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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
Nov 17, 2010 21:02
said, so yer reading my W4 a wave B at 1376.50 ? ABC symmetry on that basis at 1308. My preferred count ignoring fundamentals is for this move to be 5 series impulse, i.e all of a Wave A or a W.1. Implications more bearish of course. Always good to have at least 2 alternates !
said
mulhouse, France
Posts: 2822
13 years ago
Nov 17, 2010 20:27
daveo
we r in fifth leg down of C waves of ABC so my stop loss of 1327 might be reached.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Nov 17, 2010 20:19
Gold on 60 min chart could now have finished its wave 4 of 5 correction with 5 of 5 down to come to complete the first leg on daily chart. What ya think Said ? Have to ignore the 55MA daily support.
said
mulhouse, France
Posts: 2822
13 years ago
Nov 17, 2010 19:44
for the one who want to be in the auto industry
expect some 15 dollars on GM ipo
Ashraf Laidi
London, UK
Posts: 0
13 years ago
Nov 17, 2010 19:15
Gold fell from 1370s to 1330 but still no 1320. anticipated in article.

Catnip, yes S&P500 viable to reach 1135-40.


See the 3 reasons in latest IMt on why current risk aversion is diffferent from this Spring.

Ashraf
said
mulhouse, France
Posts: 2822
13 years ago
Nov 17, 2010 19:12
1330 is gold support for trend line so i would post a buy position at this level with stop loss at 1327.
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Nov 17, 2010 18:29
the small pos trad on XAUUSD long did well bought 0.4 sold 0.57
imo XAU and commodities and USD hinge all on PBOC hike if that should come 0.25% up
good bye gold & commoditiy & stock bulls ..cruel world... and hello USD bulls
said
mulhouse, France
Posts: 2822
13 years ago
Nov 17, 2010 14:30
possibility to see gold at 1283 with euro corrrelation
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Nov 16, 2010 18:41
well.... i miss the black cat crossing your path from left to right... but agreed i don't believe in a big gold recovery anymore. FED paddles back a bit PBOC may hike soon and tighten reserves further. Not a good environment for gold. Neither for stocks.
DaveO
UK
Posted Anonymously
13 years ago
Nov 16, 2010 18:18
chart astrology tells me that W.5 was = to W.1 at 1334. However the pattern on 60min T/F does not yet look complete. Needs a minor correction up followed by another move down to complete this leg.
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