Thursday, February 26, 2009

Four for Four

Here is an update on my chart set-ups from yesterday:

DOWN - Stocks, Gold & Bonds

UP - Oil

S&P 500


Gold
- GLD


Bonds (TBT - Short ETF)



Oil - USO




A

5 comments:

mlomker said...

I'm looking forward to buying some GLD at a discount. It should be a great longer-term buy but not for another month or so.

Anonymous said...

Thanks for the post. Yesterdays post on GLD showed that wave 3 ended on 92 and with your update today it is ending at 93? With an extended wave 3 I am expecting Wave A-B-C pattern for wave 4. Thoughts?

Martin said...

Allan,
RE: S&P500
I see you are suggesting we are in wave 5. But is it 5 of 3 of 5?
Thanks!

Anonymous said...

USO is not a good choice for oil because of contango. Better to use USL or XOP.

Anonymous said...

Alan,

Great call. Your timing has been right on.

Alex