38 thoughts on “BULL MARKETS – WHAT DO THEY DO? THEY GO UP!”
Robert
Gary, do you still expect gold ICL in October or are we now going down into the ICL ahead of time?
GaryPost author
Gold still hasn’t made a lower low and neither have the miners. They may have already made their ICL bottoms. Only a little more time will tell.
Robert
Thanks
chrisG
Let me give u guys a tip. Buy miners on Friday. This few days, going to be bloodbath for it. Your buying opportunity to buy low. Gdx is heading for 200dma. And junior miners going to drop 20% ish.
GaryPost author
I’m going to go out on a limb and say the 200 week moving average contains price, if it even gets that low.
GaryPost author
I also think gold holds the 200 WMA while it waits for the dollar to start the move down into its ICL.
tulip
thanks Chris you have to open your own blog site.
AmantedeTeclas
Hello there.
Alexandru is constantly stating that the DOLLAR has to go up into a yearly cycle high before it will go down the dumps. That is confusing me.
Can anyone explain why that should happen? And has it happened in the past in a similar situation already?
Thanks.
GaryPost author
He’s going to be wrong.
humbled
looks like should start buying .. in a few batches
Recent reports are showing that coffee inventories are at a 4-year low but nothing to worry about.
Check the weather in Brazil and Columbia, I bet it has something to do with it.
redbaron9
gdx macd not ready yet??
Alexandru Popovici
so good waiting on cash (just one stock holding) !
transports are leading with a new low.
GIMO has not wanted to wait for stocks’ DCL and for me rebuying it 🙁 – just sprung to a new high with +8% today.
Waiting to rebuy YELP, BCOV, SPAR, QCOM, ERF
chrisG
Wrong Alex, Transport is looking like an inverted HS. The period of Mar 16, to now.
Alexandru Popovici
Chris, I meant Transports were the only segment to continue their daily cycle with a new low, thus leading all indexes and signaling that further downside pressure may ensue shortly from now before DCL is charted.
That stocks and oil will spring higher in 1-2 days, I agree with you but I prefer waiting for swing low so that I can assess my risk on each position, even if I know I will buy those stocks at higher prices than now.
redbaron9
Fed stop buying SPX Oct 2015.. so it stop moving up
AmantedeTeclas
I took the first small long position in oil.
I am a bit unsure about the chart.
Since the last top was lower than anticipated could this mean that oil will decline deeper than anticipated?
Could it even roll over? I understand this last daily cycle now finished left translated.
Best Regards.
Alexandru Popovici
I personally would never consider buying before daily swing low under my momentum strategy.
On my positioning/holding strategy, on the other hand, yes, because that’s a different story: I allow for larger reward/risk ratio for any entry while the investment is built also through a longer time frame and aims at encompassing at least an yearly cycle.
I employ both momentum and holding strategies for diversification purposes.
AmantedeTeclas
Well, I don’t have that much time for doing all this research. We broke this ascending trendline today that is supposed to be generating a buy signal if I understood Gary correctly. I am not greedy so I won’t get rich neither headaches. I will add a bit more when I see oil around 43 and a bit around 42 maybe. 🙂
Alexandru Popovici
check out in trading literature on the net the “merits” of AVERAGING DOWN your trades: going bust is round the corner for you.
that’s not a guess, it has been statistically proven.
for you the application of Averaging Down on leveraged trades will make but to quicken your equity evaporation.
now all this I’ve said to you may not mean much, but YOU WILL REMEMBER MY WORDS IN DUE TIME
victor
you’re so right Alex…, I had such “experience” …
AmantedeTeclas
Thanks Alex. That was definitely helpful.
AmantedeTeclas
Then I will just wait till 42 before I buy another peanut position.
GaryPost author
Breaking the uptrend line confirms that a DCL has begun. It is not a buy signal.
AmantedeTeclas
Thanks, Gary.
Well, because I never know how deep it will go, I always buy just small positions that don’t bother me ever.
victor
Looks like they’re going to keep oil down till The International Energy Forum 26th – 28th September, to have oil freeze talk more viable…
victor
if to consider how copper going up, soon we should see silver rise too ….
Alexandru Popovici
me too, dear Victor, me too.
and the worst part was that I was persisting in resorting to averaging down as well as to other stupidities (particularly not dumping a losing trade quickly and employing a reward/risk-based strategy) for too long a time, time after time.
all that until got so mad at me that I realized that if I wanted to be profitable I markets I had:
– to start reading trading literature and
– to change my innate, throng-driven instincts – markets act in the inverted way than the way we are born and taught by society.
victor
you should consider to write a book …, this is invaluable experience, sometimes taking years to realize one should employ different trading approach strategy … (if person look for it)…
tulip
Gee Victor I hope he doesn’t write a book… good gravy..
have a heart!! I can hardly understand a paragraph.
victor
Alex is a “beaten” thinking out trader…, most of us are too short to compare…
Alexandru Popovici
here is the best guide towards Averaging Down trades; at its end it provides a table with how the strategy works (or rather not) for each type of strategy (usually each successful trader employs only one trading strategy into which he/she specializes):
….by the way, making a point in action, real time: woops, oil is making fresh lows
AmantedeTeclas
Yeah!!! New lows!!! Juuuuust a bit lower is how I want it. The question is then if we are in a bull market for oil or not.
Don
Averaging down on low quality stocks and commodity futures can easily lead to disaster. Averaging down on ETFs ( other than commodity related or leveraged funds), is a whole different matter. Fund managers dump stocks from an ETF when they are below a certain value threshold, thereby insulating the ETf from bankruptcies. I average down on ETfs all the time with success. even though it sometimes takes a while for a recovery.
Don
I don’t see any evidence of the PPT in action today. The S&P may close up but lower numbers are coming in the following weeks.
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Gary, do you still expect gold ICL in October or are we now going down into the ICL ahead of time?
Gold still hasn’t made a lower low and neither have the miners. They may have already made their ICL bottoms. Only a little more time will tell.
Thanks
Let me give u guys a tip. Buy miners on Friday. This few days, going to be bloodbath for it. Your buying opportunity to buy low. Gdx is heading for 200dma. And junior miners going to drop 20% ish.
I’m going to go out on a limb and say the 200 week moving average contains price, if it even gets that low.
I also think gold holds the 200 WMA while it waits for the dollar to start the move down into its ICL.
thanks Chris you have to open your own blog site.
Hello there.
Alexandru is constantly stating that the DOLLAR has to go up into a yearly cycle high before it will go down the dumps. That is confusing me.
Can anyone explain why that should happen? And has it happened in the past in a similar situation already?
Thanks.
He’s going to be wrong.
looks like should start buying .. in a few batches
pray tell… buying….. what..?
GARY HAVE A LOOK TO $COFFEE….I THINK SOMETHING BIG IS HAPPENING
http://stockcharts.com/h-sc/ui?s=$COFFEE
NIKOLAS
Recent reports are showing that coffee inventories are at a 4-year low but nothing to worry about.
Check the weather in Brazil and Columbia, I bet it has something to do with it.
gdx macd not ready yet??
so good waiting on cash (just one stock holding) !
transports are leading with a new low.
GIMO has not wanted to wait for stocks’ DCL and for me rebuying it 🙁 – just sprung to a new high with +8% today.
Waiting to rebuy YELP, BCOV, SPAR, QCOM, ERF
Wrong Alex, Transport is looking like an inverted HS. The period of Mar 16, to now.
Chris, I meant Transports were the only segment to continue their daily cycle with a new low, thus leading all indexes and signaling that further downside pressure may ensue shortly from now before DCL is charted.
That stocks and oil will spring higher in 1-2 days, I agree with you but I prefer waiting for swing low so that I can assess my risk on each position, even if I know I will buy those stocks at higher prices than now.
Fed stop buying SPX Oct 2015.. so it stop moving up
I took the first small long position in oil.
I am a bit unsure about the chart.
Since the last top was lower than anticipated could this mean that oil will decline deeper than anticipated?
Could it even roll over? I understand this last daily cycle now finished left translated.
Best Regards.
I personally would never consider buying before daily swing low under my momentum strategy.
On my positioning/holding strategy, on the other hand, yes, because that’s a different story: I allow for larger reward/risk ratio for any entry while the investment is built also through a longer time frame and aims at encompassing at least an yearly cycle.
I employ both momentum and holding strategies for diversification purposes.
Well, I don’t have that much time for doing all this research. We broke this ascending trendline today that is supposed to be generating a buy signal if I understood Gary correctly. I am not greedy so I won’t get rich neither headaches. I will add a bit more when I see oil around 43 and a bit around 42 maybe. 🙂
check out in trading literature on the net the “merits” of AVERAGING DOWN your trades: going bust is round the corner for you.
that’s not a guess, it has been statistically proven.
for you the application of Averaging Down on leveraged trades will make but to quicken your equity evaporation.
now all this I’ve said to you may not mean much, but YOU WILL REMEMBER MY WORDS IN DUE TIME
you’re so right Alex…, I had such “experience” …
Thanks Alex. That was definitely helpful.
Then I will just wait till 42 before I buy another peanut position.
Breaking the uptrend line confirms that a DCL has begun. It is not a buy signal.
Thanks, Gary.
Well, because I never know how deep it will go, I always buy just small positions that don’t bother me ever.
Looks like they’re going to keep oil down till The International Energy Forum 26th – 28th September, to have oil freeze talk more viable…
if to consider how copper going up, soon we should see silver rise too ….
me too, dear Victor, me too.
and the worst part was that I was persisting in resorting to averaging down as well as to other stupidities (particularly not dumping a losing trade quickly and employing a reward/risk-based strategy) for too long a time, time after time.
all that until got so mad at me that I realized that if I wanted to be profitable I markets I had:
– to start reading trading literature and
– to change my innate, throng-driven instincts – markets act in the inverted way than the way we are born and taught by society.
you should consider to write a book …, this is invaluable experience, sometimes taking years to realize one should employ different trading approach strategy … (if person look for it)…
Gee Victor I hope he doesn’t write a book… good gravy..
have a heart!! I can hardly understand a paragraph.
Alex is a “beaten” thinking out trader…, most of us are too short to compare…
here is the best guide towards Averaging Down trades; at its end it provides a table with how the strategy works (or rather not) for each type of strategy (usually each successful trader employs only one trading strategy into which he/she specializes):
http://thepatternsite.com/AveragingDown.html
….by the way, making a point in action, real time: woops, oil is making fresh lows
Yeah!!! New lows!!! Juuuuust a bit lower is how I want it. The question is then if we are in a bull market for oil or not.
Averaging down on low quality stocks and commodity futures can easily lead to disaster. Averaging down on ETFs ( other than commodity related or leveraged funds), is a whole different matter. Fund managers dump stocks from an ETF when they are below a certain value threshold, thereby insulating the ETf from bankruptcies. I average down on ETfs all the time with success. even though it sometimes takes a while for a recovery.
I don’t see any evidence of the PPT in action today. The S&P may close up but lower numbers are coming in the following weeks.