Dislikedshort-term bears on the way..
when it stops, long-term bull will take us to another level --> 2000Ignored
Haha! Bitter man. No son, the problem is you don't understand the difference between 'trend' and 'direction'. The trend can be UP while the direction can be 'DOWN'. This is what confuses you. The TREND in gold is up, but the current direction is down. IF the BULL is still in tact the direction of gold will continue with the trend i.e. UP after the correction.
Yes, there is a point when the up trend will change to a down trend, but we are not there yet. I know you jizz your pants every time gold corrects, but chill out man.
I am actually talking about direction as we live in the present. Everybody knows gold has gone up since say 10 years ago. But when in a period of one month it jumps $300 and so called experts encourage other specially the newbies to just buy and buy and buy using their so-called charts, you saw what happened. Just count the number of people whom lost money in that thread.
I, personally stopped adding to my longs at the point I figured it was too fast. I did not give a rats even if 10000 charts said gold will go up from that point.
- #784
- Edited 3:42am Aug 30, 2011 2:27am | Edited 3:42am
Okay, now all truth about 2000$/oz and so on...
When we talking about "market-has-ended-previous-trend" we should understand, that every new one REAL trend (not direction
) will begin from the fastest and biggest opposite market move (DIRECTION! 
) since last REAL trend begin.
So in this case, if we're assume that current market is in NEoWave Diametric phase (the best one guess for today), we can easily see, that drop (you call it market crash) is the faster and bigger than fastest and biggest decline since Diametric begins (see blue rectangles). If so - we can assume Gold has ended bull market at the 1914 top, but there is one problem... When NEoWave forecasting technics are used - the best chart to use with it is logarithmic. I have NO log chart here, but LOG chart saying us that Gold MUST DROP below 1600, to confirm bull market end...
If gold will continue stay higher than 1600 until end of blue rectangle (15.10.2011) we should wait for prices higher than 2000$/oz.
When we talking about "market-has-ended-previous-trend" we should understand, that every new one REAL trend (not direction
) will begin from the fastest and biggest opposite market move (DIRECTION! ) since last REAL trend begin.So in this case, if we're assume that current market is in NEoWave Diametric phase (the best one guess for today), we can easily see, that drop (you call it market crash) is the faster and bigger than fastest and biggest decline since Diametric begins (see blue rectangles). If so - we can assume Gold has ended bull market at the 1914 top, but there is one problem... When NEoWave forecasting technics are used - the best chart to use with it is logarithmic. I have NO log chart here, but LOG chart saying us that Gold MUST DROP below 1600, to confirm bull market end...
If gold will continue stay higher than 1600 until end of blue rectangle (15.10.2011) we should wait for prices higher than 2000$/oz.
- #797
- Aug 30, 2011 9:48am Aug 30, 2011 9:48am
can you post a chart?
According to NEoWave current move (yellow wave-a) could be a part of red wave-b (now drawn on chart), and here we have two options:
1. Flat is forming, than red wave-b will end around markets high (1914), or will make a NEW ONE high (138.2% from red-wave-a is possible maximum target for red wave-b), after it ends - red wave-c will continue downtrend for a while.
2. Triangle is forming, in this case - red wave-b should make a top around current YELLOW wave-a high (61.8% retracement).
Current (todays) price action says me that Flat is more possible than triangle, so we have to wait new highs soon (or upside movement until 1914). Also red wave-b, if Flat is forming, must take at least double time than red wave-a (yellow vertical line).
Gann S9 says me, the next important turn point for Gold should occur 12-19 Sep, so red wave-b possible ends in this period, and red wave-c will make a new drop for a Gold. But in this case, even gold will drop again from 1914 levels, global utrend will NOT BE finished, and after red wave-c ends - we will see new highs (like 2000$/oz). The only thing can say us Gold bull market has ended - is the drop lower than 1600 until 15.10.2011.
Stay tuned
- #799
- Edited 10:31am Aug 30, 2011 10:08am | Edited 10:31am
can you estimate to what price will the new drop made by red wave-c?
But just for you:The red-dashed line is the 138.2% target from current drop, so the maximum target for red wave-b is around 1991. Normally in Flats wave-a = wave-c by size and time, wave-b is equal wave-a/c just by size. If so - red wave-b will ends near current market high (1914). Bold red and Green lines are target projections from maximum and normal red wave-b options.
If red wave-b will be powerful (bold, red) - wave-c should produce drop till 1781.
If red wave-b will be normal (bold, green) - wave-c should produce drop till 1702.
This count should stay real until 1702 is broken before new historical high.
Oh mate, i better go home and smoke some nice stuff from Amsterdam
The red-dashed line is the 138.2% target from current drop, so the maximum target for red wave-b is around 1991. Normally in Flats wave-a = wave-c by size and time. If so - red wave-b will ends near current market high (1914). Bold red and Green lines are target projections from maximum and normal red wave-b options.
If red wave-b will be powerful (bold, red) - wave-c should produce drop till 1781.
If red wave-b will be normal (bold, green) - wave-c should...