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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 22, 2011 15:57
yeah subz I agree your Dow comments. My preferred count is more downside first to make new low below 10604 but as always I can see two alternates :-)

@Trading, I work pattern recognision intergrated with volume (MP), symmetry, fibs. Also watch some correlation charts.
subway90
Posts: 1078
13 years ago
Aug 22, 2011 15:45
Dow's bullish bias turned neutral by breaking below 11300 level.... and if 10350 level breaks... it will actually turn negative and will wake up the real bears..... Dow needs to close back above 11500 on weekly for any chance of bulls to return and push Dow higher to 12250/300 level....

while US equity was losing this much ground in the past few weeks... USD remained quite weak within the range... in the past... USD would have gained in this case... but i guess it's not the case this time...

so this time round... if double dip ever comes and equity market dips... we may not see USD gaining accordingly....
Trading
LONDON, UK
Posts: 57
13 years ago
Aug 22, 2011 15:37
Dave, geometrical targets in a bull market are always going to be hit. What are you doing ABCD equidistant moves or something?
subway90
Posts: 1078
13 years ago
Aug 22, 2011 15:34
Dave...

i'd say most traders use them.... maybe except CAT and his few followers... :)
subway90
Posts: 1078
13 years ago
Aug 22, 2011 15:32
Trading...

as far as i know... Cygnus remains USD bull and expecting USD to significantly strengthen in coming years.... if his bet on that assumption materializes... i guess it will work out for him....
but i have my doubts above USD and see it moving lower in coming years... looking at the USDx chart... i still remain quite negative and see much more downside.... until i see clear signal that USD has bottomed... not betting on USD strengthening anytime soon....
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Aug 22, 2011 15:26
well in gold, regardless of the math arguments it made my next target published a few days ago at 1894/95. Geometrical target. How funny is that cat ? How come these geometrical targets play out time and again for reactions or reversals ? Perhaps enough traders use them.
Sir Ignore
United States
Posts: 3068
13 years ago
Aug 22, 2011 15:21
right Q.!
Qingyu
manchester, UK
Posts: 1763
13 years ago
Aug 22, 2011 14:42
investment? who talk about investment. we are speculator.
Trading
LONDON, UK
Posts: 57
13 years ago
Aug 22, 2011 14:20
Ok, so you admit that all things equal, just by holding treasuries you are losing 1.6%?
Any apperciation in capital of the USTs is cancelled out by the fact the the money they are valued in is being devalued.
How is that a good investment?
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Aug 22, 2011 13:36
all targets met in gold.. but only 44 in silver.. the reversal might have already began.. just need a little more confirmation..
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