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Direxion Daily Gold Miners Bull 3X ETF Message Board

alexgchronis 27 posts  |  Last Activity: Jul 30, 2015 12:00 PM Member since: Mar 27, 2007
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  • Reply to

    Go Trump!

    by yadayada1957 Jul 30, 2015 7:27 AM
    alexgchronis alexgchronis Jul 30, 2015 12:00 PM Flag

    Correct,I hope that I will not face such choice

  • Reply to

    Go Trump!

    by yadayada1957 Jul 30, 2015 7:27 AM
    alexgchronis alexgchronis Jul 30, 2015 11:49 AM Flag

    Hello Trader,if there is a person that I despise more than "The Donald", it is Hillary. If the two are paired on the Nov 2016 ballots, I will lose whatever little faith I still have in our political system and forgo my voting privilege. The grandiose attributes and worthy tasks that you heap on "President Trump" will IMO never be realized. For a change we must agree that we disagree

  • Reply to

    Go Trump!

    by yadayada1957 Jul 30, 2015 7:27 AM
    alexgchronis alexgchronis Jul 30, 2015 10:50 AM Flag

    I must admit that I am ignorant of Trump's position on the numerous difficult issues facing our nation. My impression of him is of a megalomaniac , poor moral fiber, the end justifies the means, prevaricator and these are his "good" qualities. This has nothing to do with liberal/conservative issues but the question of who do we want our children and grandchildren to look up to. Heaven forbid the day that this POS reside in the White house.

  • Reply to

    Alex and Elliott: gold $1500

    by grm2224 Jul 30, 2015 9:04 AM
    alexgchronis alexgchronis Jul 30, 2015 10:33 AM Flag

    Hello grm, I could be wrong but it appears to me that your post(repeated recently) is an oblique manner of asking for my current EWA thoughts. First, I will again point out that you are cherry picking and distorting my messages. Recently I have correctly called for a new low below 1131(high 1000s) long before we got to the recent breakdown, followed by a significant rally(1500s). Secondly I gave a target (1060 violation) as invalidating such scenario. This remains my preferred scene but other scenes are also possible. EWA does nor impart precognition abilities, only,in conjunction with other TA tools, improves one's efforts for profitable trades.

  • Reply to

    Alex

    by trader537 Jul 28, 2015 2:38 PM
    alexgchronis alexgchronis Jul 29, 2015 1:38 AM Flag

    Recently I have frequently asked myself why do I continue to read and post on this board. When I first joined a couple of years ago, there was much more respectful and helpful interchange. Perhaps I am hopeful that such will again flourish. Perhaps the fact that, even if infrequent, there apears a thoughtful and helpful post, or someone commenting, even more rare, that they found value in one of my posts. Perhaps an occasional witty post or an opinion not related to trading/investing piques my curiosity. I still enjoy participating and observing human social interaction. Whatever the reason/s I will continue my diminishing interaction on the board. Your thoughtful and helpful posts, mostly in agreement but occasionally different from my views, are always welcomed and frequently have led to a profitable trade for the portfolio for my grandchildrens education that I manage. I hope that I will continue to have the pleasure of seeing your participation for the duration of my stay on this message board.
    GL

  • Reply to

    Trader- Great Call On The 1150 Retracement

    by rocketstock78 Jul 27, 2015 9:31 PM
    alexgchronis alexgchronis Jul 28, 2015 2:21 PM Flag

    I do not like responses such as mine above, but to attempt to respond to the inaccuracies (I am giving him the benefit of the doubt and not calling such as lies) will only give his post undeserved credence and relevance.

  • Reply to

    Trader- Great Call On The 1150 Retracement

    by rocketstock78 Jul 27, 2015 9:31 PM
    alexgchronis alexgchronis Jul 28, 2015 1:54 PM Flag

    interesting user name. "von" suggesting nobility and "brawn" suggesting physical prowess. Taken together strongly suggest an inferiority complex a cardinal symptom of which is attempting to belittle others in order to bolster a negative self esteem

  • Reply to

    trader and Alex-1171?

    by jyarboro Jul 20, 2015 8:10 AM
    alexgchronis alexgchronis Jul 20, 2015 10:59 AM Flag

    Hello John, I must admit that my primary scene did not visualize this sharp drop before at least a bounce. However only the route to my target has slightly changed not the target which remains high/mid 1000s.IMO any significant further damage is limited and a Fibonacci relationship on the waves forming the last bearish leg from 1307 gives 1067.5 as target. I remain flat(no position) vs miners but awaiting further TA data to go long GDX/GDXJ

  • Reply to

    Hang on BH

    by alexgchronis Jul 16, 2015 2:05 AM
    alexgchronis alexgchronis Jul 17, 2015 2:40 PM Flag

    Trader,I respect your judgement and appreciate your thoughts re the fundamentals of commodities. I have stated on numerous times in the past that ,IMO,fundamentals are reflected in the price and ,for myself, the price and TA is all that counts in my trading/investment decisions

  • Reply to

    Hang on BH

    by alexgchronis Jul 16, 2015 2:05 AM
    alexgchronis alexgchronis Jul 17, 2015 12:56 PM Flag

    Thanks, you are correct with your critique of my post and if I have a defense it is that to fully cover both my preferred and alternate scenes with invalidation points is a task that requires more time than I am willing to commit to and additionally would IMO confuse more than help. However I will mention invalidation price for my preferred scene of an Ending Diagonal last pattern from Aug 2013 1434 area.before a significant bullish leg.The1181-1131 descending trend line currently @ around 1080/1090 is my support. A significant violation of such (below 1060) will invalidate my preferred.

  • Reply to

    Yellen Gonna Yell Soon

    by yadayada1957 Jul 17, 2015 8:36 AM
    alexgchronis alexgchronis Jul 17, 2015 12:22 PM Flag

    Thanks Trader for a fundamental perspective that supports the view that at current levels excessive bearishness is not warranted and that better days for spot/miners are not far.

  • Reply to

    Yellen Gonna Yell Soon

    by yadayada1957 Jul 17, 2015 8:36 AM
    alexgchronis alexgchronis Jul 17, 2015 10:24 AM Flag

    Yada, of course your target or even more pessimistic ones are possible,BUT as/if spot is hitting high 1000s, I hope that the bulls are shell shocked in retreat and the bears are drunk with joy. Then I will be backing up the truck and buying.

  • Reply to

    Hang on BH

    by alexgchronis Jul 16, 2015 2:05 AM
    alexgchronis alexgchronis Jul 16, 2015 9:42 AM Flag

    Hello Trader
    The far left ruling Syriza has done the unexpected and caved in to the harsh demands of the EU institutions and will continue to dance to Germany's tune which will be IMO positive for both GREK and NBG at least for the short/intermediate term. Longer term even if the changes, which are needed for the Greek economy, are adhered to the burden of the humongous debt will ultimately lead to repudiation of such and return to the drachma since Merkel has ruled out debt forgiveness . Although I have not looked at GREK/NBG from an EWA view a cautious buy may be profitable. Cautious because this deal may still fall out as other Euro countries may balk with some details or political upheaval locally(a significant number of Syriza representatives were vocally against the deal and Syriza does not have a majority in the Parliament) will derail such.

  • Reply to

    Hang on BH

    by alexgchronis Jul 16, 2015 2:05 AM
    alexgchronis alexgchronis Jul 16, 2015 7:27 AM Flag

    I have neither the time nor inclination to post daily EWA on this board. The short answer is that I expect not a "tank lower" but only slightly lower then rally to around 1160 and the final drop to below 1131 where I will "back up the truck" and load up GDX/GDXJ. Of course I will have my stop loss in case I am wrong. What you or anyone else does is your own personal decision. GL

  • alexgchronis by alexgchronis Jul 16, 2015 2:05 AM Flag

    I have not posted for some time primarily as I had nothing to add to my last thoughts of a new low in spot to low 1100s/high 1000s followed by a significant rally to 1500s. This was predicated on my read that the EW structure was tracing a 5 wave final move from 1434 to a new low below 1131 in the form of an ending diagonal(falling wedge to classical TA).A trend line connecting end of wave 1(1182) to end of wave 3(1131) and extending such will point to the aproximate area of the major buy spot.Additionally 1307 is seen as the start of the 5th and last wave ,itself a 3 wave abc(535) and 1206 as the last 5 of the abc.This last 5 wave move is probably a smaller degree ending diagonal itself and currently we are on the last breaths of wave 3 of such. I would then expect a small upward retrace to somewhere below 1206 as a small 3 wave abc and the start of the last wave to below 1131.
    I realize that to anyone not familiar with EWA the above is probably confusung, but is posted on the chance that someone with EWA knowledge can follow and critique. For all others my bottom line is that we are closing in on a potentially very profitable long spot/miners trade and the validation of BHs perseverance(albeit initiated much too early).
    All above IMO and realization that other EWA interpretations are possible ,so any trades are the individual trader's decision and risk.

  • alexgchronis alexgchronis Jul 1, 2015 12:42 PM Flag

    BH, as I have previously stated, I believe that you started too soon doubling on the way down. Actually I am totally against "doubling" to attain a better average cost however low 1100s/high 1000s would IMO be an excellent place to start small bites in GDX/GDXJ with the expectation that miners will ride up a significant spot bullish move.

  • Reply to

    Good morning losers

    by grm2224 Jun 29, 2015 7:26 AM
    alexgchronis alexgchronis Jun 29, 2015 9:10 AM Flag

    Sick, truly sick, much sicker than I ever imagined.

  • Reply to

    Bears Beware (short term)

    by trader537 Jun 16, 2015 7:50 AM
    alexgchronis alexgchronis Jun 16, 2015 11:50 AM Flag

    Hello Trader,I agree with your longer term bearish projection (bad bull news),but a very significant rally to at least high 1400s low 1500s to follow(good bull news). In my shorter term analysis the last 5 wave impulse to a new low has probably started from 1232 (the first of the 5 waves being 1232-1163 and now on a retrace second wave,1195-1206 target).Such is my preferred.
    My alternate scenario is that the 1245 area still remains to be visited prior to the onset of that last impulse down mentioned above. A strong break of the 1205 level will shift the odds to this.
    JMHO and based on my interpretation of EWA.

  • Reply to

    Bighorn and Alex

    by grm2224 Jun 5, 2015 10:13 AM
    alexgchronis alexgchronis Jun 6, 2015 12:12 AM Flag

    I was going to recommend an ophthalmologist for selective reading,however the specialist that you truly require is a psychiatrist.At least you give a target now for spot and, while I agree with your rational that Fed action does influence trader's emotions, I do not see how you reached the 800 level.

  • Reply to

    Bighorn and Alex

    by grm2224 Jun 5, 2015 10:13 AM
    alexgchronis alexgchronis Jun 5, 2015 11:23 AM Flag

    For the past couple of months my posts have been consistent and correct. I have been looking for a bullish retrace to the 1235-1260 area followed by a last hurrah for the bears to bellow 1130 maybe even high 1000s. The 1232 high is almost a bullseye in my book and currently on the way down,which atm IMO low 1100s DB is more likely than high 1000s.Could this second part prove incorrect? I am certain should that happen you will bombard the board with your usual BS.
    What besides criticizing without offering alternative views have you posted?

NUGT
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