Sept 25th, 2013: GLD Wave Count Update
Posted by pugsma on September 25, 2013
11:05 am EST: The GLD primary count was hanging by a thread after wave (2) of minor 1 of major [3]-P5 retraced 88% of wave (1) at 126.34. The target for wave (3) of minor 1 is at 138.70 where (3)=1.62*(1) and minor 1 should reach the 143 area. As long as GLD holds the 125.15 major [2] low the primary count is remains valid. Below 125.15, the alternate (blue) count takes over with wave minor C of major [C]-P4 likely headed for C=A at 121.4.
GLD 60-min chart (mid-day):
GLD 4-hr chart (mid-day):
GLD weekly chart (mid-day):
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