Replies to post #14650 on Mostly: Classical

[Chary]

Where is GCZ5 going to find support? $455 area?

$455?
Check out this FIB voodoo bullshit Frank. I like that word as well.(o:>*
11 different days can be used as FIB "inputs" that point,in some way, to $455 as support.
11 different days, I think that's wild.

Check it out.
[1] Coming back into a Swing point (high) of 8/12/2005 is 455.30
[2]Confluence(greenish red brick)
Using:
the low of 7/15/2005 as A1
the low of 8/30/2005 as A2
the high of 9/20/2005 as Focus point
Produces a confluence area with the top of the brick being $455.53
[3]Red ABC Up
Using:
the low of 7/27/2005 as A
the high of 8/4/2005 as B
the low of 8/9/2005 as c
Produced a 1:1.0 expansion of $455.70 we went throgh on the way up.
Now going to act as support on the way down?
[4]Black ABC up
Using:
the low of 8/30/2005 as A
the high of 9/12/2005 as B
the low of 9/13/2005 as c
Produced a break out point or level from this ABC up of $455.80
Retracing back to a break out point, break out point should act as support.
[5]Yellow ABC down
Using:
the high of 10/12/2005 as A
the low of 10/20/2005 as B
the high of 10/27/2005 as c
Produces a 1:1.0 expansion down to $456.70
The LOw on Friday 11/4/2005 dipped to $456.10 and then closed up to $457.90.
Now that the ABC 1:1.0 ABC down is complete are we going to get a reversal here?


Seems to me with this ABC down getting reached along with our backs pretty close to being
against the wall of 1,2,3,4 above $455 is going to act as support. Nice place to enter golds
that also are back up to support. If we are wrong will we find out quickly and this are not
to crash to far before they hit temp support giving one a chance to get out.

[nspolar]

"odds of a significant up move is very good."

Better than good imo Frank.

The inflation gurus are slowly waking up. The TNX/TYX appear to have bottomed. Until inflation is fact to everyone however, more than pm's may do okay. A lot of mullah sloshing around in the system, imo.

http://www.ttrader.com/mycharts/display.php?p=37154&u=nspolar&a=nspolar's%20charts&id=42....

http://www.ttrader.com/mycharts/display.php?p=37155&u=nspolar&a=nspolar's%20charts&id=42....

http://www.ttrader.com/mycharts/display.php?p=37187&u=nspolar&a=nspolar's%20charts&id=42....

http://www.ttrader.com/mycharts/display.php?p=37188&u=nspolar&a=nspolar's%20charts&id=42....

http://www.ttrader.com/mycharts/display.php?p=37163&u=nspolar&a=nspolar's%20charts&id=42....

I make no secret of the fact I like leverage, and I like Drooy here for a big play. I like a lot of stuff re pm's. Slowly walking my way out of a huge dollar value in Tenke. Time to rotate on.

I also like some tech and general market stuff. I think a huge move is coming, and pm's are going to lead, not lag. I am playing some options in this one. Just started taking a stake.

http://www.ttrader.com/mycharts/display.php?p=37141&u=nspolar&a=nspolar's%20charts&id=42....

http://www.ttrader.com/mycharts/display.php?p=37139&u=nspolar&a=nspolar's%20charts&id=42....

A big blast up makes no sense to a lot of bears, re general markets. Markets don't necessarily make sense to the general public. Nasty is set to blow up, not down. So shall we see.

If my Time Warner options head in the correct direction I will double, triple and quadruple up. My current calculations and analysis indicate low risk, huge upside potential .... but timing is always critical.

And Goog ... onward and upward. Ain't touching no Goog poots for a while neither. Have done okay on those I have had ... but standing aside for a spell. I think a big top comes in '06 for a lot of stuff .... and the top will be juicy indeed.

[amarksp]

those sneaky Russians...?

"Citigroup raises palladium price forecast

Citigroup increased its palladium price forecasts on Monday mainly because it said Russian stockspiles are much smaller than previously expected.

"We believe that Norilsk Nickel's stockpile is insignificant and that the government-held stockpiles have now dwindled to just over 1 million ounces," said analyst Fidelis Madavo in a research note.

"Our view is that based on new production alone, the palladium market is presently in deficit. Prices may rally strongly once the market realises that above-ground inventories may not be so large after all." Madavo boosted his average price forecast for 2005 to $198 per ounce from a previous forecast of $191, for 2006 to $265 from $206 and for 2007 to $353 from $231."