tp mods,
Attached is your chart. I am seeing a
similar 5 wave pattern.
I also note the 5/35 oscillator and the 10/70
which AGET software heavily relies on, is higher for wave 5 than on the wave
3. This suggests caution and that an expanding pattern might evolve
(wave 5 may be wave 3)?
I would be careful about a top in crude based on
this and if a wave 4 pullback evolves (the real one), it's severity will
gives some clues as to whether wave 5 will (1) make a new high, (2) double top
or (3) be a failed 5th wave with no new high). The AGET PTI will gives
some clues if and when the wave 4 evolves. Hope this helps.
Don Ewers
----- Original Message -----
Sent: Monday, May 12, 2008 10:01
PM
Subject: Re: [RT] Spot Gold
V.nice work Don,let us have your chart on CL as well.I can see 5th
wave is on completion on my screen but would love to have your expert
opinion on this.Do post your chart for CL if possible
--- On
Mon, 5/12/08, Don Ewers <dewers@xxxxxxxxnet>
wrote:
From: Don
Ewers <dewers@xxxxxxxxnet>
Subject:
Re: [RT] Spot Gold
To: realtraders@yahoogroups.com
Date:
Monday, May 12, 2008, 9:24 AM
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 -----
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@xxxxxxxx net>
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@ yahoogroups. com
> 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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