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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)
 
Qingyu
manchester, UK
Posts: 1763
13 years ago
Aug 8, 2011 16:29
btw, i cant count the small wave in big wave properly, so i decide use key event as entry point...or fib sometime...

a poor bear decision decide system...@_@
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Aug 8, 2011 16:25
GC is good for analysis purposes but not 24 hr. You can use the continuous contract on gold like YG #F but you might as well stick with the spot forex broker quotes so long as you allow $1 to $2 between our analysis/target levels for tolerance. We are splitting hairs here !
Qingyu
manchester, UK
Posts: 1763
13 years ago
Aug 8, 2011 16:24
yes, dave, but that guy dont know...:)
confused
toronto, Canada
Posts: 1
13 years ago
Aug 8, 2011 16:22
DaveO,

Agree with your S&P viewpoint.
Just missed this bounce from 1150.
Any targets for this '4 of 3' and for '5 of 3'?

Thanks.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Aug 8, 2011 16:18
CBOT mini futures for me. All gold futures traders know these symbols. Do you want the large contracts ?
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Aug 8, 2011 16:17
and PE ratios on stocks are still way over valued. Need to revert to their mean at some point in time.
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Aug 8, 2011 16:16
that's what f**k I mean.. ok so I got the exchange wrong.. u need to chill off Dave..

Description/Name MINI SIZED NY GOLD FUTURES
Symbol YG
Exchange NYSELIFFE
Contract Type Indices/ETFs
Country/Region United States
Closing Price n/a
Currency U.S. Dollar (USD)
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Aug 8, 2011 16:06
Yes irritated granpa, never angry :-)
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Aug 8, 2011 16:05
Qingyu, SPX has gone well below the typical maximum retracement for a 3 wave ABC simple corrective. This implies the 3rd wave is a wave 3 and NOT a wave C. Thought I had already alerted this !?

Look for wave 4 up and wave 5 down to lower lows once wave 3 is completed. Right now I only see wave 3 of 3 so we will be looking for wave 4 of 3 and then wave 5 of 3 before a larger retracement for wave 4 up. Then we will look for larger wave 5 down which will complete the larger wave 1 down :-)
Qingyu
manchester, UK
Posts: 1763
13 years ago
Aug 8, 2011 16:05
angry grandpa...

:S