bearvest Posted March 16, 2005 Report Share Posted March 16, 2005 XAU: We're in the "in between" zone. Above 102.68, bullish. Below 99.93, bearish. Link to comment Share on other sites More sharing options...
bearvest Posted March 16, 2005 Report Share Posted March 16, 2005 bv, aureleus, this is from da chief-don wolanchuk. dont get too excited about being short bullion......as the jagi is looking alot higher......once the dx finishes its current bearish C wave to about the 87 level......the bullion should blast off.....the xau is in the final throws of a big contracting triangle that has been underway since november.......and once its finished in a month or 3 the whole pm sector should erupt.......all this of course is entirely conjecture based upon my humble opine onion..... link:http://traders-talk.com/mb2/index.php?showtopic=31304 its my take that the dolar rally in a C wave is just beginning, this will take some time. but then i expect the 78-80 basement floor to give way. buying weakness in the pms/miners its my strategy. dharma <{POST_SNAPBACK}> Dharma: I think we're on the same page. I see us stuck in a very long wave 4 that may be extending down with a dollar rally. Wave 2 was a triangle, and, in relation to wave 4, was brief. So the rule of alternation is respected. Regrettably, my count puts us in a major "C" wave, so the big wave v of 3 of C rally will be followed by a crushing decline in wave 4of C. Link to comment Share on other sites More sharing options...
Charmin Posted March 16, 2005 Author Report Share Posted March 16, 2005 PCU is in the area of a stochastic buy Trin... Link to comment Share on other sites More sharing options...
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