Wild eyed gold kooks....

The internal wave structure is not ideal but an Ending Diagonal here is still within the realm of possibility.

cs

It's funny...most here are looking for tops in things that are and have been going up and looking for bottoms in things that are and have been going down. Things never change. The fact that I'm looking for a ST correction in energy and precious metals even worries me. I just think the stuff sells off on the pivotol day when the 'crisis' changes direction from getting worse to getting better. If it ever does.

hi cybersaavy,

That is the count I am watching. No opinion either way right now, but I'm not interested in longs.

EDs are tricky. Not sure you have a 3 wave move for "c or 3" if its terminal. And if one argues for a running triangle (which breaks upward), you have the same problem.



Bulls would argue for wave 3-3 up next.

cheers,

john

Edited by SilentOne, 14 March 2008 - 12:54 PM.

Sold 80% of it today, it was 10% of my account. I didnt actually make much from this move, it just hedged the drawdown I was taking while buying up lot of other stuff. Right now my 401k is $1000 of its all time high with all this drawdown I'm taking, good hedge that gold was.