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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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Gunjack

London, UK

Posts: 1184

13 years ago

Jan 5, 2011 14:01

I'm watching is 87.5...if we breach that could see CL hit the mid 86s quickly and will close rest of my puts around there.

@DaveO -I never studied EWT but have been told we are in a 5th wave (whatever that means)...how does that normally play out? thx!

asad

London, UK

Posted Anonymously

13 years ago

Jan 5, 2011 13:38

Dave OOOOOOO,

Gut, channeled though vibes... :p

Asad

asad

London, UK

Posted Anonymously

13 years ago

Jan 5, 2011 13:37

Qingyu,

CL didn't breach 88 today?! What contract are you trading?

Asad

catnip

Frankfurt, Germany

Posted Anonymously

13 years ago

Jan 5, 2011 13:30

I am not sure about US stocks...neutral NAS100 may even go up after ADP but for sure short EZone stocks . The stagflation spiral speeds up due to german panzer stubbornness
CPI up wages down... austerity...

Qingyu

manchester, UK

Posts: 1763

13 years ago

Jan 5, 2011 13:05

thank you, dave

DaveO

N.Cornwall, UK

Posts: 5733

13 years ago

Jan 5, 2011 12:59

Ashraf, I can go along with your forecast, stocks way overdue some downside.

Qingyu, certainly possible !

Ashraf Laidi

London, UK

Posts: 0

13 years ago

Jan 5, 2011 12:50

MANY HAVE THEIR OWN REASONS for why stocks may be facing a pullback soon. Readers of my website and my book Currency Trading & Intermarket Analysis are familiar with the use of the Gold/Oil Ratio and its inverse relationship with global equity indices. Based on my studies of the weekly and daily technical in the Gold/Oil ratio, I am expecting a pullback of 3-5% in the S&P500, revisiting the previous top at 1,230. This is likely to translate into an extended decline in EURUSD towards $1.3050 and a retreat in AUDUSD towards 0.9770.

Ashraf

Qingyu

Posted Anonymously

13 years ago

Jan 5, 2011 12:42

dave, crude down to 87.97, is it possible reach 87.5-6 before rebound?

DaveO

N.Cornwall, UK

Posts: 5733

13 years ago

Jan 5, 2011 12:04

Above 89.45 would confirm

DaveO