Harmonic Trading with The Phoenix Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Harmonic Trading with The Phoenix

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jack of All Trades who wrote (820)	6/27/2003 12:10:16 AM
From: skinowski	Read Replies (1) of 941

To my eye, XAU seems to be making a shallow correction of the decline, with today's low being the likely bottom of a "b". If so, then this current upswing should unfold into a 5 wave wiggle impulse. No idea, of course, whether it gets there, but the 78.70 or so look attractive - that would be a 38.6% retracement of the decline, and C would be 161.8% of A. The trendline connecting the tops in 6/02 and 1/03 also projects into that area. C=A by 77.65. No positions so far... just watching how this pretty picture is acting out there, on the right side of the chart... -g.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next