Posted by steve101 on 23rd of Nov 2016 at 08:58 am
Steve, however, the commercial net short is still not in the
range, so far as we know, and I did a count on the dollar as an ABC
off the 2008 low, with a price projection of 106.7 if wave C =
1.618 of wave A. In this count the dollar would be in wave 5 of C
which could take until next spring to fully play out.
Also, regarding miners
USA Durable Goods Orders (MoM) for Oct 4.80% vs 1.50% ...
Posted by steve101 on 23rd of Nov 2016 at 08:58 am
Steve, however, the commercial net short is still not in the range, so far as we know, and I did a count on the dollar as an ABC off the 2008 low, with a price projection of 106.7 if wave C = 1.618 of wave A. In this count the dollar would be in wave 5 of C which could take until next spring to fully play out.
Thanks Steve101 - the trend
Posted by steve on 23rd of Nov 2016 at 09:06 am
Thanks Steve101 - the trend is your friend until Evidence changes