imho, this week , by the 20th will be all she wrote for this correction. dharmaafter perusing the charts this weekend
gold appears to be in a triangle
xau/hui may have had a 5 wave down move followed by a 3 wave up move. if that is the case then the july lows on the gold stocks should be taken out. its why i am a long term investor. in the short term things get confusing. in my trading account i cut my positions to one on thursday and i am waiting to add.
dharma
Agree on xau/hui conco down, silver has same cinco down, so IMO gold triangle is a "hook" and it's not going up, we will see.
BSing away
Senor
$HUI 290 minimum target?
Started by
goldswinger
, Aug 11 2009 08:35 AM
22 replies to this topic
#21
Posted 15 August 2009 - 07:26 PM
#22
Posted 16 August 2009 - 12:35 PM
sure wish i could see those 5 waves down
#23
Posted 16 August 2009 - 07:32 PM
sure wish i could see those 5 waves down
not that hard
Senor