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Second Seasonal Bernstein SELL


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#1 thoughtpwr

thoughtpwr

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Posted 19 January 2004 - 08:36 PM

A second seasonal sell signal is due to take place on the close of 1/20 (nearest date to 1/18 actual date). This is a repeat of the first signal from 1/12. However, I would expect this one to conclude wave c of A, with the B wave making a new high. Although the date on both of these signals is suppose to extend to ~ 3/9, I suspect we oscillate over that time frame. I base this on the fact that silver is suppose to be strong into 2/9. In addition, I base this on my belief that GG will not move that much lower (12-12.5). I would like the XAU to get to 87-90 at that same time. I will then depend upon a MACD/RSI divergence on the 15 min or hourly to confirm that. Does anyone have a better idea on where to enter from here? Thx, EJ