Gold Count

[finster869]

(06-09-2010 07:04 AM)Gooner Wrote:  Thanks finster869

I thought I better check because even the small things can trip me up at this stage.

So, if I have my head around it right, no RTB in blue (4) because its part of red [iii] but we are anticipating a RTB in green (iv) because its the 4th of blue (5)

YOU GOT IT!!!!

[ruby]

Finster, if I've counted right, we're in c of the rtb 4 of V now? Let's see - if we go up again and top the top, the NR will have saved us from shorting too soon.

[finster869]

(07-05-2010 03:08 PM)ruby Wrote:  Finster, if I've counted right, we're in c of the rtb 4 of V now? Let's see - if we go up again and top the top, the NR will have saved us from shorting too soon.

Ruby I have us in c of the rtb (iv) of (5) of [III] of [5]. I have the main trend up, so I wouldn't be shorting yet. Once [III] finishes, we will be heading to an RTB [IV].

Updated charts attached.

   
   

[ruby]

Finster, on dailyfx you can see the gold chart going back to 1971. The way I would count it from across the room, we had the top of [I] in 1975, [III] topped in 1980, [IV] bottomed in 1999. I of [V] topped in 2006, III of [V] topped in 2008 and b of the rtb IV of [V] just topped or will top soon after finishing its own c-wave. Unfortunately, we cannot rely on c of that rtb IV to go all the way back to I of [V] - which started at around $250, but if we could ... I'd consider that a good short trade :-)
BTW, III is about 5 points longer than I

[finster869]

(07-05-2010 06:23 PM)ruby Wrote:  Finster, on dailyfx you can see the gold chart going back to 1971. The way I would count it from across the room, we had the top of [I] in 1975, [III] topped in 1980, [IV] bottomed in 1999. I of [V] topped in 2006, III of [V] topped in 2008 and b of the rtb IV of [V] just topped or will top soon after finishing its own c-wave. Unfortunately, we cannot rely on c of that rtb IV to go all the way back to I of [V] - which started at around $250, but if we could ... I'd consider that a good short trade :-)
BTW, III is about 5 points longer than I

I guess time will tell, but the drop to 680 in Oct of 2008 looks like a classic A, B, C to me, not a "5 wave" A.

[ruby]

MacD-divergence will tell very soon. A waves look like that all the time - which is why I've counted them wrong till Tom surprised me a couple of days ago with the statement that they're always five wave moves. Even here in this forum there were people speaking of "c of A", without anybody complaining.

[Steely Dan]

Here is Gold shorter term. The weekly is at the top of a wedge shape and the 4 hr shown here is essentially the battle to break through the top resistance line of said wedge.

Dan

[finster869]

I basically have the same count, but, be careful. We can keep on doing these 1,2,3,a,b,4c for a long time without going down. My trends forecaster, Gerald Celente, sent out a message over the weekend saying that if gold blew through $1325 this week, then it would takeout $1,400 (he has been calling for gold $2,000 since 2008). He sent out a similar message when gold was at $1,200 saying if it took out $1,225 it would reach $1,300, and it did very quickly.

   

[Steely Dan]

Thanks for that Finster, Silver up even stronger and copper too. I know not to stand in the way of these moves but will keep tracking. 1312.6 is my highest 4C now. Imho it has to go if the more bearish S&P count is to become favoured.

[finster869]

Dan- Do you have an updated count from Sept 30th? I cant decide if we are in a 4c or if gold topped.