Ben,
Since the Crude Oil CLM8 chart is now showing 5
waves, there is no PTI.
The PTI is the measure of profit taking in a wave
4 and only appears when the count is in one.
If the count does indeed change (due to the
height of the wave 5 5/35 oscilator and 10/70) if prices come back down and
the chart relabels the PTI will reappear. I will try to post if that
occurs.
Since AGET allows one to go back in time, I can
tell you that at the bottom of the Wave 4 Jan 21 2008 that is now showing the
PTI was 52, indicating a new high in a wave 5 was coming, which indeed did
occur (see attached). Keep in mind this chart is in training mode and it
is not the current chart.
Don Ewers
----- Original Message -----
Sent: Tuesday, May 13, 2008 9:31
PM
Subject: Re: [RT] Spot Gold
Don
what it the pti at this levells?
Ben
----- Original Message -----
Sent: Tuesday, May 13, 2008 9:51
PM
Subject: Re: [RT] Spot Gold
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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