Comments on: Updating Gold’s Expanding Daily Arc http://blog.afraidtotrade.com/updating-golds-expanding-daily-arc/ Helping traders overcome fears and emotions in trading Thu, 09 Feb 2012 12:51:11 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: sandew http://blog.afraidtotrade.com/updating-golds-expanding-daily-arc/comment-page-1/#comment-213472 sandew Sun, 08 Nov 2009 20:24:07 +0000 http://blog.afraidtotrade.com/?p=4887#comment-213472 "But gold might be the exception, because it represents ‘real money’ and more people are questioning the global paper money system, Prechter is reported to have said on Nov 7th. He believes while commodoties,stocks , debt, emerging markets will slide in wake of possible dollar strength soon; but not gold. (source investment postcards) “But gold might be the exception, because it represents ‘real money’ and more people are questioning the global paper money system, Prechter is reported to have said on Nov 7th. He believes while commodoties,stocks , debt, emerging markets will slide in wake of possible dollar strength soon; but not gold. (source investment postcards)

]]> By: sandew http://blog.afraidtotrade.com/updating-golds-expanding-daily-arc/comment-page-1/#comment-211186 sandew Sun, 08 Nov 2009 14:24:07 +0000 http://blog.afraidtotrade.com/?p=4887#comment-211186 "But gold might be the exception, because it represents ‘real money’ and more people are questioning the global paper money system, Prechter is reported to have said on Nov 7th. He believes while commodoties,stocks , debt, emerging markets will slide in wake of possible dollar strength soon; but not gold. (source investment postcards) “But gold might be the exception, because it represents ‘real money’ and more people are questioning the global paper money system, Prechter is reported to have said on Nov 7th. He believes while commodoties,stocks , debt, emerging markets will slide in wake of possible dollar strength soon; but not gold. (source investment postcards)

]]> By: Name http://blog.afraidtotrade.com/updating-golds-expanding-daily-arc/comment-page-1/#comment-211172 Name Fri, 06 Nov 2009 13:22:22 +0000 http://blog.afraidtotrade.com/?p=4887#comment-211172 Corey, thanks for your reply. The $USD is bouncing strongly on the unemployment report. This might be it.<br><br><br><br> . Corey, thanks for your reply. The $USD is bouncing strongly on the unemployment report. This might be it.

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]]> By: Corey Rosenbloom, CMT http://blog.afraidtotrade.com/updating-golds-expanding-daily-arc/comment-page-1/#comment-211171 Corey Rosenbloom, CMT Fri, 06 Nov 2009 12:57:29 +0000 http://blog.afraidtotrade.com/?p=4887#comment-211171 Thanks Dan!<br><br>Yes, Mr. Prechter believes gold is in a "B" wave that is ending nor or very very soon and then a C wave down is likely. Looking back longer, that does seem to be a logical count, and B waves can make new highs so the new high does not negate this count. <br><br>Much more upside in gold and we'll have to question just how 'corrective' this rally is. Thanks Dan!

Yes, Mr. Prechter believes gold is in a “B” wave that is ending nor or very very soon and then a C wave down is likely. Looking back longer, that does seem to be a logical count, and B waves can make new highs so the new high does not negate this count.

Much more upside in gold and we'll have to question just how 'corrective' this rally is.

]]> By: Corey Rosenbloom, CMT http://blog.afraidtotrade.com/updating-golds-expanding-daily-arc/comment-page-1/#comment-211170 Corey Rosenbloom, CMT Fri, 06 Nov 2009 12:55:58 +0000 http://blog.afraidtotrade.com/?p=4887#comment-211170 I actually labeled the 5-wave progression up before taking it down and choosing to focus only on the arc to simplify the chart. <br><br>Absolutely - clean progression up that - if the arc is broken - will be a powerful short-term sell signal, given that yesterday ended in a doji at the upper Bollinger Band (also not shown). I actually labeled the 5-wave progression up before taking it down and choosing to focus only on the arc to simplify the chart.

Absolutely – clean progression up that – if the arc is broken – will be a powerful short-term sell signal, given that yesterday ended in a doji at the upper Bollinger Band (also not shown).

]]> By: Name http://blog.afraidtotrade.com/updating-golds-expanding-daily-arc/comment-page-1/#comment-211169 Name Fri, 06 Nov 2009 12:21:44 +0000 http://blog.afraidtotrade.com/?p=4887#comment-211169 I can see 5 waves in gold from the last impulse.........<br><br>Es tostado soon. I can see 5 waves in gold from the last impulse………

Es tostado soon.

]]> By: Dan de Man http://blog.afraidtotrade.com/updating-golds-expanding-daily-arc/comment-page-1/#comment-211161 Dan de Man Fri, 06 Nov 2009 03:08:03 +0000 http://blog.afraidtotrade.com/?p=4887#comment-211161 Hi Corey,<br><br>You probably know this already but Robert Prechter is gold bear. Like you I like to remain neutral but there's nothing better than making quick money on the down side when this golden arc becomes a golden waterfall. When it happens it will probably be a bigger landslide for silver too. It'll be a 2 for 1 sale LOL<br><br><a href="http://www.theglobeandmail.com/globe-investor/e-zines/trade-by-numbers/a-bear-on-gold-when-the-rest-are-bullish/article1350292/" rel="nofollow">http://www.theglobeandmail.com/globe-investor/e...</a><br><br>All the best,<br>Dan Hi Corey,

You probably know this already but Robert Prechter is gold bear. Like you I like to remain neutral but there's nothing better than making quick money on the down side when this golden arc becomes a golden waterfall. When it happens it will probably be a bigger landslide for silver too. It'll be a 2 for 1 sale LOL

http://www.theglobeandmail.com/globe-investor/e...

All the best,
Dan

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