Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 684.39

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Dec 4 4:00 PM EST

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From: kapex	1/8/2014 10:45:10 PM
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Gold So usually I keep an eye on time from a fibonacci standpoint but was so intent on feeling that gold was making an ending diagonal that I didn't look at that. So the ending diagonal seemed to fit and the Dec 31 spike down failed IMO to make lower cash low below the late June low. When it reversed above that June low and shot up and broke the top trend line I felt (still do) that was the wave 2 low. So a couple days ago I counted the daily bars from the wave 1 high in late August. A fibonacci 89 bars to the Dec 31 low. Obviously it remains to be seen what happens but I'm still using these lows to continue stacking.

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