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Re: [RT] Spot Gold



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Thank you Don for the headsup!

Best wishes,
Chas



On Fri, 16 May 2008 17:42:20 -0500
  "Don Ewers" <dewers@xxxxxxxxxxx> wrote:
> Chas,
>FWIW, Gartman went long gold in the early am hours in the 
>low 880's this morning.  He had commented the day before 
>about the 860 level holding repeatly.
> 
> He is also long the Canadian$ (energy related and 
>grains) and the Euro (added a few days back on both). 
> Neither of these would bode well for a strong USD?
> Don Ewers
> 
>  ----- Original Message ----- 
>  From: Charles Meyer 
>  To: realtraders@xxxxxxxxxxxxxxx 
>  Sent: Wednesday, May 14, 2008 11:23 AM
>  Subject: Re: [RT] Spot Gold
> 
> 
>  Don-
> 
>  Wow, passionate work here. I see your projection (down 
>to 
>  circa 700) is also a lot lower.
>  In the spirit of sharing here is something addition on 
>  e-wave to keep you busy.
> 
>  I truly appreciate you sharing your work.
> 
>  Best regards,
>  Chas
> 
>  http://news.goldseek.com/AlfField/1209648332.php
> 
>  On Wed, 14 May 2008 07:36:34 -0500
>  "Don Ewers" <dewers@xxxxxxxxxxx> wrote:
>  > Chas,
>  > I would like to update my ZGM8 chart. 
>  > 
>  > When I ran the GCM8 it changed the start of Wave 1 
>  >forward in time, to a place I find much more 
>acceptable. 
>  > In retrospect, the positioning of Wave 1 on the ZGM8 
>  >chart is incorrect, something I have complained about 
>to 
>  >Esignal (this did not use to happen before). If you 
>look 
>  >carefully at the chart I posted on May 12 the Wave 2 
>is 
>  >lower than Wave 1. It should not have started the 
>count 
>  >there. I can force the counts starting point to move 
>and 
>  >I have done so on the attached chart of ZGM8. It is 
>now 
>  >much more in agreement with the GCM8 chart as far as 
>the 
>  >PTI . PTI of 12 on the ZGM8 (vs. the prior posted 34) 
>  >and PTI of 16 on the GCM8. Both charts are attached.
>  > 
>  > A low PTI 's like this most certainly put the (1) 
>double 
>  >top or (2) failed 5th wave (no new high) into play.
>  > Don Ewers
>  > 
>  > 
>  > ----- Original Message ----- 
>  > From: Don Ewers 
>  > To: realtraders@xxxxxxxxxxxxxxx 
>  > Sent: Monday, May 12, 2008 8:24 AM
>  > Subject: Re: [RT] Spot Gold
>  > 
>  > 
>  > 
>  > 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
>  > > -----
>  > > 
>  > > 
>  > > 
>  > > 
>  > > 
>  > > 
>  > > 
>  >----------------------------------------------------------
>  > > 
>  > > 
>  > > No virus found in this incoming message.
>  > > Checked by AVG. 
>  > > Version: 7.5.524 / Virus Database: 269.23.5/1400 - 
>  > >Release Date: 4/27/2008 9:39 AM
>  > 
>  > 
>  > 
>  > 
>  > 
>  > 
>----------------------------------------------------------
>  > 
>  > 
>  > No virus found in this incoming message.
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>  > Version: 7.5.524 / Virus Database: 269.23.15/1426 - 
>  >Release Date: 5/10/2008 11:12 AM
>  > 
>  > 
>  > 
>  > 
>  > 
>  > 
>----------------------------------------------------------
>  > 
>  > 
>  > No virus found in this incoming message.
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> 
> 
>   
> 
> 
> ------------------------------------------------------------------------------
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>Release Date: 5/14/2008 7:49 AM


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