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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.
Dec. 23 open
53 minutes 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