Good works snowrider , carry on . But i think links of site may not be any good for you , be carefull & read FF policies again .
fontu
Ignored
Thanks fontu. I did not know FF's polcies before I post. I am wondering where I can find those policies? That I add a link to where my original post is only for cross reference. I previously did not know how to post image from different site, so there were links only. Now I know to use img tag for images, and I have started posting images in that way. Because of this, readers no longer need to click on the web address to read my article.
So far, gold has been following 10/14/2010's intraday wave count and 10/16/2010's daily chart wave count with a good size of setting back to $1330 area, which was previous wave-__4. Now it may be forming the wave-_4. If so, next wave will be wave-_5 to challenge the all time high in order to form the wave-3 of this bull run.
Gold has shown 5 impulsive waves down, so it negated the assumption that the past few days was a corrective wave. With that said, I would like to change last week's alternative count to be the preferred one. It might not be a bad idea to establish short position if the market can bounce some 0.382-0.5 back. http://www.trade2win.com/boards/atta...d-intraday.jpg
Gold has shown 5 impulsive waves down, so it negated the assumption that the past few days was a corrective wave. With that said, I would like to change last week's alternative count to be the preferred one. It might not be a bad idea to establish short position if the market can bounce some 0.382-0.5 back. http://www.trade2win.com/boards/atta...d-intraday.jpg
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Man gold is going to be "one of those stories." I've been trading for about a year a now and am only just about to turn 21, but one of my friend's dad's decided to take his money out of the stock market and put it all into Gold. I think it's because of the hundreds of commercials on any financial network now which tout how amazing gold has been. Their real agenda has to be finding new investors to buy their gold from them before the overly overbought status it has tanks the price. 5-10 years I give it and the "baby boomer" investors will be screamin about it, haha.
Man gold is going to be "one of those stories." I've been trading for about a year a now and am only just about to turn 21, but one of my friend's dad's decided to take his money out of the stock market and put it all into Gold. I think it's because of the hundreds of commercials on any financial network now which tout how amazing gold has been. Their real agenda has to be finding new investors to buy their gold from them before the overly overbought status it has tanks the price. 5-10 years I give it and the "baby boomer" investors will be...
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Hi DKallDAY, thanks for sharing. Yes, the gold market looks similar to many those bubbles in the past (e.g., dot com, real estate, etc.). When everyone is talking about buying gold, it's about the end. I don't know if the bull run is done, but I'll be cautious.
thanks for your updates.
My question: You consider that the pattern of the EURUSD (main count) since the low of 1.18 is finished. Why aren`t you do this for the S&P and Gold also ?
If EURUSD is falling, Gold and S&P will follow.
thanks for your updates.
My question: You consider that the pattern of the EURUSD (main count) since the low of 1.18 is finished. Why aren`t you do this for the S&P and Gold also ?
If EURUSD is falling, Gold and S&P will follow.
Why my preferred count for SP is not a corrective wave? Because SP is still in its bull run. I want the market telling me that the up movement is done. About gold, I actually have a bearish count now. BTW, in the past, there were numerous times that EUR, gold, and SP went to different directions. They don't need to be in the same direction.
According to 10/23/2010's wave count, the bounce could be a corrective or an implusive wave. Both are significant to the later development of the wave. If the current up move is a corrective wave, it means that the picture of gold has entered into a long term bearish market. If the current up is a impulsive, it means that an extension of the bull market in in progress - which will skyrocket gold to an unbelieable high price. Where is it now anyhow? http://www.trade2win.com/boards/atta...d-intraday.jpg
the a-b-c pattern since the low of 1.18 is not yet finished.
In "c" the wave "iv" is still unfolding as a Contracting triangle. I expect that this triangle will be finished tomorrow so that wave "v" can be finished until middle of next week.
With this, there is a good chance that the S&P pattern since end of august can be finished too.
the a-b-c pattern since the low of 1.18 is not yet finished.
In "c" the wave "iv" is still unfolding as a Contracting triangle. I expect that this triangle will be finished tomorrow so that wave "v" can be finished until middle of next week.
With this, there is a good chance that the S&P pattern since end of august can be finished too.
Sixer
Ignored
hi sixer - thanks for sharing your view. I am also thinking that EUR is going to end soon when the wave-5 is completed.
The beauty of wave is that it provides us possible alternatives so that we know how to deal with. There won't be any surprise if all counts are considered. Would the current fractal a wave-_c or a wave-_3? http://www.trade2win.com/boards/atta...d-intraday.jpg
Today gold's price behavior shows a strong bullish momentum. Bearish count is not to be considered at this moment. I'll start a new thread for November. Stay tuned!
it looks good when someone share's his count in the discussion.From your chart, the wave-iv is counted as a Running Flat. In that scenario, the movement afterwards a Running Flat will be explosive, and the alteration afterwards that won't be too deep
