And a correction
posted on
Oct 07, 2009 12:09PM
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When I spoke of the end of the 1st wave at 850 or 950; I meant the 2nd wave correction of the first wave.
I will post a link to the chart I use for gold. It is not short term. The oscillators have a long way to go to reach a "really overbought" condition. The inverse H&S bottom projects near 1300. The completed 3rd wave projects at either 1400 or 1500 depending on the point one chooses for the completion of the 1st wave (approx 850 for an ABC correction or 950 for an ABCDE correction).
P.