19 replies to this topic

[tradesurfer]

check out my inverse H&S chart:

http://www.traders-t...showtopic=97461

[dharma]

senor: you have become the eternal optimist of this forum.
i suppose i should be thankful for your cheeriness

Charts look bullish to me here, maybe I am wrong again? and not just XAU, most importante equity indices.

BSing away

Senor

fwiw, i agree w/you. it looks to me like the broads are putting in a low and so are xau/hui. maybe oil too. i am looking for a couple of months of rally and i see gold testing 1k dharma

[dharma]

my bad the 13th is the full moon! dharma

[uncleharley]

FWIW, The USD made a break to the top against a basket of currencies today. The break could fail tomorrow, however if the USD goes on to 91 or 92, it will be a drag on gold. Maybe we should wait for the full moon.... uh

[dougie]

DID XAU just bottom? (is there an echo in here?)

[wxman]

GDX bottomed, 5 waves up and abc correction
http://stockcharts.com/h-sc/ui?s=$HUI...2&listNum=1

[dharma]

GDX bottomed, 5 waves up and abc correction
http://stockcharts.com/h-sc/ui?s=$HUI...2&listNum=1

yes, it appears to have made a 5 wave down for c of wave 2. now another 5 waves up. looking for a move to near 1k on gold. dharma

[dougie]

takes out that 2 low you have there and all bets are off. the 5 up count is a fav but not at a certain

[dougie]

the other way to see your chart is that is a bearish H&S top targetting new lows!

[dougie]

did ABC just bottom? trying to make small talk here