June Gold
Started by
VolPivots
, May 24 2004 10:10 PM
3 replies to this topic
#1
VolPivots
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Posted 24 May 2004 - 10:10 PM
Last I checked futures options max pain closer to 380 then 385. We shall see. Went short this evening with tight stops.
#2
bobalou
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Posted 25 May 2004 - 05:22 AM
just looking could iii be 5. and starting to go to wavs 3
#3
VolPivots
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Posted 25 May 2004 - 07:06 AM
Textbook Elliott says ending diagonals usually have one complex wave, usually wave iii. I don't necessarily subscribe to textbook elliott, so yes it's very possible wave 1 down is complete (my labeling also may not be accurate) and we're beginning a wave 2.
#4
SilentOne
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Posted 25 May 2004 - 09:53 AM
Hi,
I count 9 waves down for completion of a "C" wave down. Move down is complete. I would not short gold.
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
