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Message: Re: TRX Cycle
1
Jun 21, 2011 02:51PM

Yes! I did say a monster move potetntially to 60 in the next 6-9 months. The potetntial is there.

At the same time, the potetntial for a gold collapse is also there and that monster move would probably fizzle into a scenario where TRX does not move much from here but the rest of the PM sector takes a beating.

TRX is not supernatural. It does behave quite predictably according to T/A.

The point to remember right now this instant is that until we breach 7.50 convincingly we have as of yet nothing. This means that TRX stays above 7.50 once and for all and becomes support. That TRX goes above 7.50 for a few hours or days does not count.

Once that happens, TRX' all time high has to be breached once and for all just like 7.50. Once the all time high is breached permanently, then we have the makings of a productive turkey shoot. Until then we have nothing. Zero.

These moves need to happen in the next few days in order to keep on the chart's timeline. If it does not then the other scenario where gold takes a beating 150-300 bucks would rear its ugly head.

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Jun 21, 2011 04:25PM
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Gil
Jun 22, 2011 10:06AM

Jun 22, 2011 12:04PM
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Jun 24, 2011 01:34AM

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Gil
Jun 24, 2011 11:59AM
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