Close enough to a major fib for me. I'll take a stab at projecting the length of wave iii of major wave III as 233 (ie 144 + 89). Just a hunch.
cheers,
john
HUI fibs
Started by
SilentOne
, Jan 11 2006 07:12 AM
4 replies to this topic
#1
SilentOne
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Posted 11 January 2006 - 07:12 AM
Close enough to a major fib for me. I'll take a stab at projecting the length of wave iii of major wave III as 233 (ie 144 + 89). Just a hunch.
cheers,
john
"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain
#2
mss
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Posted 11 January 2006 - 08:22 AM
Hi John,
Well we should know pretty soon as what the next big move will be. The chart below indicates that we have one more up thrust of some (??) strength as money flow is still pretty good.
We all need a little luck on this one-- still long in core stuff.
Best to you,
mss
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A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!
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#3
dougie
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Posted 11 January 2006 - 01:01 PM
233 points: you trying to give a bug a heart attack or something?
<:
<:
Close enough to a major fib for me. I'll take a stab at projecting the length of wave iii of major wave III as 233 (ie 144 + 89). Just a hunch.
cheers,
john
#4
SilentOne
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Posted 12 January 2006 - 05:11 AM
Hi dougie,
First we gotta correct back to HUI 255ish. Time is up for this current move. How about using a gold monthly chart for timing??
EW count for this last impluse is probably as shown below (thanks Dsquare). I don't know if wave 1 up has completed or we just put in the top of wave 3-3.
cheers,
john
First we gotta correct back to HUI 255ish. Time is up for this current move. How about using a gold monthly chart for timing??
EW count for this last impluse is probably as shown below (thanks Dsquare). I don't know if wave 1 up has completed or we just put in the top of wave 3-3.
cheers,
john
"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain
#5
dougie
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Posted 12 January 2006 - 11:38 PM
Date: Thu Jan 12 2006 16:50
trotsky (@the sentiment front) ID#248269:
Copyright © 2002 trotsky/Kitco Inc. All rights reserved
the XAU put/call open interest ratio is within 2% of the highest reading of the past 52 weeks, denoting continued skepticism about the sustainability of the rally.
Rydex pm fund money flows still hover close to the lows of mid 2005.
analyst ratings on gold sector component stocks still remain as unexuberant as ever. only 33% of all ratings are 'buy' or better.
lukewarm WS analysts, skeptical, if not outright bearish, traders, and here we are, a few points down from multiyear highs. the only potential near term pitfall is probably the large net long position of speculators at the COMEX, but i note that this position can be expected to scale new extremes with rising prices, iow, they could well expand further.
all listed gold stocks put together sport a market cap that is somewhat lower than that of GOOG alone. institutional exposure to the sector continues to lag in view of its performance. lastly, most junior gold stocks remain very cheap relative to the gold price.
there is in short very little that suggests this is over.
