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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: #Breeze who wrote (83253)	6/26/2013 5:42:35 PM
From: Fintas	Respond to of 207824

You and Chip are beginning to make me look like an optimist. Yet I see your number. If one looks out far enough that's one big move up and I could get nose bleed looking down. I was just talking to one if Fla who wanted me to think about Silver and LONG using AGQ. I'm not that on top of all these products. I'd need to study them more re risk understanding that back in 2008 many said there was no risk with a product and there was. UGH. THANKS BREEZE .. YOU and CHIP are OK and blessings will be coming your way. Probably not in the form or ice cream or what you want. SMILE. Fintas

To: #Breeze who wrote (83253)	6/26/2013 6:35:36 PM
From: CrashDavis	Read Replies (1) \| Respond to of 207824

Nice chart. What about a triangle wave 4, from the mid-April low ending early last week? Wouldn't make much of a difference, but a 5 down could imply the C was finished.

To: #Breeze who wrote (83253)	6/26/2013 6:46:29 PM
From: John Pitera	Respond to of 207824

HI Breeze, That is a very nice Wave count on Gold and pretty closely parallels my Elliott work... I have a number of walk forward analysis systems that I use... and also overlay my Global Macro FX Positioning perspective when coming up with my analysis..... which is worth about what you pay for it -vbg- ( I don't charge on SI....) from a positioning perspective I have been bearish on Gold for a while but am thinking that we will see price levels possible around the area you speaking of..... my initial objective was @1225 but that is just simply measuring the Price top @ 1923 in 2011 and the descending bearish triangle it was in with a horizontal base of $1525-35. Today we hit my $400 objective but the daily charts are still showing powerful momentum. However extreme market tops and bottoms do not always have momentum divergences.... .... I do like your chart and count.... and under $1200 gold miners will not produce.... but there will be a heck of a short covering rally coming not too far from now.... I have not run all of my numbers for today... s will stop production... and as the market psychology drifts back to worries about the Trillions of dollars of liquidity we shall see a period in the future where Gold will be going back up...... right now the global interest rate, and currency markets are moving so quickly that it revalues so many assets and asset classes and it takes a little time for the Global Macro Asset managers to adjust... John

To: #Breeze who wrote (83253)	6/26/2013 7:11:10 PM
From: kapex	Read Replies (1) \| Respond to of 207824

I like that count. It makes sense. One hell of a C wave for sure. But, then, they usually are. I had the same A & B wave and the C being 5 waves with all the trimmings is doing what it needs to for sentiment to get grim.

To: #Breeze who wrote (83253)	6/27/2013 7:18:42 AM
From: donc	Read Replies (1) \| Respond to of 207824

Breeze ..what is the gentle upsloping blue line? i suppose a trend line but from where? donc