neutral with a stupid short term sell outlook on DUST, long the HUI until Greg "Maalox" Mannarino says >>> "see...I toldja gold n silver wuz good." :-)
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As I said in the post I am neutral and closed all short positions earlier in the week - nice profits. It will be interesting to watch all the craziness next Wednesday. Perhaps a spike down to close that gap. What happens next will determine the direction of the HUI for the rest of the year. IMHO. If the HUI posts and outside bar to the upside, we just might see a Fall rally. A Fall rally only occurs in a "Bull Market", which will last until Thanksgiving. If there is follow through to the downside, then the HUI is going lower until the end of December. In which case, there will be a huge move to the upside until sometime in February of 2018. All fun and games until someone loses an eye.
Here's my overall windup on how methinks things play out this coming week...in the dollah, bonds, the general market, and of course gold and silver as the rush to te dollar would crush both imo.
https://steemit.com/bitcoin/@ew-and-patterns/btc-update-15-09-17-don-t-be-fooles-by-this-volume-spike#@joejustjoe/re-ew-and-patterns-re-ew-and-patterns-btc-update-15-09-17-don-t-be-fooles-by-this-volume-spike-20170917t134722182z
terrific call there joey u sold DUST and today it's up 5% only you joe! Next dumbfark trade?
Well I am neutral and have been out of DUST for several sessions - with nice and safe profits. Are you buying DUST today? Why? HUI is getting very close to filling the "gap" at 201.94 LOW today 202.40 so far. There will be a time to buy DUST or NUGT but today is probably not the day. Also the FED,
Mr. @cantfightthefed meets later this week. What happens next will set the tone for the rest of the year. Catching a bottom or riding to the top, is great bragging rights at a cocktail party, but is not the best for profitable trading. I imagine the gap gets filled today or early tomorrow. I have read Joe's work, he has a plan, I may not agree with it - yet - but what he sees is an actual and tradeable scenario. Which puts joe in a rare category of traders, a man with a plan. Will it happen - that remains to be seen.