Gold, Oil & Indices (Equity & Bond Indices)

project fibs for the 114.83 high to the 94.63 low. I use 38.2%, 50%, 61.8%, 70.7% and 78.6% for broad standard range. There is sometimes a use for 23.6% and I can filter out the higher levels for certain counts. 70.7% is not so well known but plays in certain symbols, crude being one. In fact the crude high at 114.83 was a quick spike through 70.7% from the all time high to the 33.25 low which I alerted in advance but dunno if anyone pays attention :-) That coincided with 161.8% ext level also alerted in good time.

Guys are generally more interested in signal calls than the actual analysis behind the signals. Shame on them I say. Boasting profits is an irrelevance. Its what produces profits that matters imo.

Gunjack, Its not so much the 50% level as the confluence of that level with the 100% symmetry in the current retracement pattern. I reckon the move down from the 114.83 high saw a less than perfect 5 wave series down so my preferred count at mo is correction up in progress to make a lower high. 50% or 61.8% would be fairly atypical but also remember I said crude likes the 70.7% (108.91). Both of the sym levels happen to coincide with 50% and 61.8% rets (sym levels 100% and 127.2%). Clusters are more powerful than isolated fib levels as yer know. I am looking at 120 min or 60 min t/f for this as the daily was just straight down. Alternate count is we only completed 3 waves down so this ret is only wave 4 which means should not travel as high as 70.7% ret. In fact I don't like wave 4 idea now because badly exceeding typical time zone.

Interesting spike last night to 103.40, only for the big boys to then drop the hammer and flush out the weak longs into the pit close, some serious mindf*k games going on there, considering now CL is hovering under 101. Only a matter of time before 10470s and 105 is re-tested

Dx failed to make progress closing above the trend resistance today but dearth of eco stats.

One has to admit GS calls were eventually precise . Now GS made a long call on wti and brent and it works ,too. What is going on at GS?