March 10th, 2014: GLD Wave Count Update
Posted by pugsma on March 10, 2014
4:45 pm EST: GLD looks to have topped major [A] at 130.59 per the primary count and the major [B] correction down to 122.50 is underway. However, there is an alternate (blue) count variant that GLD is in a minor 4 for major [A] and that minor 5 of major [A] will reach the 132 area before the major [B] correction begins. This GLD alternate (blue) count is aligned with the SP-500 alternate (blue) count that has the SP-500 headed for a deeper correction down to 1811.
GLD 60-min chart (EOD):
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