Axstone--Shadow Page

[xinkid]

if we get an extended wave v, we should see 4 more weeks straight white candles!

[i love gold nyc]

seems as if TPTB want POG to close under 1100 today, dollar down, DOW up, this should be a bit more positive for gold.

[stefanmo]

Update 9 11 2009

[Hawkeye]

Originally Posted by i love gold nyc

seems as if TPTB want POG to close under 1100 today, dollar down, DOW up, this should be a bit more positive for gold.

It's just traders taking profits

[Jellylegs]

Originally Posted by Weatherman

I would expect a wave 4 to take approximately as long as a wave 2, but a range of half as long to twice as long would not be surprising.

The only rule that I recall is that the bottom of wave 4 never goes below the top of wave 1. Keep in mind, however, that EW "always" and "never" both translate into "sometimes" in the real world. You can count on wave 4 to stop at one of the Fibonacci number retracement levels, or somewhere in between.


If you are thinking about using my EW views as a guideline for buying and selling, I strongly recommend that you learn to play the appropriate musical instrument so that you can become your own pied piper. I don't bet on my EW guesses, and I wouldn't encourage anyone else to do so either. After all the appropriate adjustments for future price action, EW is excellent at telling us where the market has been. It is a useful rear view mirror, but I don't count on it to tell me where or when the next curve will be in the road ahead. I will be really happy if EW only gives me some perspective about whether or not the next section of road is likely to be uphill or downhill. Be cautious with my guesses, because your mileage may vary.

Agree on your thesis. No problem I am just looking for a guide & realise that EW seems based retrospectively in counting waves. I am just reading & learning as much as possible & understand EW doesn't have all the answers so am watching many things.Fibs, stocastics etc. There are many factors to consider in any plan but appreciate the many graphs, charts & those more knowledgable @ GIM than I have to offer.

[icu2-dufos]

Gold looks to have some more room to grow

CHART> http://i33.tinypic.com/359zipj.jpg

[MrTiKi]

Prophet we have another gap. I say it closes next week lets see.

[icu2-dufos]

Originally Posted by MrTiKi

Prophet we have another gap. I say it closes next week lets see.

That gap will get filled? if it does its another buying opportunity. its needs to make another higher higher

CHART> http://i38.tinypic.com/vwub6x.jpg

[MrTiKi]

Originally Posted by icu2-dufos

That gap will get filled? if it does its another buying opportunity. its needs to make another higher higher

CHART> http://i38.tinypic.com/vwub6x.jpg

You could take a screenshot by pressing the "Prt Scrn" key thats on top of delete, then paste it on mspaint and save it.

[icu2-dufos]

looks like we may be in for a correction, take some profits like I did

chart> http://i35.tinypic.com/11vl2dj.jpg
the red and blue lines have topped and retracing

[icu2-dufos]

GLD made a higher high yesterday before turning down and closed at 108.21 today
hope it doesn't make a new lower low, like to see a higher low at about 104-105 and turn back up from there..
chart using slow stochastic 5,3 buy at or near the arrows \

chart > http://i33.tinypic.com/2us8vav.jpg