February 14th, 2013: GLD Wave Count Update
Posted by pugsma on February 14, 2013
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SCI-SCV, SCA-SCC: Super Cycle
C1-C5, CA-CC :Cycle
P1-P5, PA-PC : Primary
[1]-[5], [A]-[C] : Major
1-5, A-C : Minor
(1)-(5), (a)-(c) : Minute
i-v, a-b : Minuette
Primary Count:
White/Green (Bull Market)
White/Red (Bear Market)
Alternate Count: Blue
Posted by pugsma on February 14, 2013
5:30 pm EST: With today’s break of 158.39, GLD decided it want to follow the alternate (blue) count and put in a second zig-zag lower to the 154-156 target area, where C=1.62*A, to complete major [2]-P5.
GLD 60-min chart (EOD):
GLD 4-hr chart (EOD):
GLD daily chart (EOD):
GLD weekly chart (EOD):
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