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All That Glitterz...


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Market is unchanged but look at CYMI, KLAC, QLGC....etc

 

Everytime they start moving, they move fast more than a day and everybody knows that..

So, since everybody is smarter than others, they think they can buy them and sell them higher for a lesser intelligent one.

 

Amazingly, this works all the time, so efficient market my AZZZZ..

 

Obviously I am an idiot to think people are going to realize this game and it will disappear one day..

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Which is why it confuses me a lot that the e-waves and the cycles reach two so different conclusions in the case of gold... :(

 

Regards,

Vesselin

Dr. B,

 

I've wondered the same thing about gold in trying to understand the prediction for a move down to circa $200. Looking at the gold chart since 1980, I just don't see a E-wave count that makes sense. Can we take this over to Stool's Gold this weekend? It's an important point.

 

SF

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I've wondered the same thing about gold in trying to understand the prediction for a move down to circa $200. Looking at the gold chart since 1980, I just don't see a E-wave count that makes sense. Can we take this over to Stool's Gold this weekend? It's an important point.

Sure, go ahead. The bearish e-wave count for gold that points to around 185 is pretty obvious. Usually on every e-wave chart there are at least two alternate wave counts - one bullish and one bearish - and sometimes there are even more. But I can't see any bullish e-wave count on that long-term gold chart - and this confuses me even further.

 

Of course, I am a very mediocre Elliottician; I prefer to use other techniques. Maybe SG would be willing to join the discussion?

 

Regards,

Vesselin

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Mousey, I think you asked about volume a page or so back.

 

Assuming SPX volume, The volume peaked about 13:50 est. It is subsiding but still mostly green, buying..... I will be looking to see what happens after 14:30 est. I would like to see some tall red volume spikes...... we shall see......

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