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Strategies & Market Trends : Zman Market Timing
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To: Fintas who wrote (203)10/17/2013 11:08:39 AM
From: Mario :-)1 Recommendation

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Bottom line is I'll be waiting to see if they can take out 1458.

Thanks, I will be watching. :-)
I understand (I think lol) what you are doing on P&F chart with 18/54 numbers, but I can't figure it out why you are (and you were way back) so sure we will retest the lows. Just looking from simple hi/low perspective, we are now at lower fib retracements between June low and Aug high. Now if gold would take out your 1458, then from simple chart reading perspective we would have pattern of higher lows and higher highs on weekly chart.

If gold would take 1458 out, that would seems bullish to me with much less chances to revisit June lows.
So after (and if) 1458 is taken out, yes there would then be retracement again as it was since Aug hi, but it should finis above recent lows? (1250)

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