Anna i too have been bullish on GLD and slv. but i have been playing it carefully. Got burned years ago when it went from 300-600 and back to 300.
Right now iam seeing a pullback around the corner to maybe as low as 1150 again before a jump. i also notice the time spans between rises in gold. seems like it goes sideways for 4 months then a rise then sideways etc.
The spy 111 end of day
Ah, I see. Here is the bounces, and the nested 1-2s will be what I would call going to hell in a handbasket. 🙂
I think any shorts are going to be hammered rest of day.
May be an point late day.
¿Ingles?
I need to learn EW lingo.
Nice one again, San. ::thumbs up
Looking forward to the third touch on the bottom trendline.
It looks like we finally got some nice RSI divergence on the 60 min. 5 waves down off the high. Then a little bounce and hopefully forming nested 1-2s
Dow jones broadening bottom formation
http://niftychartsandpatterns.blogspot.com/2010…
Anna i too have been bullish on GLD and slv. but i have been playing it carefully. Got burned years ago when it went from 300-600 and back to 300.
Right now iam seeing a pullback around the corner to maybe as low as 1150 again before a jump. i also notice the time spans between rises in gold. seems like it goes sideways for 4 months then a rise then sideways etc.
My target for the whole move is 1075, but I think for today 1095 would be about the limit. You are probably right.
Read your stuff about silver and gold, Anna, and I think you are right on there, too. This is an opportunity for serious accumulation.
mY guess is 111 spy or 1110 spx 🙂