As you know I've been talking about Palladium having a parabolic
move and was vulnerable to a fast hard correction. I didn't
talk about it on Monday however I've been covering it the last
couple weeks. Here's the weekly and daily charts, look at
those pullbacks this week! The way to short it was the ETF
PALL, down over 7% today!
maybe, but remember when something finally sells off from a
parabolic condition the correction can be quite fierce and long.
Think of Silver in 2011, Bitcoin recently, the SPX in Jan
2018 last year. Those pullbacks were not quick few day
events. I'd say be picky on buy signals with stops and be willing
to take profits right away
Posted by McFly1985 on 27th of Mar 2019 at 09:16 pm
w00t! I sold my palladium stash 4 days before the reversal.
Mostly luck, but maybe a tiny bit of skill? :) Thanks again for
bringing it to my attention, Matt!
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Palladium follow up
Posted by matt on 27th of Mar 2019 at 06:48 pm
As you know I've been talking about Palladium having a parabolic move and was vulnerable to a fast hard correction. I didn't talk about it on Monday however I've been covering it the last couple weeks. Here's the weekly and daily charts, look at those pullbacks this week! The way to short it was the ETF PALL, down over 7% today!
$PALL - Chart Link
$PALL - Chart Link
PALL - Chart Link
Update: Palladium follow up
Posted by matt on 28th of Mar 2019 at 03:47 pm
PALL - Chart Link - down about 6.25% today. Probably bounce soon but I think a bounce will form a lower high wave B then sell off again
Update: Palladium follow up
Posted by matt on 28th of Mar 2019 at 10:09 am
PALL - Chart Link- and another BIG follow through to the downside on Palladium DOWN another 5%!!
again after a parabolic move, the correction can be very hard, best to not take profits too quickly and let run a bit
Could be time to look
Posted by EdZ on 28th of Mar 2019 at 10:24 am
Could be time to look for a long setup now.
maybe, but remember when something
Posted by matt on 28th of Mar 2019 at 10:25 am
maybe, but remember when something finally sells off from a parabolic condition the correction can be quite fierce and long. Think of Silver in 2011, Bitcoin recently, the SPX in Jan 2018 last year. Those pullbacks were not quick few day events. I'd say be picky on buy signals with stops and be willing to take profits right away
w00t! I sold my palladium
Posted by McFly1985 on 27th of Mar 2019 at 09:16 pm
w00t! I sold my palladium stash 4 days before the reversal. Mostly luck, but maybe a tiny bit of skill? :) Thanks again for bringing it to my attention, Matt!