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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
Apr 18, 2011 20:53
My preffered count on weekly chart is the 1249 low was end of Wave 4:C (4 of C). Need to take out the feb high to confoirm count but Dow already took it out !
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Apr 18, 2011 20:51
GS should know, they control NYSE. Questions is, do you trust what they say publicly ?
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Apr 18, 2011 20:47
If you look at 60 min or 240 min chart back from the Feb high you will spot the potential for an inverted H&S if price trecks up from here to finish right shoulder formation. See, I always ready for PPT to step in to hold up asset values.
Qingyu
UK
Posted Anonymously
13 years ago
Apr 18, 2011 20:43
no， recently i only trade within a day. i dont know what is going on since beginning of this year, cant make any long term decision...

i heard GS 1425 target, sound unbelievable.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Apr 18, 2011 20:39
oops, I made an error, did not adjust fibs from the 1302.42 pivot low.

Take 100% sym now at 1285.84 and 127% ext at 1275.74

We did 5 waves down from the 1339.46 high to the 1302.42 low, then corrected back up, then move down today still in progress I would think.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Apr 18, 2011 20:30
you long ?
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Apr 18, 2011 20:30
as for one hour pattern, another move down would be expected in which event will probably breach the 100% sym and test the 127.2% at 1283.43 or thereabouts
Qingyu
manchester, UK
Posts: 1763
13 years ago
Apr 18, 2011 20:29
thank you dave, your comments always helpful.

i wish we can close above 1308.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Apr 18, 2011 20:26
shame SPX didnt make the 100% sym level at 1291.50. Fell 3 handles shy. Had it made that level then high probability for completed correction but jury out now. Above 1322.88 means looking for longs, perish the thought--already !
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Apr 18, 2011 20:19
also vix on its session lows = no real fear.
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