February 13th, 2014: GLD Wave Count Update
Posted by pugsma on February 13, 2014
7:40 pm EST 2-14-14: Updated 60-min and 4-hr charts.
GLD 60-min chart (EOD, 2-14-14):
GLD 4-hr chart (EOD, 2-14-14):
1:10 pm EST: GLD broke the important 125.15 threshold confirming that the PC-CA bottom is in place at 114.46. GLD is a wave (3) of minor 3 of major [A]-PA-CB wave up. The target for minor 3 is a 127.10, where M3=1.62*M1 and the target for major [A] is the IHS target of 130.5. Ultimately PA should reach the 150 to 158 area late in 2014
GLD 60-min chart (mid-day):
GLD 4-hr chart (mid-day):
GLD weekly chart (mid-day):
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