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Gold correction e-wave so far


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#11 gismeu

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Posted 16 December 2011 - 02:30 PM

Hi,

I am an EW novice, but keen to learn, so here is an attempt
on the Gold futures, 15 min chart with yesterday's low as the end
of wave C. Does not have to be the end, but for now I assume that.

http://i931.photobuc...utures15min.jpg

gis
If you can't buy Happiness, STEAL IT!

#12 gismeu

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Posted 17 December 2011 - 05:07 PM

Just read his Saturday report and thought not everyone here might know of him.
For myself he is a tad too bullish,

gis

http://www.demeadvil...old_Update.html
If you can't buy Happiness, STEAL IT!

#13 cedartree

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Posted 18 December 2011 - 11:37 PM

Hi,

I am an EW novice, but keen to learn, so here is an attempt
on the Gold futures, 15 min chart with yesterday's low as the end
of wave C. Does not have to be the end, but for now I assume that.

http://i931.photobuc...utures15min.jpg

gis


Hey gismeu, that's pretty good! And if we have indeed turned the corner, we should soon be over 1600 again after first doing an abc correction that doesn't take out the 1562 low. If we take out 1562, then we might be in wave 5 of C down.

#14 stubaby

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Posted 26 December 2011 - 01:36 PM

EW Alternatives - (Charts will update automatically)


Primary Count:
http://stockcharts.com/c-sc/sc?s=$GOLD&p=D&yr=1&mn=0&dy=0&i=p75242258115&a=251439079&r=362.png

Alternative 1 (Wave 5 ahead to complete corrective):
http://stockcharts.com/c-sc/sc?s=$GOLD&p=D&yr=1&mn=0&dy=0&i=p75242258115&a=251442954&r=778.png

Alternative 2 (Contracting Triangle):
http://stockcharts.com/c-sc/sc?s=$GOLD&p=D&yr=1&mn=0&dy=0&i=p75242258115&a=251890507&r=36.png

Alternative 3 - The most Bearish outlook (Wave 5 of 3 then 4 and 5 to complete corrective):
http://stockcharts.com/c-sc/sc?s=$GOLD&p=D&yr=1&mn=0&dy=0&i=p75242258115&a=251901389&r=7696.png


Bottom Line - Hold & Add to Gold and Gold Miners as a "Intermediate-Term" Low is forming!


stubaby B)

#15 dougie

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Posted 27 December 2011 - 02:12 AM

You do beAUTIFUL Work stu
I like alt 2 cycle wise

EW Alternatives - (Charts will update automatically)


Primary Count:
http://stockcharts.com/c-sc/sc?s=$GOLD&p=D&yr=1&mn=0&dy=0&i=p75242258115&a=251439079&r=362.png

Alternative 1 (Wave 5 ahead to complete corrective):
http://stockcharts.com/c-sc/sc?s=$GOLD&p=D&yr=1&mn=0&dy=0&i=p75242258115&a=251442954&r=778.png

Alternative 2 (Contracting Triangle):
http://stockcharts.com/c-sc/sc?s=$GOLD&p=D&yr=1&mn=0&dy=0&i=p75242258115&a=251890507&r=36.png

Alternative 3 - The most Bearish outlook (Wave 5 of 3 then 4 and 5 to complete corrective):
http://stockcharts.com/c-sc/sc?s=$GOLD&p=D&yr=1&mn=0&dy=0&i=p75242258115&a=251901389&r=7696.png


Bottom Line - Hold & Add to Gold and Gold Miners as a "Intermediate-Term" Low is forming!


stubaby B)



#16 tradermama

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Posted 27 December 2011 - 07:08 AM

Hi Stubably, Thanks for your great charts. Could you please do similiar count on GDX? Wouldn't miners bottom first before gold? Thanks again. TM

#17 dougie

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Posted 28 December 2011 - 12:59 PM

an alternate drawing of your 2nd alternate counte; today would be lows
http://stockcharts.c...amp;a=250844670

#18 stubaby

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Posted 15 January 2012 - 12:54 PM

All that can be said "for certain" is that nothing is certain at the moment:

Positives
•Commitment of Traders (COT) Reports are positive for both Gold and especially for Silver - http://nowandfutures...ages/cot/GC.png http://nowandfutures...ages/cot/SI.png
•Sentiment is extremely negative - http://www.goldalert...gold-sentiment/
•A strong move up off the print low of December 29th

Alternatives
1.Completeing Wave 4 of C of ABC now with wave 5 of C ahead (print above 1,667 would eliminate this count) 30%
http://stockcharts.com/c-sc/sc?s=$GOLD&p=D&yr=1&mn=0&dy=0&i=p75242258115&a=253755810&r=177.png


2.Completing Wave B of ABC now with the entirety of Wave C ahead (most bearish targeting 1,440 - then 1,272) 20%
http://stockcharts.com/c-sc/sc?s=$GOLD&p=D&yr=1&mn=0&dy=0&i=p75242258115&a=251439079&r=759.png


3.Wave 5 of C of ABC complete at 1,523.90 - in early stages of new impulse move higher 30%
http://stockcharts.com/c-sc/sc?s=$GOLD&p=D&yr=1&mn=0&dy=0&i=p75242258115&a=251442954&r=697.png


4.Wave D still "in progress" up to 1,750 to be followed by E (ending above December low of 1,523.90) 40%
http://stockcharts.com/c-sc/sc?s=$GOLD&p=D&yr=1&mn=0&dy=0&i=p75242258115&a=251890507&r=901.png


If (count 4 above) Wave D is still "in progress" it could end here, but for "the right look" should move near 1,750, which is what I would expect. If we move down "hard" from here - this count will probably move to the "low probability pile" as will count 3 and counts 1 and 2 above will move up in probability.

Bottom line - whether the low is in or somewhat in front of us at lower prices - this is the time to accumulate for the next move up, which should be the most powerful leg of the Gold Bull Market over the next 2-3 years!

Good Luck.

stubaby :D

#19 dougie

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Posted 15 January 2012 - 08:04 PM

wow; lovely work there will be a wonder to watch what unfolds , and we should know the probable outcomes over the next month or two

#20 dougie

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Posted 17 January 2012 - 12:57 AM

adds up to 120%

All that can be said "for certain" is that nothing is certain at the moment:

Positives
•Commitment of Traders (COT) Reports are positive for both Gold and especially for Silver - http://nowandfutures...ages/cot/GC.png http://nowandfutures...ages/cot/SI.png
•Sentiment is extremely negative - http://www.goldalert...gold-sentiment/
•A strong move up off the print low of December 29th

Alternatives
1.Completeing Wave 4 of C of ABC now with wave 5 of C ahead (print above 1,667 would eliminate this count) 30%
http://stockcharts.com/c-sc/sc?s=$GOLD&p=D&yr=1&mn=0&dy=0&i=p75242258115&a=253755810&r=177.png


2.Completing Wave B of ABC now with the entirety of Wave C ahead (most bearish targeting 1,440 - then 1,272) 20%
http://stockcharts.com/c-sc/sc?s=$GOLD&p=D&yr=1&mn=0&dy=0&i=p75242258115&a=251439079&r=759.png


3.Wave 5 of C of ABC complete at 1,523.90 - in early stages of new impulse move higher 30%
http://stockcharts.com/c-sc/sc?s=$GOLD&p=D&yr=1&mn=0&dy=0&i=p75242258115&a=251442954&r=697.png


4.Wave D still "in progress" up to 1,750 to be followed by E (ending above December low of 1,523.90) 40%
http://stockcharts.com/c-sc/sc?s=$GOLD&p=D&yr=1&mn=0&dy=0&i=p75242258115&a=251890507&r=901.png


If (count 4 above) Wave D is still "in progress" it could end here, but for "the right look" should move near 1,750, which is what I would expect. If we move down "hard" from here - this count will probably move to the "low probability pile" as will count 3 and counts 1 and 2 above will move up in probability.

Bottom line - whether the low is in or somewhat in front of us at lower prices - this is the time to accumulate for the next move up, which should be the most powerful leg of the Gold Bull Market over the next 2-3 years!

Good Luck.

stubaby :D