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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
11 years ago
Aug 24, 2013 0:05
Gold GC. My favoured count on the 16th Aug was for gold to make 1441 corrective ABC symmetry. Today saw a high of 1400. The pattern up is confused in as much as the 7th Aug 1272 low may now be a wave 4 rather than a wave B. If it was a W.4 then the W.5 is near termination and unlikely to extend near to the 1441 level before a deeper correction back to 1280's. If it was a Wave B low then the 1441 target will likely be extended to c.1476/86 area. I would expect one or two imminent wide range candles to facilitate this. Herein lies the subjectivity of EWA but it provides clear trading parameters.
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Aug 23, 2013 22:00
Sarkosy a little man with special high heel shoes and big chip on shoulder. Worse still he was outrageously extravagant/corrupt, similar to many EU leaders. Merkel managed to drag him screaming and kicking to her way of thinking but alas Hollande has since undone most of what was agreed.
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Aug 22, 2013 19:14
In reply to Ashraf Laidi's post
It makes sense Ashraf. The only way our respective govnmts can create a modicum of "growth" is to encourage another round of private debt and associated housing boom. It's pathetic.
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Aug 22, 2013 19:11
you bought some of Sarkosy's old high heels ?
Ashraf Laidi
London, UK
Posts: 0
11 years ago
Aug 22, 2013 17:27
To understand why Goldman is the only bank expecting tapering to be entirely in Treasuries & not MBS read this

http://www.cityindex.co.uk/market-analysis/market-news/15900822013/fedtapering-compostion/

Ashraf
Qingyu
manchester, UK
Posts: 1763
11 years ago
Aug 22, 2013 9:16
interesting, recent few days US indices rally on london morning, but lower in US time, often peak at 1pm, except yesterday Fed rally-but-end-low.

i am watching NDAQ 100 retest 3100.
Qingyu
manchester, UK
Posts: 1763
11 years ago
Aug 22, 2013 9:12
my UJ short under water, sl :(
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Aug 22, 2013 0:08
sorry to hear of your loss. Take care of your fresher, I read a fresher was found dead in London today, he omitted to take any sleep. They said he was highly intelligent. RIP.
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Aug 21, 2013 21:45
In reply to DaveO's post
In market profile terms its been extending the volume node created back in Feb/April 2012
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Aug 21, 2013 21:42
CL looking like extended bull flag trading 102.60 to 108.80 range. I'm still looking for 110.50ish unless we break this flag support.

What think you George ?
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