One area for gold.



And two for the Pound.

I don't trade GLD but GC (actually a CFD for GC) so I don't follow it regularly.
Anyway, If this move up that started three days ago is a CD leg of W4 then 135 area looks like a very strong resistance.
Thanks for indicating it, mreiserer.

Originally posted by mreiserer

GLD possibly up to 135 and then wave 5?

Yes Al, my area looked easy today, but unfortunately it didn't work.

Originally posted by albert

rat and Marcin, you guys make it look so easy. Nice work.

Al Kamego

wow....they really don't want to let it look like it's going lower

spy turned up 2¢ above the .886 at 182.61.....now it's playing games as it approaches the area again. my observation is that if the .886 doesn't send it dramatically higher, and if it comes back to the area, it usually doesn't hold. we'll see.

exaclly my thoughts. flat abcd with abcd in bc leg.

Darn, I was all set to come in and do another one of my 'it sounds like a boast' but really isn't (just an amazement about how things work), but when I went to do it, I realized I put area #2 and #3 in my post, and not area #1. Area #1 was 33, and the HOD, as we all of course know, was 33. So, all I can say is if you do the basic work you know how I had that area, and realize it's no stretch to see that. The really cool part is the upsloping line that was right there. We all know about the need for the key downsloping line(s), but this upsloping line, that was the cool thing.

Okay, the long side play is starting to really take off nicely now. No one should be asking what long side play. It doesn't get much cleaner than that.

Getting cautious in here.

I sure would like to do this 'live' in a voice chat, but I'm not sure what good it would do, who it would help. But when I'm really reading it, it seems like it would be cool to do this. I think, though, it might distract me. I tried a chat room again a few years back, something that I could do with ease while concentrating (I can't do anything during the first few hours, only the slower later day when I have a mind map of the action and it's more robotic), but I didn't last five minutes. I'm not sure how voice chat would be...