For a while now, I've had a BUY target in the region of 1430-1470 (which I suspect many of you TA'ers have too).
With today's decisive break, it appears we'll hit it by September.
Because the daily sell signal is "obvious," I do not expect a straight line down to 1465, but a zig-zag formation that is classic to any "4 wave.
That's why we'll hit the target in SEPTEMBER, not June.
/beta
Patience, GoldBugger$
Started by
beta
, May 09 2012 08:14 PM
5 replies to this topic
#1
beta
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lasergirl
Posted 09 May 2012 - 08:14 PM
"Daytrading -- An Extreme Sport !"
#2
dougie
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Posted 10 May 2012 - 12:58 AM
why september: i think october and i think we have some nice bounces in store on the way
http://stockcharts.c...amp;a=266635473
is this all an ABC down (we are now in b of B witha c up to follow) or an abcde and we are now already in e down?
http://stockcharts.c...amp;a=266635473
is this all an ABC down (we are now in b of B witha c up to follow) or an abcde and we are now already in e down?
#4
tria
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Posted 10 May 2012 - 01:19 PM
why september: i think october and i think we have some nice bounces in store on the way
http://stockcharts.c...amp;a=266635473
is this all an ABC down (we are now in b of B witha c up to follow) or an abcde and we are now already in e down?
why september, why october, i think november (no kidding) but do not know if a higher or lower low by then. i will post why in another day, when time is not a problem
now all i think of, is for a good rebound to very late May or early June.
-tria
In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.
"You miss 100% of the shots you don't take."
~ Wayne Gretzky
#5
fluid
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Posted 10 May 2012 - 02:53 PM
I see 4 pushes down islander? my sense is that its a bear market, gradual decline here
#6
fluid
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Posted 10 May 2012 - 04:24 PM
Trading the HUI and XAU:
Never, and I repeat NEVER try and predict a bottom in these sectors. They are going down until they are not, if you know what I mane. as a minimum you need for a power move to the upside on the weekly timeframes.
Unitl then STAY OUT.
