Gold Eagle EWave on Gold
ER Here is a Link to an Interesting EWave Chart
Started by
Woody
, Feb 02 2007 12:01 PM
13 replies to this topic
#3
dougie
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Posted 02 February 2007 - 12:41 PM
Ed: may i ask, how far down before you start scaling in?
As to that ewave co8unt, it looks quite good: i had not seen his work before...
but one thing: he says:"A bearish scenario would involve an impulsive decline in wave ©." Why would that be bearish, other than in the st, it?
Couldnt one almost expect that a c wave down would be impulsive looking: i thought that was the character of c waves?
#4
ed rader
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Posted 02 February 2007 - 12:55 PM
Ed: may i ask, how far down before you start scaling in?
As to that ewave co8unt, it looks quite good: i had not seen his work before...
but one thing: he says:"A bearish scenario would involve an impulsive decline in wave ©." Why would that be bearish, other than in the st, it?
Couldnt one almost expect that a c wave down would be impulsive looking: i thought that was the character of c waves?
Dougie -- i may begin buying today....i'm looking at nxg for now.
ed rader
#5
dougie
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Posted 02 February 2007 - 01:04 PM
Ed: then may i ask you: what do you see today that would make you want ot buy: dont you see this action quite bearish?
#6
ed rader
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Posted 02 February 2007 - 01:27 PM
Dougie -- i'm really flying by the seat of my pants here but i think any weakness will be ST.Ed: then may i ask you: what do you see today that would make you want ot buy: dont you see this action quite bearish?
ed rader
Edited by ed rader, 02 February 2007 - 01:28 PM.
#7
Woody
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Posted 02 February 2007 - 01:33 PM
there's plenty of BS in that call.
are you getting ready to buy?
ed rader
Prime BS.........I'm certainly concerned that after abt a $50 rally in the last 30 days, Hulbert Sentiment has moved from 25% to 67% bullish, I would prefer to have sentiment at my back and I think the only way that will happen is if we get XAU back to 120 or less, the obvious triangle pattern will likely morph into something else as evry part time TA Trader sees it.
Right now people are comfortable with the notion that this is a correction (in Commodities) and that new highs are coming. Once these people get concerned that this might be more than a correction and that possibly the highs are in.....then we can start the next leg up. jmho
Its like the uptrend in equities, everyone is expecting a 5-10% correction, as long as that mindset continues, we'll likely continue up.
http://stockcharts.com/c-sc/sc?s=$XAU&p=D&b=3&g=0&i=p12917664397&a=96550650&r=3357.png
Edited by Woody, 02 February 2007 - 01:36 PM.
#8
johngeorge
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Posted 02 February 2007 - 01:34 PM
i may begin buying today....i'm looking at nxg for now.
ed rader
ed
I just bought NXG @ 3.57. Looking at HL and WDGF now.
Edited by johngeorge, 02 February 2007 - 01:36 PM.
Peace
johngeorge
johngeorge
#9
dougie
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Posted 02 February 2007 - 01:46 PM
woody makes a strong case ....
#10
ed rader
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Posted 02 February 2007 - 01:47 PM
i may begin buying today....i'm looking at nxg for now.
ed rader
ed
I just bought NXG @ 3.57. Looking at HL and WDGF now.
johngeorge -- nxg held up very well in the last correction and i was more concerned about how it held up after earnings. i sold right before earnings but it has so far moved down only slightly.
if gold cracks tho he stock may too.
i'm really tempted to initiate a position here...and i have to leave for the day in a few minutes..........
ed rader
