vt,
Kudos to you for calling the move up, which I think has a few days to go yet for market.
While incorrect on my st down outlook, the OEX 552 served as a salient guidepost to that error, as in the charts gaporama mama, ggg:
Message 16580186
Since I didn't play, no harm no foul for me.
But also, the XAU weakness did not show up. Both XAU and HUI slightly above resistance, also second set of triangles with the close today. Unfortunate cannot show chart, but excellent place for said triangles in a bull move, TA wise, which we all know doesn't work for gold or much of anything lately. (This is for educational purposes ONLY, lol!)
Experimental fractals say 2-4 days down XAU/HUI, then up again, with or without an intervening consolidation period, for XAU/HUI. Then stair step up moves, before the big bang when all Goldbugs Go To Heaven, hopefully happening before Everyone Else Goes To Heaven.
Short term, methinks not enough of a move down XAU/HUI to bother with, I don't believe, so still holding the golding.
Just me TA guess and WDIK?
Best Regards,
Roebear |
