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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)
 
said
mulhouse, France
Posts: 2822
13 years ago
Feb 14, 2011 16:53
yes post it daveO schwartzie. you are on the himalaya summit.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Feb 14, 2011 16:48
Larger picture would suggest we shall see min 6.979 assuming we made a low today.

The sym referred to:- 23rd Jan high to 28th Jan low = 3rd Feb high to today low @ 100% ABC corrective
Boli Mekura
Guam
Posted Anonymously
13 years ago
Feb 14, 2011 16:42
Thanks.
And to make it clear regarding this EW sym, you mean the 261.8% of the corrective move which ended at 4.496?
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Feb 14, 2011 16:40
Preferred count would be 5 up from the Oct 10 low followed by ABC down prob completed. Implications are for new highs way above 4.879. If we see that high taken out I shall be happy to post projections :-)
Boli Mekura
Guam
Posted Anonymously
13 years ago
Feb 14, 2011 16:31
So Dave, what is your EWA saying for NG for the ST to Mid Term?
DaveO
UK
Posted Anonymously
13 years ago
Feb 14, 2011 16:29
The technicals on NG are almost a dream with EWA and the last swing down from 4.496 made exact sym at 3.870 today. (3.860 low on my feed)
said
mulhouse, France
Posts: 2822
13 years ago
Feb 14, 2011 16:23
daveo
u can have a black and white whiskey on da house.
said
mulhouse, France
Posts: 2822
13 years ago
Feb 14, 2011 16:21
yes gun
massim taleb. know someone who is fan of him but doesnot speak russian.
Boli Mekura
Guam
Posted Anonymously
13 years ago
Feb 14, 2011 16:14
@catnip
correction:
Trading NG based only on fundamentals is NOT worth it. You have to combine it with sentiment extremes and trade against the majority at risk and riding the squeeze out.
Boli Mekura
Guam
Posted Anonymously
13 years ago
Feb 14, 2011 16:13
@Gunjack
No. I do not dare to touch that. Too risky. Because it is too obvious play and I do not like to play with the herd. I am a contrarian by nature.

But wait. I read a piece on this spread a while ago. Here it is http://www.zerohedge.com/article/it-time-collapse-wti-crude-spread

@catnip
Trading NG based only on fundamentals is now worth it. You have to combine it with sentiment extremes and trade against the majority at risk and riding the squeeze out.