Heading into the close 01/21/2010

January 21, 2010, Posted by ttbm at 3:32 pm

As we head into the close today, a few thoughts:…

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Currently have 3 Comments

  1. Blake Cantley says:
    January 21, 2010 at 4:22 pm

    So you guys no longer expect that 1091 will hold for gold and now think it exptends down to 1017? In the “futures update” it read as though you thought gold would now be ready to move up and would trigger a buy above 1146. Thanks for the clarification!

  2. ttbm says:
    January 21, 2010 at 4:34 pm

    Hey Blake,

    That 1017 level was a typo. It should read 1071. Sorry for the confusion. Also, scenario one if we broke 1146 would indicate the wave c higher had begun. Scenario two was that the current move down could be labeled as a wave B and would have 1191 as the main EW target, while if the move extended it should hit the 1171 target. Hope this helps….
    Alex

  3. Blake Cantley says:
    January 21, 2010 at 4:35 pm

    Ok thanks! That makes more sense, thanks again Alex

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