Silicon Investor (SI) -- The First Internet Community

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 : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: nspolar who wrote (32893)	10/7/2003 11:35:55 PM
From: nspolar	Read Replies (1) \| Respond to of 36161

The next two charts are of the USD. The longer term picture is shown here, and just a continuation of a count published at the peak of the iv of 3, which was nailed. ttrader.com\'s%20charts&id=427&d=2 The v of 3 is shown in greater detail here. ttrader.com\'s%20charts&id=427&d=2 My interpretation of these counts is both bullish and bearish. It is bullish in that more downside is projected. If for example the dollar continues down towards the mid 80's it would appear gold has a chance of cracking 400, but not a lot more. It is bearish from the angle that it appears the dollar is could be quite a ways along in this v of 3, and the bottom may not be as deep as some think. It all depends on how the end of this wave extends. It is also bearish for gold from the point of view that a significant rebound in the dollar should occur, from the bottom. This should drive gold back quite a ways, and correct gold and gold equities accordingly. Might just finish up by saying the finer tick count could be off by a degree - i.e. the v of 3 may only be in its infancy - just to early to say. Based in the TA indicators however the count looks somewhat appropriate.