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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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said
mulhouse, France
Posts: 2822
14 years ago
Mar 11, 2010 22:22
rrose

i dont want to mislead you but i turned the chart on diferent time scale and to key to unerstand this downturn since begin march is from the top the third of march till the fourth at 2pm. its a three wave and if i were to follow you at 1080 it would have been in five waves
rrose
United States
Posted Anonymously
14 years ago
Mar 11, 2010 22:20
sydney are you still short from march 5 (when you posted your going short) if yes i would suggest you stay short
sydneyjames
Sydney, Australia
Posts: 348
14 years ago
Mar 11, 2010 22:13
so gold is on its way up to 1150? then back to 1020?
said
mulhouse, France
Posts: 2822
14 years ago
Mar 11, 2010 22:07
rrose

do u know that this part of a scenario for forecasted level of 800 dollar an ounce. its early stage.
check again begining december ur counting especially the first wave and ur five wave down to 1048 could be the fifth wave

the key in the countin lies during this period of time
29 october 2008 at 774.7
till 5 december 2008 at 741.4
this peiod helps deciphering the overall trend
rrose
United States
Posted Anonymously
14 years ago
Mar 11, 2010 21:54
yes
chloethebull
Posted Anonymously
14 years ago
Mar 11, 2010 21:51
rrose, are u refering to ashraf take that risk appitite appears at the beggining of the week the disappears @ the end...if so, hopfully it plays out for us
rrose
United States
Posted Anonymously
14 years ago
Mar 11, 2010 21:51
this is how i see the chart daily start dec high 1225 count down 5 waves till 1074 dec22 then a b c wave up to 1160 jan 12 then 5 wave down to 1048 feb 5 then a a b c big correction up to 1143 now we might start a 5 wave down and it could go to 1020 level ashraf has talked about some say it is a head and shoulder in a head and shoulder to 1080 i see the trend line i showed to confirm that
said
mulhouse, France
Posts: 2822
14 years ago
Mar 11, 2010 21:46
rrose

i got the trend line but i doubt on ur timing
said
mulhouse, France
Posts: 2822
14 years ago
Mar 11, 2010 21:39
rrose
i also doubt but my reasoning tells me to keep the cap higher. since the 25th of feb i follow my common sense on charting
i always work on two scenrio and i dont exclude yours at 1080 but the timing is different.

Look i still expect rise in dow jones
SP at 1070 by next week.
all this must be gold positive

its easier for me for the moment to commoent and forecast because i dont trade what i forecast for the moment but i am not here to show the wrong path and nobody is here for that.
i am stuborn and that pays.
said
mulhouse, France
Posts: 2822
14 years ago
Mar 11, 2010 21:33
rrose
have a one month chart hourly
then take the time frame i gave u and follow

me i see a three wave pattern maybe if u have a more accurate chart than CMC u might see a five wave pattern dur ing this time frame
tell me what u think
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