Friday, April 24, 2009

Gold is clearing up

If wave C is counted correctly, we have eliminated 1 of the 3 scenarios. The 2 remaining scenarios are basicly the same, only thing that will make a difference is if price goes higher then wave B on the chart below. I've added this chart since i have a slight preference for this count since a break of the trendline should be enough to take price above wave b, thus eliminating the 3th scenario.

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