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
at

5 comments:

  1. Anonymous5:24 PM

    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.

    ReplyDelete
  2. Anonymous6:52 PM

    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?

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  3. Anonymous7:34 PM

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

    ReplyDelete
  4. Anonymous8:29 PM

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

    ReplyDelete
  5. Anonymous8:06 AM

    Alan,

    Great call. Your timing has been right on.

    Alex

    ReplyDelete