Note that if C=1.618 x A, target is 80.
Comments welcome.
http://stockcharts.com/c-sc/sc?s=$XAU&p=D&yr=1&mn=0&dy=0&i=p39915095885&a=57905006&r=300.png
Edited by HiFiGuy, 03 October 2006 - 08:47 PM.
Posted 03 October 2006 - 08:44 PM
Edited by HiFiGuy, 03 October 2006 - 08:47 PM.
Posted 03 October 2006 - 10:40 PM
Posted 04 October 2006 - 02:05 AM
Note that if C=1.618 x A, target is 80.
Posted 04 October 2006 - 09:57 AM
HiFiGuy,
Note that if C=1.618 x A, target is 80.
C waves or third waves come in 5 waves as clear impulses. That is what we are doing right now. We have to be in a 5th wave, which is extending (your c of C as shown). That is how I count with classic EW, but then if you look at Neely, it is a completely different methodology. We can still hit your target area with such a count. Note however, extended 5th wave declines retrace quite quickly. Think in terms of a rubber band. It is being stretched to its limits and we will get there in a matter of days.
cheers,
john
Posted 04 October 2006 - 10:27 AM
Posted 04 October 2006 - 10:55 AM
Posted 04 October 2006 - 12:18 PM
Posted 04 October 2006 - 12:39 PM
but your stated targets above are 250/260 a long ways below
Posted 04 October 2006 - 12:52 PM
Edited by HiFiGuy, 04 October 2006 - 12:53 PM.
Posted 04 October 2006 - 01:02 PM
Correct me if i'm wrong, but if the 5th/5th extends, and we're in w3 of C, i think we go even lower than 104.