benito99

benito99

Lumber has been coiling in a B wave triangle for the last 3 months, but looks ready to resume it's ascent to the grey box. My prediction is 450-480 by the end of the year (October at the earliest).

benito99

MacD is screaming huge negative divergence, but gold seems to want to make one more high and may temporarily break 1345 before consolidating. My WAG is GDX makes a double top then retraces to the 23 range by first week in March, then it blasts up to the 31 range by first week in April, before a trip to the 17's.

benito99

THE SECOND WHITE X AT 16.50ISH MARKS THE START OF THE NEXT UP CYCLE. TIMING IS +/- A MONTH.

benito99

I POSTED A CHART SOME TIME AGO WITH A PREDICTION FOR THE BOTTOM OF THIS DECLINE AT 17.83. I NOW EXPECT A REVERSAL IN THE NEXT FEW WEEKS, STARTING VERY SOON. HOWEVER, THIS WILL NOT BE THE OVERALL BOTTOM, AS I EXPECT A TRIP TO THE 30'S (ALT 4 ON ORIGINAL CHART), BEFORE FURTHER DECLINE TO AROUND THE SAME LEVEL (DOUBLE BOTTOM). A DECLINE INTO THE TARGET BOX SHOULD...

benito99

My take on GDX - when it will bottom and roughly when.. Once red 4 is complete, wave 5 promises to be big and fast, and will eclipse the high of wave 3. In the very short term there is potential for an upturn to roughly 30, but my primary is that we make our way to the target zone more or less from here. Once The downtrend is complete and the uptrend starts, I...