Charmin Posted April 5, 2005 Report Share Posted April 5, 2005 I will stop counting when I get to 13.... Some pages to review.... Gold currently has excellent value relative to the price of crude oil. http://dvtechtalk.com/April/April5.htm Conversely, Gold remains in a trading range between $410 and $458 U.S. per ounce and is showing early signs of bottoming. The gold/oil ratio closed on Friday at 7.44, the lowest level in over four years. http://dvtechtalk.com/April/April4.htm The following chart is the weekly XGD.TO gold index and it is retesting the prior spring on lighter volume.... Link to comment Share on other sites More sharing options...
bearvest Posted April 5, 2005 Report Share Posted April 5, 2005 XAU: Simplicity--- But I think wave 4 will be more complex. Link to comment Share on other sites More sharing options...
bearvest Posted April 5, 2005 Report Share Posted April 5, 2005 Deleted and replaced Link to comment Share on other sites More sharing options...
bearvest Posted April 5, 2005 Report Share Posted April 5, 2005 HUI: I know a lot of you follow Trending 123. I believe on the noon update yesterday, John posted an HUI chart and suggested that waves 2 and 4 should fit neatly in a channel. That sure ain't Elliott. Under the Rule of Alternation, waves 2 and 4 should have marked differences--as to price, range, pattern, and duration. Frankly, if we don't break 91.78 on XAU today, I'd be looking for 95.50 or slightly more. As far as HUI goes, it's pure speculation on my part, but I think we break its uptrend line and find a double bottom support above 190.45. Link to comment Share on other sites More sharing options...
Charmin Posted April 5, 2005 Author Report Share Posted April 5, 2005 The XAU pulled back on a sharply higher Dollar, and in the process, creating bullish momentum. It now seems likely, we'll get a test of last weeks low, before the market moves higher. http://www.feargreed.com Link to comment Share on other sites More sharing options...
Charmin Posted April 5, 2005 Author Report Share Posted April 5, 2005 buck 85.09 prior high in Feb. around 85.50 Link to comment Share on other sites More sharing options...
Charmin Posted April 5, 2005 Author Report Share Posted April 5, 2005 DX could find resistance today with an upthrust and high last nigh Euro should rally with dollar breaking silver retesting last night and gold playing catchup Link to comment Share on other sites More sharing options...
Charmin Posted April 5, 2005 Author Report Share Posted April 5, 2005 silver... Link to comment Share on other sites More sharing options...
Charmin Posted April 5, 2005 Author Report Share Posted April 5, 2005 July silver 7.11 leading May silver 7.05 Link to comment Share on other sites More sharing options...
Charmin Posted April 5, 2005 Author Report Share Posted April 5, 2005 slight spring of March low on gold chart Link to comment Share on other sites More sharing options...
Charmin Posted April 5, 2005 Author Report Share Posted April 5, 2005 just about everything I like turns to mush but I like the looks of the gold chart though it is a low volume stock Link to comment Share on other sites More sharing options...
Charmin Posted April 5, 2005 Author Report Share Posted April 5, 2005 should see 7.25 in silver again Link to comment Share on other sites More sharing options...
Charmin Posted April 5, 2005 Author Report Share Posted April 5, 2005 looks like a Jan retest of support for SSRI Link to comment Share on other sites More sharing options...
Old Habits Posted April 5, 2005 Report Share Posted April 5, 2005 just about everything I like turns to mush but I like the looks of the gold chart though it is a low volume stock <{POST_SNAPBACK}> Do you like KRY? Link to comment Share on other sites More sharing options...
Charmin Posted April 5, 2005 Author Report Share Posted April 5, 2005 could possibly risk a small amount to enter here Link to comment Share on other sites More sharing options...
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