dispensing with the liability of complaints that I'm taking over other people's threads, I'm going monastic, visitors welcome but its going to be a new level of RIDICUL-osity if someone comes to my rental and still complains that I took over the thread continuation from here http://www.elitetrader.com/et/index...ression-2-underway-as-of-july-25-2014.285762/
My perception was Gold bottomed on June 28, 2013 @ 1179.4 and the sideways move for months is a 1-2, 1-2 subdividing to generate a big move north. Why do I negate the universally held and agreed upon triangle on Daily? Because the market rarely rewards the majority consensus. So I discarded it. If the triangle consensus is indeed the rare time reward is dished out, then its clear as a bell as that triangle is a wave 4. So the bottom will be well below. In this case the bottom will be 1,017 So I bought and bought. But mind you I did not buy prior to June 2013 during the crash. To be continued .......
No entry yet but the entry number remains valid but the STOP is changed to 1180.94 for the time being. Waiting to see if Oct 6 will hold
http://www.elitetrader.com/et/index...s-going-loooooower.232564/page-5#post-3831813 Shame I'm now retired from posting actionable info. Some might leak out , so keep reading