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March 1st, 2015: GLD Wave Count Update

Posted by pugsma on March 1, 2015

1:50 pm EST:  GLD continues to follow the primary count lower.  Major [1]-PC-CA reached just below my 115.0 target to 114.29.  The major [2] bounce is underway that should target the 50% retrace area of 119.94 before major [3] makes a new low below 109.67.  The major [3]=1.62[1] target is 101.65.  Ultimately PC-CC should reach the PC=1.62*PA target of 91.50.

GLD 60-min chart (EOD, 2-27-15):

PUG GLD 60-min EOD 3-1-15

GLD 4-hr chart (EOD, 2-27-15):

PUG GLD 4-hr EOD 3-1-15

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