Gold correction e-wave so far
#11
Posted 16 December 2011 - 02:30 PM
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
#12
Posted 17 December 2011 - 05:07 PM
For myself he is a tad too bullish,
gis
http://www.demeadvil...old_Update.html
#13
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
Posted 26 December 2011 - 01:36 PM
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
#15
Posted 27 December 2011 - 02:12 AM
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
#16
Posted 27 December 2011 - 07:08 AM
#17
Posted 28 December 2011 - 12:59 PM
http://stockcharts.c...amp;a=250844670
#18
Posted 15 January 2012 - 12:54 PM
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
#19
Posted 15 January 2012 - 08:04 PM
#20
Posted 17 January 2012 - 12:57 AM
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