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This post is to alert you to the new page I have created. The link to this page can be found in the upper left hand corner of the home page or Here.
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This page is a my study of the C waves of the Gold Secular Bull market that began in 2001. I have attempted to render the 6 preceding ABCD wave patterns so the reader can see how this secular bull has progressed, and use my chart illustrations to add reference to where we are today.
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I have also written my observations of the data itself.
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My three hypotheses are:
1.) the larger the consolidation time of the ABCD pattern and the C wave itself, the larger the C wave parabolic rises above the 200 wma (weekly moving average) and the 200 dma (daily moving average)
2.) the current C wave, at a mere 39% above the 200 wma, and 9.7% above the 200 dma, is far from over
3.) the record suggests that our current C wave is unlikely to conclude before Dec '10.
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Any corrections to my drawings, data calculations or hypotheses will be graciously acknowledged and appreciated. My intention is to update this page each month.
Jan. 22 premarket
6 hours ago
ACCORDING TO ELLIOT WAVE TECHNICAL CHARTISTS, WAVE 5 IS OVER STARTING FROM $250 GOLD. AS THE GOLD HAS NOW BROKEN 1215 LOW, IT WILL SLOWLY DRIFT TO THE 4TH WAVE AT $680. INTERMEDIATE SUPPORTS ARE AT $1170, $1050. I SHALLY BE HIGHLY
ReplyDeleteOBLIGED IF YOUR GOODSELVES COULD DISCUSS WITH AN
ELLIOT WAVE TECHNICAL ANALYST AND REPLY ME THE OUTCOME AT MY E-MAIL ADDRESS :khaitandr@hotmail.com