brian used 3%x3box reversal, the default is 1%x3box reversal,
& if that is used the price projection is 1457...if you use the
true range the price projection is 2309 and if you use traditional
the price projection is 1550...no clear cut price projection at
this time imo...this bear move is getting fairly long in the tooth
also...
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link to Brian Bloom's essay on gold
GDX - Has an A-B-C pullback on 60Min chart...
Posted by dallassteve on 3rd of May 2012 at 10:56 am
sorry about that.
FWIW
http://www.gold-eagle.com/editorials_12/bloom042112.html
point & figure differences
Posted by 8899 on 3rd of May 2012 at 11:30 am
brian used 3%x3box reversal, the default is 1%x3box reversal, & if that is used the price projection is 1457...if you use the true range the price projection is 2309 and if you use traditional the price projection is 1550...no clear cut price projection at this time imo...this bear move is getting fairly long in the tooth also...