RE: [RT] C Wave in Gold?, RealTraders Email List Archive

Thanks for the direction, Ben.

From: realtraders@xxxxxxxxxxxxxxx [mailto:realtraders@xxxxxxxxxxxxxxx] On Behalf Of Ben
Sent: Sunday, September 21, 2008 1:25 AM
To: realtraders@xxxxxxxxxxxxxxx
Subject: Re: [RT] C Wave in Gold?

cboe.com

then click on data

go down until you find all etfs that are currencies

all etf for gold

most active is GLD

----- Original Message -----

From: Jeff

To: realtraders@xxxxxxxxxxxxxxx

Sent: Saturday, September 20, 2008 2:39 AM

Subject: RE: [RT] C Wave in Gold?

Greetings All:

Could anyone please point to a direction where I can find put/call ratios on FX, Gold & indices. TIA

Have a good one
Jeff Harteam

From: realtraders@yahoogroups.com [mailto:realtraders@yahoogroups.com] On Behalf Of Jeff
Sent: Saturday, September 20, 2008 12:22 PM
To: realtraders@yahoogroups.com
Subject: RE: [RT] C Wave in Gold?

Hi Don:

I agree with your wave counts and my take is gold will be going lower as well as price actions in the intraday timeframes starting to demonstrate a lot of instability there. If the bearish outlook on gold plays out; the 9/11/2008 low, to me, is only the first leg of the corrective a-b-c. Right now, we are in the making of this b wave (which is your wave 2:3, and for Carsten, the ‘zoomed bar’ on the daily chart is a failed zoomed; P4 high is in place and P5 should be on its way to visit much lower levels in this market). Thanks for the charts and take care.

Have a good one

Jeff Harteam

From: realtraders@yahoogroups.com [mailto:realtraders@yahoogroups.com] On Behalf Of Don Ewers
Sent: Saturday, September 20, 2008 7:40 AM
To: realtraders@yahoogroups.com
Subject: Re: [RT] C Wave in Gold?

Jeff,

Here is how I am looking at Gold (using the GLF, since I am unable to do continuous futures charts on Esignal).

I like to label down moves after a major rise as A or 1 , , , , 2 or B . . . . and B or 3:1. As I see it we are at a very critical junction in which either can evolve, but the direction will be revealed very shortly.

My vote is we are going to decline . . . and that this is not a new bull at this point . . . FWIW.

Don Ewers

----- Original Message -----

From: Jeff

To: realtraders@yahoogroups.com

Sent: Thursday, September 18, 2008 9:29 PM

Subject: RE: [RT] C Wave in Gold?

Hi Charles:

Here my take for the count. As far as I'm concern, the corrective a-b-c has
already been completed; and they are fitted with fibs levels. The final
wave C of c of the primary degree was halted at 1.272 and 1.382 fib
expansion level. And just to point out, the completion of this corrective is
also a 3-3-5. Now, the important thing is to trying to identify if there
are any signs of impulsiveness right after wave c of the primary degree.
Price actions tell us that we did; with a huge impulsive move two days ago
to the upside and intraday charts revealed clear 5-wave up with pattern
alternation on wave 2 and wave 4. That said, we should always look for
'both sides of the story'. The alternate wave counts can also be applied:
The low made on 09/11/2008 could very well be only the FIRST leg of the
a-b-c corrective and going forward from this low; would be some sort of
messy wave b in the making. No matter which wave counts I choose, I
personally would lean toward the notion that the low made on 9/11 is the end
of the correction (if biased towards the bullish scenario) or the end of the
FIRST leg of a corrective a-b-c (if biased towards the notion that Gold
would complete its a-b-c at much lower levels). Take care.

Have a good one
Jeff Harteam

-----Original Message-----
From: realtraders@yahoogroups.com [mailto:realtraders@yahoogroups.com] On
Behalf Of chaze
Sent: Friday, September 19, 2008 5:43 AM
To: realtraders@yahoogroups.com
Subject: [RT] C Wave in Gold?

Anybody up for this? I'd value anyone's thoughts or
comments.

Wave A was down (GLD) from March 17 to a low on May 1.
(You can see the breakdown of 3 waves)

Wave B was up from May 1 to a high on July 15.
(You can see it was a 3-3-5: again a breakdown of 3
waves)

Current wave C is as follows:

Wave 1 of C from July 15 to Aug 15 AND IT WAS AN
EXTENSION, but more on that later,

Wave 2 of C was just completed as follows:

8/15 to 8/28 (3 up)
8/15 to 9/11 (3 down)
9/11 thru today (5 up).....and represents a 'double
retracement' to where the
original extension began.

I know that extensions are usually not wave 1 affairs,
but.....

Conclusion: Waves 3 down, 4 up, and 5 down are yet to
come, marking the end of
the correction from March 17.

Comments welcomed; and thank you; and I know this is a
contrary view.

Chas
=====

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