attach is my long term trading for
gold,
it is closer to a floor than a
ceiling,
and showing bullish divergence,
this only trades 1-2 times per
month!!
gold also had a volume reversal on
9/2,
9/2/08 was also intra day low
bullish gold!
Ben
----- Original Message -----
Sent: Monday, September 08, 2008 7:02
PM
Subject: [TimeandCycles] XAU...time for
a bounce
The XAU will probably start a good bounce from here. Today's new low
slightly undercut the 50% retracement of the '00-'08 rally, but time
is now coming into focus as well.
Here's what I've got for today's
low...
1. 2*89 c from and exc the ATH
2. 55 c from and exc the
7/08 top
3. 89 t from and exc the 5/08 btm
4. 123 (Lucas) t from and
inc the ATH
5. 3*162 t from the '06 low
6. 2.33 yrs from the '06 top
(233 is Fibonacci)
7. 2*988 t from the '00 btm (987 is
Fibonacci)
There are others, but these are the most interesting.
Price-wise, a move to 157-158 or so, then a renewed drop to the
105-
106 area around 10/24????
FWIW
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