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Daily Digger - Tuesday Jan. 4, '05


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i would not even consider prechter.

the correction is upon us. the fear greed dude put targets on the xau @94.38,90.51, and 85.71. i am counting this as a c wave and am looking below 90, but i may change my mind if conditions warrant it. my experience in the 70s was, gold takes time, alot of time, but when it gets going its something to behold. it takes alot of patience.  and not playing on margin so you can fight and win the war.  dharma

 

 

Kidding about Prechter. Slim chance we bottomed at least short term here. 2/3 correction Silver 5.40-8.15. We're 30 days from the December 4th highs. Lightly long March Silver from 6.39.

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divergences on hourly 9bar rsi for the xau. will wait for the market to have a bullish hour and then will start to add slowly. will try and keep posting. dharma

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