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Posts by "anonymous"
15030 Posts Total by "anonymous":
2
Posts by Anonymous "anonymous":
long e/u 2958 (3)
long u/swish 9342..(2)
wrong ratio of course.....and need a retrace level on e..and close of swish..(or add u/chf at some point for big $ rally..
but high conf in profit...
later
election year affect, QE3, sentiment, will all create a short term environment to push gold through 1800 in spite of central banks' efforts to keep it down. China can't keep their bullion purchases quiet forever.
in that case and the video i would apply for a bartender position.
http://www.youtube.com/watch?v=Mta87MOLhu0&feature=fvwrel
Take a look at the trannies and FDX. I think they look sick with non confirmation on Dow theory. That leads me to looking at weekly crude chart for count to below 77.28, well below. But we must not speculate so far ahead with EW. Lets see what happens next. Your 86 level very pertinent.
One more thing is looking at the fibs from the 24th Feb high to the 28th June low our 78.6% level becomes 70.7% with price hitting on the nail (I missed this, made an error) The 70.7% level plays time and again in crude. That 78.6% level we had was measuring the potential W.3 down when in fact the move down must have been a completed 5 series because this move back up to 100.42 went too high to be a W.4.
How's that for confusion :-)
price of oil keeps on declining toward the 89.5.
the top was marked by a five impulive down what makes serach for a 3-3-5 pattern during month of august which is the case. the 10th of august
it will take weeks to regain the 100 mark. and if 88.15 reached so we enter a bear oil market.