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Sunday, August 16, 2009

Gold - Is minor wave iii to start?


(Click at the pictures to enlarge)
My favorit count suggest that minor wave iii of I of C has just begun. I do look for a quick move down close to 908.75 near term, which is where the supportline back from January 2009 is found. A break below this supportline should mean a move to at least 864 and 680 and likely closer to 600 longer term
Only an unexpected move above 971.25 would force me to alter my count.

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