tag:blogger.com,1999:blog-2643613788950912206.post3746127382106957319..comments2023-09-17T02:33:56.785-05:00Comments on The TSI Trader: BUY ZSL $19.05 -- Silver/Dollar ChartsJohn Townsendhttp://www.blogger.com/profile/13243755287314446656noreply@blogger.comBlogger16125tag:blogger.com,1999:blog-2643613788950912206.post-71557305300072557972011-06-26T11:40:19.592-05:002011-06-26T11:40:19.592-05:00Thanks for the insight as always John.Thanks for the insight as always John.Danhttps://www.blogger.com/profile/06532170043439921989noreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-28867020194439029602011-06-26T06:22:28.944-05:002011-06-26T06:22:28.944-05:00Thank you, John.Thank you, John.head scratcherhttps://www.blogger.com/profile/04538631797389460806noreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-13724296234684451362011-06-25T17:04:17.840-05:002011-06-25T17:04:17.840-05:00hkc - that should work well. Technically I have s...hkc - that should work well. Technically I have since learned that gold's 3 previous intermediate cycles bottomed at the 144 dma. Anyway, I think it more likely that this final cycle bottom at/near the 200 dma - which is only $25 or so dollars lower than the 144 dma. The way this game is played, when everyone thinks the same thing everyone finds out they are wrong. The 200 dma will be the last straw.John Townsendhttps://www.blogger.com/profile/13243755287314446656noreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-64878079657592825112011-06-25T16:56:08.137-05:002011-06-25T16:56:08.137-05:00John:
Do you think GLD reaching 150 DMA a good po...John:<br /><br />Do you think GLD reaching 150 DMA a good point to sell ZSL?hkchttps://www.blogger.com/profile/02293132960240804239noreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-60514199901377676232011-06-25T13:20:35.868-05:002011-06-25T13:20:35.868-05:00Thank you all for contributing your recent comment...Thank you all for contributing your recent comments, observations and questions. We can all benefit from each other - I like that.<br /><br />I think silver has a reasonable shot at reaching the mid 20's next month. I have no idea what ZSL will do hour by hour next week. I have not used TA much in making either of my two purchases of ZSL. <br /><br />TSI and other Technical Analysis tools have not, IMO, been super helpful recently. ie if I had relied on them I doubt I would have a single position in ZSL, let alone a double.<br /><br />Rather, my buy decisions have been influenced strongly by the price pattern action itself. Parabolic top, sharp fall, bullish reaction rally with failure, bear flag rally with failure, and here we are today. Throw in a pennant continuation pattern that likely will fuel downward price behavior.<br /><br />And cycle analysis that suggested this is getting very late in gold's intermediate cycle for a new top, and the strong probablility that it is time to move south toward the final low of the gold intermediate cycle. <br /><br />Also, the notion that the final *daily* cycle of gold's intermediate cycle would be left translated - therefore gold would peek soon if it had not already.<br /><br />And finally, the fundamentals are that Ben said he is going to stop printing money as promised on June 30. His money printing has been holding the markets up. The big boys have been encouraged to go get money at 0.25% interest and then chase assets higher using their fresh cash. <br /><br />No more fresh cash and there is going to be a problem of not small proportion.<br /><br />So both times I just pinched my nose and bought. <br /><br />There will be resistance points along the way for ZSL, of course. Moving averages, trend lines and so on. And ZSL will react to these resistance points by first failing to get through them I imagine. But ultimately I think a person holding this until mid-July will do very well. I hope I do. And I hope you do, as well!John Townsendhttps://www.blogger.com/profile/13243755287314446656noreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-32024221290859411642011-06-25T12:41:25.125-05:002011-06-25T12:41:25.125-05:00John. I too, doubled my position on ZSL. I feel ...John. I too, doubled my position on ZSL. I feel confident re the very short term, but, my overall analysis gives me some real negatives. At first glance I got an objective of $32.70, based on the flag marking the half way point. However, here are some considerations that give caution.<br />1. Weak volume on breakout from flag.<br />2. Negative divergence in Slow STO.<br />3. OBV and A/D are slightly negative.<br />4. Now at upper Bollinger band.<br />5. Bollinger Band width is only average.<br /><br />LorenAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-87894378043378498952011-06-25T09:21:04.700-05:002011-06-25T09:21:04.700-05:00Hi John,
What would be your target price for silve...Hi John,<br />What would be your target price for silver if the dollar index hits the 200dma?head scratcherhttps://www.blogger.com/profile/04538631797389460806noreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-31592576476411165602011-06-25T08:01:05.481-05:002011-06-25T08:01:05.481-05:00Discovered your Blog few weeks back. Routinely ch...Discovered your Blog few weeks back. Routinely check in to read to read your new posts. Thanks for sharing your knowledge.<br /><br />Chris T.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-2367749615920015502011-06-25T05:43:42.497-05:002011-06-25T05:43:42.497-05:00I had a similar temptation to double my position t...I had a similar temptation to double my position too, but I decided against it. I'll wait and see on Monday what happens. Silver seems to rarely do what I want it to!Niknoreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-6143283874432146102011-06-25T05:25:03.263-05:002011-06-25T05:25:03.263-05:00Hi John,
I just stumbled upon your page and insta...Hi John,<br /><br />I just stumbled upon your page and instantly bookmarked it:)<br /><br />Iam a young guy new to cycles and charts analysis. Any good books you recommend?<br /><br />Many thanks for sharing your knowledge and insight!!<br /><br />AndrewAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-28873024673985930492011-06-25T03:15:47.296-05:002011-06-25T03:15:47.296-05:00Hi John,
thank you for your analysis on ZSL. Do yo...Hi John,<br />thank you for your analysis on ZSL. Do you think it would be wise to wait to see what happens on monday or tuesday and thereafter take positions in ZSL. Is the trend for ZSL just UP from now till mid July or could there be a price drop next week which would give us a good entry point.<br />Please elaborate / advice.<br />Thank you once again for your great work and advice.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-48743541822847096622011-06-25T01:20:00.556-05:002011-06-25T01:20:00.556-05:00Thank you Tracy, Anon and Gilbert.
Monty - this i...Thank you Tracy, Anon and Gilbert.<br /><br />Monty - this is the D-wave. If you are a longer term investor with a lot of guts and not much concern for total return, you can hold through it with your silver stocks and by next December be a verified genius. <br /><br />The trading fools, myself at the head of the line, will try to capitalize on the opportunity that we have now for the next 2-3 weeks, then turn bullish at the daily cycle bottom presumably around mid-July.<br /><br />There are so many ways to skin a cat that for anyone to presume they have it all figured out, again, beginning with myself, is a fool.<br /><br />I wish you good fortune and admit I do look forward to the time you concede that indeed I nailed this perfectly. LOLJohn Townsendhttps://www.blogger.com/profile/13243755287314446656noreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-27568182404707495332011-06-25T00:47:38.973-05:002011-06-25T00:47:38.973-05:00good evening john,
I thought you might have ...good evening john,<br /> I thought you might have taken profits on ZSL today only to learn you bought more. I think it's fair to say silver will probably drop a little more and I'll probably have to adjust my trendline. It looks in danger or breaking down though. I'll just have to hold my breath and watch and hope my silver mining stocks don't get hurt too badly. ECU was just starting to look good. M-Montyhttps://www.blogger.com/profile/04208974431161689537noreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-48359094271250183232011-06-24T17:56:20.504-05:002011-06-24T17:56:20.504-05:00Thanks John,
I really appreciate, you help.
Rega...Thanks John,<br /><br />I really appreciate, you help.<br /><br />Regardgilbert500https://www.blogger.com/profile/06610701679491144127noreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-4111618588106315492011-06-24T17:27:10.258-05:002011-06-24T17:27:10.258-05:00Thanks for the insights John.Thanks for the insights John.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-81150325144307232932011-06-24T16:25:15.440-05:002011-06-24T16:25:15.440-05:00Thanks a lot for the update. I hope i can cover s...Thanks a lot for the update. I hope i can cover some losses. Please keep update.<br />TracyAnonymousnoreply@blogger.com