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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8936
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 31, 2011 17:07
gold should have fallen today on the stocks rally, was it a non believer.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Aug 31, 2011 16:57
NYSE internals are weak again on stock rallies. More to do with HFT than investors !
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Aug 31, 2011 16:52
There will be lots more downside ahead imo, caveat is the 2nd May highs must not be exceeded.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Aug 31, 2011 16:47
Today the Dow has slighly fallen short of the 100% sym level but this was clustered with the comparable 50% level at 11682. The high at 11712 fell inbetween the two levels.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Aug 31, 2011 16:43
should SPX continue beyond the 1228 level the next level 127% level at 1257 clustered with 61.8% ret at 1253 of last swing down to the 9th August low. Similar situation in Dow but I don't favour these higher levels
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Aug 31, 2011 16:33
Cityboy,

I alerted the pattern in Dow and SPX is potential ABC corrective up before they both took out their 17th Aug highs. I cant find where I alerted this, maybe in the europhile room. Also alerted on the CMC blog where Ric was highlighting the earlier triangle.

Targets for ABC symmetry at 100% Dow 11745 and 100% on SPX at 1228 (hit today)

Take a look at the CMC blog where I give more detailed analysis combined with Ric's commentary.
Qingyu
manchester, UK
Posts: 1763
13 years ago
Aug 31, 2011 15:09
i am fundamentally believe us stock will keep up, just abolish my wishful thinking yesterday.
Qingyu
manchester, UK
Posts: 1763
13 years ago
Aug 31, 2011 15:06
gold may in a range trading for next several weeks.
Qingyu
manchester, UK
Posts: 1763
13 years ago
Aug 31, 2011 15:05
stock now like a ABC down play, and we are at 1st wave up top, may down test 55dma, or keep up to 13**.
Citiboy
London, UK
Posts: 20
13 years ago
Aug 31, 2011 14:53
Dave with the indices rallying the other day youi mentioned you saw downside to 10300ish before upside. Does this move up in equities mean you will be using an alternate count? If so what does this mean for the Dow? Could we break into the 12k range?
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