After the wave-5 (last week's high) was taken out by today's surge, based on current wave count, the next possible target for gold to finish its bull run is wave-9. In this case, the wave-8 needs to be in correction mode.
An alternative count is a-b-c-d-e. In this case, the bearish wave-1 needs to be impulsive mode.
Today (09/17/2010) gold completed wave-7 or alternatively wave-e. The short term target has been hit with today's high. Why? The following impulsive segments wave-1, wave-3, wave-5, and wave-7 are of the same size. Also the alternative wave-a and wave-b-to-e are of the same size. The corrective segments wave-4(b) and wave-6(d) are of the same size. With this measurement, the current moving down should target $1260 area first.
The final climax or the bear's capitulation has not been seen yet. I was confused by today's surge. If you have some other alternative count, please share!
发表于 2010-9-9 09:52
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发表于 2010-9-9 21:01
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