Gold, Oil & Indices (Equity & Bond Indices)

Its been volatile since mid July, and before. We can only do our best with what we have got. Counts can be spurious in these conditions.

my inverted H&S target for 111.85 manifique, actual was 112.24. DaveO da kiddy.

Corrective down in progress since 112.24 high

u mean spx 1603?

oil miss our 111, what do u think next? join the gold?

gold GC, broke the channel support today and kissed the 55 DMA at 1325, current price at 1331. Would need to close back above 1349 level for bullish case but more likely to visit 1320 which is confluence of symmetry with the 70.7% level. This move is too deep for a wave 4 so we have to assume the 1432 was a significant medium to long term high which either completed an almost perfect ABC pattern with symmetry at 1440 or the 1432 ended a 5 wave sequence with Wave 2 down now in progress. The ABC scenario would call for lower low below 1179 or the W.2 in progress scenario would call for higher high above 1432 once the W.2 is completed.

Weekly chart lookin at the bearish count but the jury is out.

zerohedge ?@zerohedge 24m

As a reminder, 60% Of All Home Purchases Are "Cash Only" - A 200% Jump In Five Yearshttp://www.zerohedge.com/news/2013-08-15/stunning-60-all-home-purchases-are-cash-only-200-increase-five-years

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