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Hi Carsten & traders:
Intraday charts have already tested and are still testing the Daily Median
Line at around 868.5 ~ 870.0; intraday pattern is in the making but has not
been resolved yet. It is important to note that both my Daily upward
sloping fork and yours have NOT been tested of their validity yet. All the
same, thank you for you contribution and insight. Price Actions and Babson
Action/Reaction time line will point to a resolution of the current posture
of Gold. I will post some intraday charts later once pattern starts
showing up. Take care.
Have a good one
Jeff Harteam
-----Original Message-----
From: realtraders@xxxxxxxxxxxxxxx [mailto:realtraders@xxxxxxxxxxxxxxx] On
Behalf Of c.l
Sent: Thursday, September 18, 2008 6:13 PM
To: realtraders@xxxxxxxxxxxxxxx
Subject: Re: [RT] RE: Gold
hi jeff and all the others,
i have put in also a new up fork and we have already got the first target
the medianline.
so we could see a retest of this white ml after this zoom bar. next target
would be the white upper mlh.
since we have seen a new swing high above the high from 28.8.08 we are in a
new uptrend.
otherwise ( and the ma50 is still falling) we could see a drop below the ml
and i guess that would mean we have not seen the lows.
then i would lavbel this upmove as a P4 and we still have to see a P5.
good luck
carsten
----- Original Message -----
From: "Jeff" <jharteam@xxxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, September 18, 2008 5:13 AM
Subject: [RT] RE: Gold
> Greeting Traders:
>
> Gold yesterday's powerful up move was caused by an intraday Butterfly
> Harmonic pattern; currently, the rally of Gold is halted by a downward
> sloping Daily pitchfork; possibility of another down move is at sight in
> response to the said Daily pitchfork. The overall long-term posture of
Gold
> is one of bullishness as depicted on the Daily chart; this upward sloping
> fork has NOT been tested yet of its validity. A decline to its Lower
Median
> Line would be an ideal setup to monitor of its validity and act
accordingly
> for the bullish scenario. Attached is the 60-min and Daily spot gold
> charts. Take care.
>
> Have a good one
> Jeff Harteam
>
> -----Original Message-----
> From: realtraders@xxxxxxxxxxxxxxx [mailto:realtraders@xxxxxxxxxxxxxxx] On
> Behalf Of chaze
> Sent: Thursday, September 18, 2008 8:55 AM
> To: realtraders@xxxxxxxxxxxxxxx
> Subject: [RT] gold
>
> Ben-
>
> Any chance we can view your gold charts? If this is a sub
> that's OK; I understand.
>
> Best regards,
> Chas
>
>
>
------------------------------------
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