QUESTION For The BOARD ?
#1
Posted 11 September 2007 - 12:45 PM
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!
#2
Posted 11 September 2007 - 12:52 PM
Edited by hiker, 11 September 2007 - 12:54 PM.
#3
Posted 11 September 2007 - 01:26 PM
anyone have an upside target projection or TA idea related to "how high" for GLD?
several miners also at new highs today -
GOLD
ABX
fib posted data on the weekend indicating caution because of breadth on this move up in miners....if I understand.
2000oz plus....that 18 year bear mkt that bottomed at 2.55 oz was a B wave at the least...the C is gonna be huge....
Edited by da_cheif, 11 September 2007 - 01:27 PM.
#4
Posted 11 September 2007 - 01:28 PM
Yes, the PM breadth statistics were lagging after last week, but this doesn't necessarily mean that they'll won't play catch up either knowing how emotional this sector can get....it's just a caution sign at this stage.fib posted data on the weekend indicating caution because of breadth on this move up in miners....if I understand.
I did make another post this past weekend that could add some clarity to the current situation for the boards further consideration:
Current Count
As far as upside price objectives are concerned, the current target for spot gold is $725, + or - $5.00
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
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#5
Posted 11 September 2007 - 01:37 PM
#6
Posted 11 September 2007 - 01:39 PM
As posted and suggested above, $730ish is the first area target. The PnF calculation is $840.
Based on just basic TL, assuming $730 is exceeded after a pullback, then $765ish next target.
IMO the dollar will play a less and less role in the advance of gold. Could be wrong, have been before, have been right also.
mss
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!
#7
Posted 11 September 2007 - 01:40 PM
From 6:00am this morning till 1:30pm this afternoon, how many post has there been made on TA or trading REGARDLESS of time frame?
Maybe RodgerDodger was correct, do we need a "gas" board?
The obsession towards fundamental stuff is getting out of control on this board. We have overnight experts in CDO, CDS, MBS, ABS, CP......And the TA experts have dissapeared somewhere.
Me, just collected 7 ES points today (posted on my blog) and calling it a day.
#8
Posted 11 September 2007 - 01:42 PM
do urself a big favor......do the analysis on the monthly chart of the JAGI.....ulll get a feel for whats coming........Yes, the PM breadth statistics were lagging after last week, but this doesn't necessarily mean that they'll won't play catch up either knowing how emotional this sector can get....it's just a caution sign at this stage.fib posted data on the weekend indicating caution because of breadth on this move up in miners....if I understand.
I did make another post this past weekend that could add some clarity to the current situation for the boards further consideration:
Current Count
As far as upside price objectives are concerned, the current target for spot gold is $725, + or - $5.00
Fib
#9
Posted 11 September 2007 - 02:25 PM
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#10
Posted 11 September 2007 - 02:26 PM
Janus Hotels and Resorts? No longer trading?do the analysis on the monthly chart of the JAGI
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
Technical Watch Subscriptions