Gold, Oil & Indices (Equity & Bond Indices)

http://www.youtube.com/watch?v=Q0rRvfwrrGc&NR=1

one can expect a pretracement pulback as some market predictor are expecting
my EW counting and RSI indicator shos me that a major support is coming underway that is gonna create a pullback lasting a week or two.
after the sentiment are negative till july. i expect end july august to be a good months that might show us some impetus in the market and higher prices.
ahving three scenario on EW since economic stimulus began in the us one scenario is telling me that we can be in a wide range for an extended period of time ie for some three years
the others is more optimistic and rely on the asumption that we went out of crisis in march 2009 when the first stimulus was put in place.
i already told that the political agenda in september and 2012 is gonna create a hole filled by market sentiments that the worst is over but at the corner BEAR GUYs like TICE are still waiting to heavily short the market.
1.1650 is major support for EURUSD that represent the upslanting trend line back october2000. my counting gives me a pullback to the 1.50 level but i will follow continuously, when it will reach this level, the pattern that is gonna be under formation to check if a breakthrough on the down side will occur

as for gold i do disagree with ashraf sight on an imminent correction but i will postpone it .
the correlation as he says is in commodities currencies such as aussie but even aussiei i still see some upside potential.

@asad do you think CL could pop to the high 70s, or are you shorting gain?

"What you own will deflate. What you need will inflate".

Sounds somehow like a biblical prophecy ... or Mayan ?
But unfortunately it is logical i.e. consequent.
A lot of shoes have already dropped and given the amount of debt Europe is not too big to fail.

"What you own will deflate. What you need will inflate".
Scary thought.

catnip, agree with you we're in for a period of deflation, however not everything will be falling in price - there will still be some inflation in necessities such as food. Gold IMO will not be immune to a sell-off in this environment. A re-trace to around $1000-1100 range should be expected within the next few months. If the equities sell-off spirals further I can even see gold sell off to below $900. More and more I'm coming to the view that Bob Precter has been correct all along - his timing has been off due to the massive stimulus of governments that have sealed the leak with sticking plaster but finally the time for Precter's warnings are about to manifest in a global depression - unique few months are about to take place which will change sentiment for ever in all assets. The only place to hide is in cash.