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April 17th, 2013: GLD Wave Count Update

Posted by pugsma on April 17, 2013

11:40 am EST:   GLD wave (4) of minor C of major [Y]-P4 has two possible termination points the 23% retrace of 135.88, where c=a at 133.38 or at the 38% retrace of 139.21, where c=1.62*a.  Once wave (4) completes, wave (5) should carry GLD below 130.51 to the 127-128 target area for the completion of P4.

GLD 15-min chart (mid-day):

PUG GLD 15-min mid-day 4-17-13

GLD 60-min chart (mid-day):

PUG GLD 60-min mid-day 4-17-13

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