JI
jimkane
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Posts: 33,089
I'm tired of saying 'if' about all the downside posts. If this gets going to the downside (I doubt it, I'm just so pessimistic, so why bother posting there levels...) I'm looking at 95-96 and 90-92 next.
JI
jimkane
Rep: 3,058
Posts: 33,089
Gold hit 1196.10, and that's drawing the snap reversal, as expected. But, I doubt it will matter to the bigger trend.
JI
jimkane
Rep: 3,058
Posts: 33,089
In reality, I know this is in an uptrend and I'm just fantasizing...
JI
jimkane
Rep: 3,058
Posts: 33,089
There's zero point to posting any more downside levels, as it seems it will now go up until close, but I was watching, for the very short-term, 1604, and 1599-1601 areas...
JI
jimkane
Rep: 3,058
Posts: 33,089
So, I think this will finish the day around 16-17 or so. No more downside. Again, it was set up perfectly for them to start crushing it, and the powers that be said no.
RO
roofer
Rep: 3,689
Posts: 3,574
jim asked about target.... i was thinking equal leg down to 152-3 area... but now we have more info... two 786 turns... that says triangle and damit probably means higher.....
RO
roofer
Rep: 3,689
Posts: 3,574
TLT update from previous... after taking half off on thursday morning as shown, the close on thursday left me with the same quandry we often get using the tools of this forum... price had thrust down, then done an abcd to line.. classic sell signal.. but given that our longer term charts suggest a larger low in bonds, the bullish scenario would have price completing abcd with equal legs with abcd as middle leg... so i marked an equal leg and placed stop twenty cents below... so far so good .. but time will tell...

