PUG Stock Market Analysis, LLC

Elliott Wave Technical Analysis and Commentary on the Stock Market

February 14th, 2013: GLD Wave Count Update

Posted by pugsma on February 14, 2013

5:30 pm EST:  With today’s break of 158.39, GLD decided it want to follow the alternate (blue) count and put in a second zig-zag lower to the 154-156 target area, where C=1.62*A, to complete major [2]-P5.

GLD 60-min chart (EOD):

PUG GLD 60-min EOD 2-14-13

GLD 4-hr chart (EOD):

PUG GLD 4-hr EOD 2-14-13

GLD daily chart (EOD):

PUG GLD daily EOD 2-14-13

GLD weekly chart (EOD):

PUG GLD weekly EOD 2-14-13

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