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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
11 years ago
May 23, 2013 10:13
Gold retraced exactly 50% of the last daily swing down from the 1487 high to 1336 low but it did not make pattern symmetry which lies at 1422. Thus the pattern up could be only abc:A with B in place at 1336. Jury out -----

61.8% would be at 1430 for next potential resistance coinciding with new 100% symmetry
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
May 23, 2013 9:30
In reply to DaveO's post
SPX etc, False break on the 127.2% targets, now looks like reversal in play.
Qingyu
manchester, UK
Posts: 1763
11 years ago
May 22, 2013 21:01
let me guess, 0700/2030 ramp is back. :D
Qingyu
manchester, UK
Posts: 1763
11 years ago
May 22, 2013 18:30
In reply to cat0nip's post
hehe, summon bear works. :D
Qingyu
manchester, UK
Posts: 1763
11 years ago
May 22, 2013 9:52
In reply to DaveO's post
yep, alway trust our agent in jackson hole. :D
cat0nip
Frankfurt, Germany
Posts: 1632
11 years ago
May 21, 2013 22:09
In reply to DaveO's post
i am short s&p 1674 with enough significance level markets go down
before Ben's address or move sideways with an overall down slope
I expect Ben will bring more uncertainty then confidence so the FOMC minutes will give the direction ( most possibly to 1707- 1711)
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
May 21, 2013 21:10
Dow, SPX etc new highs again.

SPX looks like last leg up commencing the 1343 low made on the 16th Nov. It has exceeded the level at which W.5 = W.1 at 1643 and now flirting with the 127.2% extension at 1671.80. The high today was 1674.93 so my guess is further upside to 161.8% at 1709. That should about cap for a few yrs at least :-)
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
May 21, 2013 20:20
In reply to Qingyu's post
on spy mission.
Qingyu
manchester, UK
Posts: 1763
11 years ago
May 21, 2013 18:14
i know that, thought he gonna say something about the auction.
Qingyu
manchester, UK
Posts: 1763
11 years ago
May 21, 2013 16:41
cat, still stuck in washing machine? :D
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