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Hi Don-
FWIW....(and what do I know w/ this mental masturbation) I
tend to think we have completed either Wave A
and Wave B will (as you pointed out in your previous post)
be a double top or a failed 5 upwaves, meaning
C is still coming with lower prices. Alternatively, the
bottom might already be in and we are in another
impusle wave/phase. I appreciate your valued feedback and
informatin.
Chas
----
On Mon, 12 May 2008 08:24:33 -0500
"Don Ewers" <dewers@xxxxxxxxxxx> wrote:
> The PTI is just below it currently, 34.
>
> I also would note that the 10/70 oscillator has "lost
>control" (dropped below the zero line in excess of 40% of
>the up rise in the oscillator). This is normally a
>warning sign that the profit taking is abnormal (normal
>would be a correction), so this could lead to lower
>prices. I would start putting validity to the 1 & the 2
>of the "1" or A and "2" or B at this point. If true, we
>are currently in minor wave 2 of large wave 3,
>potentially? Since we are going to be moving to the next
>gold contract, I would want to see if it is telling a
>similar story at this point.
> Don Ewers
>
> ----- Original Message -----
> From: Charles Meyer
> To: realtraders@xxxxxxxxxxxxxxx
> Sent: Sunday, May 11, 2008 7:51 PM
> Subject: Re: [RT] Spot Gold
>
>
> Don-
>
> Can you update us as to the level of the PTI? Has it
> gone below 35? Tks for any feedback.
>
> Chas
> ----
>
> On Mon, 28 Apr 2008 07:20:28 -0500
> "Don Ewers" <dewers@xxxxxxxxxxx> wrote:
> > 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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> >
> >
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> >Release Date: 4/27/2008 9:39 AM
>
>
>
>
>
>
> ------------------------------------------------------------------------------
>
>
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>Release Date: 5/10/2008 11:12 AM
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