Gold collapsing. Bitcoin UP.

[cypherdoc]

iz it tim yet?:

[silverbox]

Yup its time for an update!!

this thread was started 3/13

Bitcoin  5.40

Gold 1690.


today 5/2

Bitcoin 5.09   (down ~6%)

Gold 1653  (down ~2%)


Gold still hasn't collapsed,  Bitcoin still isn't up.

AAPL 583

[S3052]

Yup its time for an update!!

this thread was started 3/13

Bitcoin  5.40

Gold 1690.


today 5/2

Bitcoin 5.09   (down ~6%)

Gold 1653  (down ~2%)


Gold still hasn't collapsed,  Bitcoin still isn't up.

AAPL 583

cypher has done this with a mid and long term view in mind. wait another couple of months and we will see

[waveaddict]

waveaddict:

couldn't we be setting up to do one of these?  a wave 3 of 5 down?


the 3 wave down would be expected to to be greater in extent and time compared to 1 would it not?  as it is, its a little shorter and the depth not as deep.

We very well could be (and that is why I continue to be heavily short) but that 2nd wave from your chart up looks more like a 5 waver instead of a 3 waver.

The three most likely wave counts from my perspective are here: http://imageshack.us/f/825/aaplw.png/

Enjoy!  

Like I said, the structure didn't look quite right for a wave 3 down starting just yet. I'll be re-shorting in the $600 -$610 range.

You gotta love it when a plan comes together  

[cypherdoc]

silverbox, what's the score?

one of these days you're gonna wake up and see this happen to your stocks.  the INSTANT earnings were released after hours last nite we got this gap down.  David Einhorn has been short this puppy for around 5 years.  Patience pays:

[cypherdoc]

iz it RILLY tim yet?

[cypherdoc]

how fast could you have possibly been?:

[sunnankar]

the INSTANT earnings were released after hours last nite we got this gap down.  David Einhorn has been short this puppy for around 5 years.  Patience pays:

It happens gradually then all at once.

[cypherdoc]

the INSTANT earnings were released after hours last nite we got this gap down.  David Einhorn has been short this puppy for around 5 years.  Patience pays:

It happens gradually then all at once.

it makes you wonder; how fast can computers read an earnings report and digest its implications? 

i say they don't; the stock price was propped up from the beginning by HFT's and it was time to pull the plug.

[cypherdoc]

what else is there to say?:

[silverbox]

coffee roasters really??

Yeah the miners have pulled back a bit in the last 7 weeks since this thread was started, its a good buying oppurtunity.

Its not like BTC has done any better in the last 7 weeks. *shrug*

[cypherdoc]

[cypherdoc]

SLW, PAAS, GG, AEM, GDXJ all sinking faster and faster...

[cypherdoc]

coffee roasters really??

i see you fail to see the significance.

[silverbox]

Bout as signifcant as where I'm having lunch today..



Its done quite well for me, decent food, makes me money..

[cypherdoc]

Bout as signifcant as where I'm having lunch today..



Its done quite well for me, decent food, makes me money..

yes, but you're not invested in that one.  

you're in gold/silver stocks, gold and silver  

[miscreanity]

the INSTANT earnings were released after hours last nite we got this gap down.  David Einhorn has been short this puppy for around 5 years.  Patience pays:

It happens gradually then all at once.

it makes you wonder; how fast can computers read an earnings report and digest its implications? 

i say they don't; the stock price was propped up from the beginning by HFT's and it was time to pull the plug.

Manufactured volatility. Need I say more?

As for the miners, they've been perpetually weighed on by algos in the same manner that Apple, et al. have been propped up. Why would a snap back from highs be any different than a snap back from lows?

It's misdirection - look over here at Apple and buy that while I go over here and scoop up quality real assets and miners. A typical wealth accumulation game.

[cypherdoc]

the INSTANT earnings were released after hours last nite we got this gap down.  David Einhorn has been short this puppy for around 5 years.  Patience pays:

It happens gradually then all at once.

it makes you wonder; how fast can computers read an earnings report and digest its implications?  

i say they don't; the stock price was propped up from the beginning by HFT's and it was time to pull the plug.

Manufactured volatility. Need I say more?

As for the miners, they've been perpetually weighed on by algos in the same manner that Apple, et al. have been propped up. Why would a snap back from highs be any different than a snap back from lows?

It's misdirection - look over here at Apple and buy that while I go over here and scoop up quality real assets and miners. A typical wealth accumulation game.

what's really happening is that the miners, silver, gold, and the rest of the commodities topped last year and are leading the market down.  and its gonna be a big down.

[cypherdoc]

Silver's gonna break $30 once and for all.

[silverbox]

Bout as signifcant as where I'm having lunch today..



Its done quite well for me, decent food, makes me money..

yes, but you're not invested in that one.  

you're in gold/silver stocks, gold and silver  

Actually I am invested in it.