Re: [RT] Spot Gold

["Don Ewers" <dewers@xxxxxxxxxxx>]

Chas,

I am in the AGET long term count since the 5/35 oscillator, in the current wave 4 pullback, exceeded the -1.40 level below the zero line, signaling a switch to longer term count and the 10/70 oscillator (see attached, I added them).

Don Ewers

 

FYI - I don't know if you respect D. Gartman or not, but he sold his long gold position last week in the mid $920's and he is now bearish gold. To use his words today "GOLD'S ETF:GLD:The Early Stages Of A Bear Move Of Some Very Real Consequence?

 

Carl Futia is calling for a move to 780-800 also?

 

----- Original Message -----

From: Charles Meyer

To: realtraders@xxxxxxxxxxxxxxx

Sent: Monday, April 28, 2008 4:39 AM

Subject: Re: [RT] Spot Gold

Don wrote:

"AGET's PTI (profit taking index) is very close to sending
warning for (1) a double top in the pattern ( a move up in
a wave 5 will double top) or (2) a failed 5th wave
(meaning B was a "failed fifth" wave up). Time to be
careful with this puppy?"

-----------------

What time period do these price patterns cover? I'm
getting a different count? Tks for any comments.

Chas
-----

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