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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
Aug 12, 2011 18:42
Crude following stocks as previously envisaged.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Aug 12, 2011 18:34
Mkts in passive mood today. Stocks well up on very mediocre breadth and volume, so far doing as expected for a s/t ret. SPX HOD at 1189 with the next signif level at 1195 (38.2% ret for W.3 or 3:3)

Gold also doing as expected with inverse correlation for the time being. Pattern on 1hr t/f suggestive of downside levels at 1695 to 1674 the 38.2% level being in the middle at 1685.6, basis futures. Above 1771 might change perspective, current price 1743 and LOD 1726.

Silver has remained stronger though still in no-mans-land.
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Aug 12, 2011 15:47
h&s targets 1660-80..
jacek
Australia
Posted Anonymously
13 years ago
Aug 12, 2011 15:17
thx dave.. point taken.. yes we aussies can come across a bit insensitive and intolerant at times.. but hey trading is not for wimps.. with serious consequences for foolish and arrogant..
http://www.youtube.com/watch?v=_iRmOc10SMw
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Aug 12, 2011 12:53
jacek, you are a very hard working trader and you know your systems. We have a lot of polish folk in the uk and they have a strong reputation for being reliable diligent workers, we also remember WWII and the incredible contribution your home land made. I see you as very insensitive and intolerant toward other forum participants, their language barriers, their level of trading experince, their opinions. I know AUS is a tough country with tough peoples who tend to be very outspoken and do not generally mince their words, especially toward winging poms for example lol.

This platform is London based (I think) but we have all nationalities particpating or daring not to participate !!! I hope you will consider moderating some of your natural aggression. Jokes for you do not always come across as jokes and we should remember that 90% of human beings are "sensitive".
Qingyu
manchester, UK
Posts: 1763
13 years ago
Aug 12, 2011 12:46
well, btw, you taught me a lesson of australian etiquette.

Thank you!
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Aug 12, 2011 12:37
bhglitter, my opinion (analysis) on gold has not changed since last post and I think it is still broadly inversely correlated with stocks whereas gold's natural state is positively correlated with stocks.

Making new all time highs means it is in uncharted waters for analysis so this makes upside projections less than objective ! Downside correction is well overdue but nothing is ever certain.
bhglitter123
dubai, United Arab Emirates
Posts: 36
13 years ago
Aug 12, 2011 12:06
lol daveo im at cross roads.. confused where gold could go... potentially that pullback could be aimed for 1888 or it could be a major pullback... whats your opinion ?
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Aug 12, 2011 11:14
ok teddy.. A-Level phycology you say.. now i understand the teddy thing.. good like with your predictions.. i don't do these so you have nothing to teach me..
subway90
Posts: 1078
13 years ago
Aug 12, 2011 10:48
jacek...

seems most people are not amused with your comments... maybe something you should think about over the weekend....
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