5th wave down on gold sector unfolding!
#1
Posted 16 April 2009 - 08:53 AM
#2
Posted 16 April 2009 - 09:24 AM
As I mentioned in my previous post reply, this is now unfolding, so time to start to backup the truck very soon.....
Goldswinger.
Already did a little selective buying and orders are in place at lower prices.
PURE BS
Senor
#3
Posted 16 April 2009 - 09:29 AM
#4
Posted 16 April 2009 - 10:06 AM
#5
Posted 16 April 2009 - 10:13 AM
#6
Posted 16 April 2009 - 10:29 AM
for me time comes 1st and monday @the latest is the end of this decline.Dharma, if you mean three of 5 down, then we have a ways to go and if wave 1 took GDX from 39 to 32, if this is three of 5 down, we might reach GDX 21+ as Blustar had forecasted for later in the month.....
Ths would also imply that GOLD will do a 3 down taking it to the 800 mark or even 750.....
If so we might need to put the truck back in the garage for a few more days perhaps weeks......
Goldswinger.
.
we are in 5 as you suggest and we are finishing 3 of 5 here. wave 4 was a triangle. so 5 should be swift. we have taken out the lows in xau but not yet in hui.
below 865 gold or if it too diverges. we are very close. and i am starting to think about placing orders. dharma
#7
Posted 16 April 2009 - 10:44 AM
http://stockcharts.com/c-sc/sc?s=$GOLD&p=W&yr=7&mn=0&dy=0&i=p83668852829&a=165241533&r=856.png
-Scott O'Neil (son of William O'Neil), Portfolio Manager at O’Neil Data Systems, when asked where the Dow would go in the coming months
#8
Posted 16 April 2009 - 10:48 AM
Edited by goldswinger, 16 April 2009 - 10:50 AM.
#9
Posted 16 April 2009 - 12:12 PM
#10
Posted 16 April 2009 - 01:04 PM
starting to get fills
dharma
si, this thrust lower from a contracting tri could be close to finito, we see.
BSing away
Senor