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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8936
Posted: Feb 22, 2010 5:00
Comments: 8936
Forum Topic:
Gold, Oil & Indices (Equity & Bond Indices)
Discuss Gold, Oil & Indices (Equity & Bond Indices)
high inventory of coffee in brazyl.
Maybe stocks need one more push to new highs before one of two options commences. Option 1 is deep correction of at least 50% over short period of maybe 3 years. This is the preferred option. Option 2 is prolonged period of broadly sideways action for maybe 8/12 years. Making predictions is fun so long as we don't take ourselves too seriously.
Member since Jan 2010
u might have 100% sym pattern to 1686.65. there is strong confluence of support at c.1665 and short term resistance at 1722
Gold bombed straight through the 1686 level we pinpointed. High probability it will react at the 1665/68 level next.
SPX made its major support at 1397 on a hour basis the 25th so NPF will it move quite importantly.
on a daily basis from the top at 1465 the 14th we drawn a ABC formation till the 1397 mark.
by next one scenarii is a daily close between 1404 and 1410 and then we can recalculate the major support.
i keep my view on a bullish scenario for 1545 by year end.