Friday, July 13, 2007

XAU Weekly Chart

Our most reliable index for Elliott wave counts still remains the Philadelphia Gold and Silver index. Currently wave 3 of 3 of 3 is underway, this is a rare bullish situation. Extended bullish move is expected, be careful of extra volatility. The count remains valid as long as the XAU remains above 130.83.



xau chart

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1 Comments:

Blogger JJ2000426 said...

SWC plunged 9% on Friday. This is an excellent entry for people who wants to ride the palladium bull. You need to know this metal and the Russian Enigma that makes it super bullish! Just as copper bought 20 folds return in PCU 4 years, palladium bull will give SWC a 20 folds return in 4 years. Click on my name and visit my blog, or directly go to stockology.blogspot.com

Sunday, July 22, 2007 1:39:00 AM  

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