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Sept 16th, 2013: GLD Wave Count Update

Posted by pugsma on September 14, 2013

5:35 pm EST:  Looks like major [2]-P5 wants to test the 62% fib retrace of $123.4.  There is also a minor Y = 1.62*minor W target just be this at $125.1.  The primary count for major [2] remains valid above the 114.68 low.  Below 114.68 the alternate (red) count shown on the weekly chart takes over with GLD headed for at least $93 and more likely $70.

GLD 60-min chart (EOD):

PUG GLD 60-min chart EOD 9-16-13

GLD 4-hr chart (EOD):

PUG GLD 4-hr chart EOD 9-16-13

GLD Weekly Chart (EOD):

PUG GLD weekly chart EOD 9-16-13

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