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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8935
Forum Topic:

Gold, Oil & Indices (Equity & Bond Indices)

Discuss Gold, Oil & Indices (Equity & Bond Indices)
 
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DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Sep 7, 2011 12:04
I sold the 1 hr chart at 1865. Making good pattern !
Qingyu
manchester, UK
Posts: 1763
13 years ago
Sep 7, 2011 9:48
before eur/use below 1.37, we cant sey gold at top.
Qingyu
manchester, UK
Posts: 1763
13 years ago
Sep 7, 2011 9:45
gold touch trend line support, keep an eye on it.
chloethebull
halifax, Canada
Posts: 1183
13 years ago
Sep 7, 2011 8:58
hey jacek, i was thinkn the same thing mon night that gold was /might be putting in a dt..just waiting to see if dave confirms this..im still only watchn not quite ready to play gold ..lol..gl/gt:)
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Sep 7, 2011 7:46
DT danger or new high?..
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Sep 6, 2011 19:08
CL futures been leading the cash
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Sep 5, 2011 2:31
If the new low were at 1085 a typical ret would be back up to the 1230 to 1262 area but this is jumping way ahead and pointless.
DaveO
UK
Posted Anonymously
13 years ago
Sep 5, 2011 2:22
Cityboy, wave 5 down in progress is only confirmed if and when the 1102 low (cash) is taken out. 1091 to 1085 is a provisional projection. Should price reverse back up to take out the 1230.70 high the count would be invalidated.

Its best to wait for the next low to be in before making retracement projections, otherwise we are just guessing. This is not an exact science and EW counts are always subject to 2 or 3 alternate scenarios. I have my "preferred" count based upon what pattern is currently telling me and then at least 2 alternate counts at the ready. Don't expect price to go straight down to target levels. We should see 5 waves within on smaller timeframe.
Citiboy
UK
Posted Anonymously
13 years ago
Sep 4, 2011 21:49
Dave can you please explain what the retracement levels will be on the S&P the following as far as possible? Do you have a chart? Would I be right in thinking downleg to 1080 S&P cash with a retracement up to 1135-1153

'We are now seeing the early stages of wave 5 down to a lower low, this would take the form of 5 waves within and once finished we would expect to see a multi day retracement back up to about the 61.8% to 78.6% of the entire move down. Following that the next move down would be very impulsive and will likely trigger much higher gold prices. All subject to confirmation as the structure develops further

Naresh
DaveO
UK
Posted Anonymously
13 years ago
Sep 4, 2011 21:32
Yes platinum demand for all sorts of applications, not least the catalytic convertor for the motor industry. I saw a snippet last week that Obama wants to disband some carbon enviromental regulation on the statute agenda which will cost companies $50bil or so. We don't hear a lot of talk about global warming etc these days. Probably the least of our worries for the next 10 years.
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