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Mine too!!!!!
Lot's of head fakes these past couple of weeks, I still remain very cautious and don't think that today's move signified any change in trend. Take a look at the XAU P&F chart, we need to be at 104 or higher to confirm a breakout and we could easily head down from here at the same speed.
90% of stocks follow the index they trade in, although I think fundamentally WHT is a top choice in it's sector the index is weak. From the time I went long the XAU has show continued signs of weakness and I am no longer comfortable with my long positions for the short term. If the XAU sinks any lower I would suspect that the odds are in favor of sideways to lower prices for most stocks. I would tend to put the odds in my court and wait for a better entry.
I currently own WHT.
The hosting server for vestorAnalytics has been experiencing some problems that are being worked on. I have contacted the host and they are working on the problem, I apologize for any inconvienence.
Wow... What will they come up with next?
Gold/X-Dev Relationship....
We are going to go one way or the other real soon, but right now it looks to me like "no man's land" any opinions?...
Man, I am getting mixed signals. My timing system is very close to throwing off a long signal but the Elliott Wave counts show one more drop before the bottom is in. I've been in cash so long now I can't wait to trade, I just have the feeling that I may have to hold through a dip which I HATE to do.. lol....
Yea, I got that chart in my email too. So far there is no indication that the trend has changed based on that chart although I have mixed signals on the short term direction.
Beam me up Scotty!!!!
Here is my take which allows for the Greenspan effect:
From a short term TA and Elliott Wave perspective things are heating up. I've always made entries that I consider "early" based on my TA so I have been making it a point to get a second or if possible a third opinion from my mentors before making a move. On my chart below I see the XAU moving up against strong resistance from the long term grey channel and the mid term red channel. Stocs are entering overbought territory along with CCI. I will be watching Ryan's EW counts closely as my feeling would be to enter short here (but I'm usually early). Based on the Gold Miner the call would be to stay in cash and if using X-Dev to time the XAU a move to 105 would be the signal. I would consider the stop to be a break and hold above the two channel lines. The bullish case would be a break and hold above the two channels with stops just below.
Honestly I don't know but was making the assumption based on the speed of the cpu. If you know the mfg of the computer you can go to their web site and take a look at the specifications to double check.
Thank you sir, at this time I am still in cash looking at the EW 60min. charts for short entry. The counts need to be clear and remain valid before I pull the trigger. The EW short setup is a VST (very short term) play after that I would make a wild guess that the XAU bases for a few months before choosing a new direction.
Hey James, I don't trade pink sheet stocks. I got burned on them once (what a great learning experience) and now stick to the ones that trade on the major exchanges. When I choose stocks to go long I work with a list of about 50+ and when I choose short stocks I have a list of about 30 to work with. I don't get to involved with the fundamentals although they are used when I make my choices at the time of a signal. I know this board is mostly pink sheet stocks but I usually only post my sentiment on the XAU for what it's worth.
Talk to ya soon.
Ok, the next thing to check is the AGP slot architecture. On your new video card's packaging will be a list of specifications. You will be looking for the version of AGP the new card supports i.e. 1X 2X 3X 4X. The system your daughter has is a 1X system and some of the newer cards are not backward compatable to 1X anymore.
Let me know..
The Gold Miner indicators are still pointing down and if you look at the prospector indicator on the equity trend chart you can see that there is room to move lower. Based on the Elliott Wave counts the XAU is bouncing in wave B as a prelude to a short entry. The Gold Miner suggests more downside is possible but will not trigger a short signal. The system also suggests that the XAU is entering oversold territory from a monthly perspective. The X-Dev 3 day rule has put the XAU in a confirmed downtrend and if you use X-Dev as an index timing tool the next sell signal would also be a potential short entry signal as well.
My mini analysis would read as follows:
Gold Miner - Bearish
X-Dev - Bearish
Elliott Wave - Bearish
= short trades on the XAU would produce the best odds once short term indicators become overbought.
Looking at the P&F chart the Low Pole Reversal is still in tact but the XAU is hitting trend line resistance. As long as the P&F price stays below the trend line the price objective is 80 and signaling that short trades are best.
The Gold Miner indicators are still pointing down and if you look at the prospector indicator on the equity trend chart you can see that there is room to move lower. Based on the Elliott Wave counts the XAU is bouncing in wave B as a prelude to a short entry. The Gold Miner suggests more downside is possible but will not trigger a short signal. The system also suggests that the XAU is entering oversold territory from a monthly perspective. The X-Dev 3 day rule has put the XAU in a confirmed downtrend and if you use X-Dev as an index timing tool the next sell signal would also be a potential short entry signal as well.
My mini analysis would read as follows:
Gold Miner - Bearish
X-Dev - Bearish
Elliott Wave - Bearish
= short trades on the XAU would produce the best odds once short term indicators become overbought.
Looking at the P&F chart the Low Pole Reversal is still in tact but the XAU is hitting trend line resistance. As long as the P&F price stays below the trend line the price objective is 80 and signaling that short trades are best.
Hey Myst, you may need to check the refresh rates that the monitor can handle. Basically new video cards will use signals that older monitors can't handle resulting in the "Black Screen". To help you resolve the issue my first question would have to be: Do you get video right when you turn on the cpu. This would be the black screen with white lettering during the initial booting of the system?
I believe that the short and mid term trend in the XAU is now bearish. That means lower highs and lower lows near term. According to a longer term X-Dev setup of the XAU this area seems like a pretty good spot to start nibbling on some high quality gold and silver stocks for some longer term trading.
If you follow Elliott Wave this is leg A of an ABC retrace. From here we should expect another leg up allowing for a short term, short entry. From my last sell signal the XAU went flat and then broke down. I did not get a short signal off the system but I may pop in with some small shorts based on the wave counts. I would look for a retrace to the lower blue channel line on this chart for short entry, but would also take a look at fib levels and EW counts to get the actual price level.
Ryan at wavespeak.com ( http://www.vestoranalytics.com/vestorBoard/index.php?showforum=12 ) is one of the best ellioticians I have seen. If your into the wave you should check him out. He offers his free analysis of the XAU on my site under "The Gold Mine" link if you want to follow along.
Myst, is it possible to post a MRI of the XAU?
Same here.. closed my gold positions yesterday...
I think we are real close too Myst...
I am looking for the gap to be filled and a drop to the bottom blue channel line before we continue higher. My port has been increasing even with the XAU in the red which is a good sign of underlying strength. The pattern is real similar here and with Elliott Wave counts pointing to wave 5 up the next week or two should provide great buy opportunities
DROOY lookin good on pullbacks now:
Your making too much moola...