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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)
 
Qingyu
manchester, UK
Posts: 1763
13 years ago
May 6, 2011 13:08
i use 02/05 to 03/05 as wave 3, then03/05 to 04/05 as wave 4. i know i may wrong...
Qingyu
manchester, UK
Posts: 1763
13 years ago
May 6, 2011 13:06
oh, yes, i think a little bounce make wave 3 and 4, and 50% fib from 17-49.
Qingyu
manchester, UK
Posts: 1763
13 years ago
May 6, 2011 13:03
anyway, aad right in fundamental, and i guess he already cover his losses this week.

dont know how about his shanghai girl...^-^
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
May 6, 2011 13:01
Silver is terrible for patterns so I look at gold as silver most always direction of gold.

I don't see a wave 4 in silver ? Move down started from 25th April high so waves 1 and 2 done and wave 3 in progress ?
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
May 6, 2011 12:53
Ah, we miss the asad gut ? :-)
Qingyu
manchester, UK
Posts: 1763
13 years ago
May 6, 2011 12:52
in silver 4hr chart, i see 5th wave down from 49 finished. am i right?
Qingyu
manchester, UK
Posts: 1763
13 years ago
May 6, 2011 12:19
seems our friend asad will back soon...^-^
jacek
Melbourne, Australia
Posts: 2579
13 years ago
May 6, 2011 1:46
silver done 34.50.. dead-cat bounce from 100 dma here?.. perhaps reaction to 35.50-36 will tell..
jacek
Melbourne, Australia
Posts: 2579
13 years ago
May 6, 2011 0:34
Dave.. good to see you are riding oil down.. I wish I knew more about that market as it seems to have good trends.. silver shorts done very well yesterday.. and everyone here I hope.. thanks to Ashraf..
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
May 5, 2011 22:50
DaveO
N.Cornwall, UK


"April 21, 2011 11:33 GMT
Member since Jan 2010 Silver as we all know has been extraordinary with vertical development and very shallow rets. All good things come to an end and very often when an impulsive vertical move lacks structure it will fully retrace with equal speed".


Just a reminder I have often made about "structure". Silver now demonstrates the point admirably. This applies to all markets. I once had an incredible 30yr bond short from a long term parabolic high. Not saying silver has made long term high but the point about "structure" is presented here.