Posted by frtaylor on 29th of Aug 2011 at 09:28 am
Matt, thx for the commodity newsletter. Curious why you
don't see the gold correction as being in B of a simple ABC
correction. With such a steep initial move down, it seems to
me the bounce was a snapback and it might well go down to a lower
low in a C wave. I don't own gold and I'm looking for an
entry, that's why I'm so interested.
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Gold: not an ABC correction?
Posted by frtaylor on 29th of Aug 2011 at 09:28 am
Matt, thx for the commodity newsletter. Curious why you don't see the gold correction as being in B of a simple ABC correction. With such a steep initial move down, it seems to me the bounce was a snapback and it might well go down to a lower low in a C wave. I don't own gold and I'm looking for an entry, that's why I'm so interested.