31 replies to this topic

[SilentOne]

dougie,

Silent: you got some workable counts here?
Todays up looks corrective to me. and i do NOT sense fear.

I would assume the bearish count and suggest a "C" wave down has started. The caveat of course is what gold will do here in the coming days. It is eyeing the $683 level. A break above there and a run to $730-750 would suck in a lot of bulls. We just have to wait now until next week to see where it settles out.

cheers,

john

[rick]

As I mentioned, on feb 28th I got out of all my call positions. I had used the volume data that is reported on Yahoo, in generating the pattern recognition preditions. 4-5 days ago, they stopped reporting it. I am unable to figure out how they had been cacluating it. Anyway, I have retrieved 2 years back data for volume and updated the XAU pattern recognition system thru 12.22.06. Based on new rules and predictions... It would have gone long on the close 1/9 at 132.14 Short on the close 1/26 at 138.65 Into cash on 2/21 at 144.91 and re-short on 2/22 at 145.13 and currently SHORT. ... if you can believe all that. I will report this signal from now on. Rick