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11-16-2009, 02:44 PM #31936
" mark " is short for the name Marketwavez .... kinda like a nickname
Originally Posted by CodyB
11-16-2009, 03:36 PM #31937
A few things to note about the explanation of a Dragon fly doji. I bolded them in the copied expanation below. A Dragon fly does not signal a bottom and needs future confirmation of a reversal. I am sure you know this already but I posted it anyway since it may benefit somebody else.
Originally Posted by VINCY BALBOA
Dragon Fly Doji
Dragon fly doji form when the open, high and close are equal and the low creates a long lower shadow. The resulting candlestick looks like a "T" with a long lower shadow and no upper shadow. Dragon fly doji indicate that sellers dominated trading and drove prices lower during the session. By the end of the session, buyers resurfaced and pushed prices back to the opening level and the session high.
The reversal implications of a dragon fly doji depend on previous price action and future confirmation. The long lower shadow provides evidence of buying pressure, but the low indicates that plenty of sellers still loom. After a long downtrend, long black candlestick, or at support, a dragon fly doji could signal a potential bullish reversal or bottom. After a long uptrend, long white candlestick or at resistance, the long lower shadow could foreshadow a potential bearish reversal or top. Bearish or bullish confirmation is required for both situations.
11-16-2009, 05:21 PM #31938
Gold boys,this fella is getting ready for landing.perhaps a few more gentle push up
EDIT: Jay,for wave A internal,read page 62 EWP,alternation within corrective wave.
Last edited by mike3gdc; 11-16-2009 at 05:57 PM.
11-16-2009, 05:44 PM #31939
My monthly gold chart ------------>
Originally Posted by mike3gdc
Looking for a major reversal around current prices.....
Last edited by brad_1199; 11-16-2009 at 06:03 PM.
11-16-2009, 05:50 PM #31940
Pull up an Inflation Adjusted Gold Price
chart from 1970 onwards .then see how the picture looks?
11-16-2009, 05:54 PM #31941
I am on hunting today...! beautiful set up on OIL
11-16-2009, 05:56 PM #31942
if indeed the rally is wave B of an expanded flat (which it very well could be as per the presence of the triangle as b of B) then levels to watch are 1158 and 1198. these are the 127% and 138.2% levels of wave A.
11-16-2009, 06:02 PM #31943
Last edited by MrWilson; 11-16-2009 at 06:06 PM.
11-16-2009, 06:27 PM #31944
Last edited by brad_1199; 11-16-2009 at 06:37 PM.
11-16-2009, 06:57 PM #31945
Last edited by mike3gdc; 11-16-2009 at 07:15 PM.
11-16-2009, 07:11 PM #31946
It seems Cocoa has topped....Cocoa and Gold have been riding on pretty much same structure since the top last year.they've been both forming an Expanded Flat.(it is obvious on Cocoa).
11-16-2009, 07:11 PM #31947
The EWI 'ers seem to be looking for a "double retratment" that may never come.
There's a host of other count options rather than a B of a flat or running tri...
For now the Simple measured move target gives 1175 area on GC #F
Last edited by MrWilson; 11-16-2009 at 07:23 PM.
11-16-2009, 07:21 PM #31948
Excellent Gold Charts Brad...as usual simple & beautiful
Originally Posted by brad_1199
11-16-2009, 08:32 PM #31949
Can all you wave B gold crowd please show me your counts in EURGOLD, AUDGOLD or CADGOLD?
Then reference back turn dates......if you did this you would see that your current end of wave A is in fact a irregular B wave of an X!!
The complete correction is over....I wished somebody would refute me...
The possibility does exist that but just look at gold in other currencies!!! The count is there for all to see!!! Pull up GBPGOLD!
We blew past my first iii target @ 1111 and now approaching 1164!
the 2.618 extension is 1248!
11-16-2009, 11:20 PM #31950
That is Great Mark!!! ...
Originally Posted by marketwavez2
You made money...I am finding what was my Mistake..
Now i See the Falling Flag 15 minute chart on UJ..
and I would Love to SEE YOUR NEXT CALL
The Chinese Dragon!! :)
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