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Hi Charles:
This is the same 60-min Spot Gold chart I have sent out earlier on. The
only thing I added is the THICK black downward sloping fork; which is the
same one on the Daily timeframe. The 60-min steel blue upward sloping fork
shows price actions have already decisively punched through it to the upside
and now its upper median line is acting as support and longs should be
committed at or near it's upper median line. But the Thick black downward
sloping pitchfork suggests we are nearing its upper median line and shorts
should be committed once price actions reach the level of its upper median
line. Hence, we are really at a 'make or break' point here and waiting for
price actions to confirm the validity of ONE of the forks. Hope this helps
Note: time line (red verticals) suggests we still have a bit of time to go
before any meaningful trading decision can be made.
Have a good one
Jeff Harteam
-----Original Message-----
From: realtraders@xxxxxxxxxxxxxxx [mailto:realtraders@xxxxxxxxxxxxxxx] On
Behalf Of Jeff
Sent: Thursday, September 18, 2008 9:40 PM
To: realtraders@xxxxxxxxxxxxxxx
Subject: RE: [RT] RE: Gold
Hi Charles:
Please take a look at Carsten White upward sloping fork, yesterday's
powerful up move has punched through the Median Line, it is called a zoomed
bar; and after a zoom; there should be a re-test of the Median Line (which
is what the intraday price actions are doing at this point in time (either
this is a continuation triangle to the upside OF a triangle top). If it is
a triangle top; then price actions are respecting MY Downward Sloping Daily
pitchfork; as the extreme high of yesterday's up move was stopped dead on on
my downward sloping upper median line. Charles, RIGHT NOW is the 'make or
break' point of any new up trend. Hope my explanation is helpful to you.
Let me know if you need more info about this please..Take care.
Have a good one
Jeff
-----Original Message-----
From: realtraders@xxxxxxxxxxxxxxx [mailto:realtraders@xxxxxxxxxxxxxxx] On
Behalf Of c.l
Sent: Thursday, September 18, 2008 9:21 PM
To: realtraders@xxxxxxxxxxxxxxx
Subject: Re: [RT] RE: Gold
chas,
each line a lower or upper or medianline is an price attractor.. so if price
climbes above a line like the medianline. the nbext target should be the
upper line.
of course that happens only in 80% of the cases ( according to dr. andrews)
so you should also know what can happen if price doesn't go to the next
line.
but i guess the other could explain it in bettter english then i do ...
maybe it helps for the beginning
carsten
----- Original Message -----
From: "chaze" <chaze@xxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, September 18, 2008 3:08 PM
Subject: Re: [RT] RE: Gold
> ML Guys-
>
> Please, I'm a little confused. Exactly where is the 'make
> or break' point for any
> new uptrend. The Lower Medium Line; or the Middle Medium
> Line? Thank you.
>
> Chas
> =====
>
>
>
> On Thu, 18 Sep 2008 18:54:27 +0800
> "Jeff" <jharteam@xxxxxxxxxxxxxx> wrote:
> > 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
> >>
> >>
> >>
> >
> >
>
>
> ------------------------------------
>
> Yahoo! Groups Links
>
>
>
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