How to count an impulse up off oct Gdx lows?
I see too many overlaps
does not look like an impulse to me either - could we see one more new low? or just an ugly bottom?
Edited by senorBS, 07 November 2016 - 08:43 PM.
Posted 07 November 2016 - 08:42 PM
How to count an impulse up off oct Gdx lows?
I see too many overlaps
does not look like an impulse to me either - could we see one more new low? or just an ugly bottom?
Edited by senorBS, 07 November 2016 - 08:43 PM.
Posted 07 November 2016 - 09:25 PM
The rise off the low in 2008 had multiple overlapping waves.
If 1241 was the Minor 2 low then the trendline from Dec 2015 needs to hold.
Today that is 1263 and rising.
I'm bullish against the 62% retrace at 1267.
I'm taking one of my cues from the GSR where silver seems to be gradually strengthening against gold.
Posted 07 November 2016 - 10:55 PM
does not look like an impulse to me either - could we see one more new low? or just an ugly bottom?How to count an impulse up off oct Gdx lows?
I see too many overlaps
Posted 08 November 2016 - 11:17 AM
Posted 08 November 2016 - 03:31 PM
Edited by dharma, 08 November 2016 - 03:32 PM.
Posted 08 November 2016 - 08:44 PM
" I'm bullish against the 62% retrace at 1267."
Today's spot gold low 1267.9. At times like this I get religion.
Posted 09 November 2016 - 10:40 AM
Posted 09 November 2016 - 12:40 PM
dharma
"patience when something you like
gets taken to the woodshed , give it some love."
Sometimes for me it is difficult to do when that happens. So to offset that I sold a stock into strength this morning. Like you I am still looking for a correction. My target of 1325 has been met, although, under strained circumstances.
Thanks for the thread.
Posted 09 November 2016 - 01:02 PM
Edited by dharma, 09 November 2016 - 01:03 PM.