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Thread: Oil & Gold
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Old 10-07-2009, 09:30 AM
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Sean Hyman Sean Hyman is offline
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Quote:
Originally Posted by speculator84 View Post
I guess I should contribute to the action...

Looking ahead for today, any dips into the 1035-40 range I'll be buying.

We're in a very powerful and stable up move.

This chart shows, elloit wave, a gann box and fib projections off the recent pivot (Wave 2).

The thick redline accross the screen is the daily breakout point, drawn from the last 3 big tops. A retest here would be better sooner than later....this is @ $1025.

Scaled buying into $1025 and stop just below 1000 is a pretty nice play here for this setup.

We've smashed through the 1.618 projection, final destination is higher...
I'll also throw out there that there is a delta turning point due very soon (within 2 days) so time is limited.
speculator, thanks for providing your thoughts and chart on gold. I appreciate that.

Man, that's a lot of lines. haha!

Hey, here's Dennis Gartman's thoughts on gold: Dennis Gartman video on Gold: Bloomberg News
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