Gold…

We at?

Playing ping-pong between the two highest swing highs.

After the End Of Wave 5 (green double divergence), there was an impulse Wave 1 up (red double divergence).

I would prefer Wave 2 to reach beyond the Municipal trench (orange bands).

1.1050 (S.O.B.) should receive a back test.

How high? Ultimately 1.12889 should receive a beat.

The base case is 5 waves up.

The twist?

A push-down first. The only clue here is the Pro volume reversal print on Friday. I almost missed this.

The money flow was severely oversold at the close. The next professional stronghold is the 1.0945-1.0936 zone which could receive a backtest. For this path to play out, an Echo would need to be printed on the upside, which would mean a 2.5 to 3-hour rally. Motoring up (and making a higher high) would be a clue. Going down to the lower 30 sample hourly BB would mean a fresh wave (Wave 3) up.


Album #25 is shaping up to be something else.

The two tracks I made about Gold yesterday:

Achilles Dent: Guilded Illusion

Achilles Dent: I’m Sold Gold

Lyrics of Achilles Dent: Perpendicular Existence

[Verse 1]
Quarks, gluons and somersaults
Juggling with your twin
Coitus collaboritis
Spooky pension in the distance 

Double slit while the pants slit
Hard hat and potato nose
A picture of Neutrino 
When he was still tiny 

[Chorus]
There is no compensation
For some intermittent condensation
Life is  perpendicular I'm afraid
In a Bozo-Eintstein Condensate 

[Verse 2]
Winning the dancing
And the pissing competition
With entangled shoe laces
Tickle-tickle particle
Partake in the para-normal
ESP is taking charge 

[Chorus]
There is no compensation
For some intermittent condensation
Life is  perpendicular I'm afraid
In a Bozo-Eintstein Condensate 

[Verse 3]
Being poor comes standard
Being funny does not come easy 

The hardest life is the clown's
They have to give away with all values
Until they are left with nothing
They are right with nothing 

I you have a sixth sense for nonsense
Hand it: the small things
Have nought to do with the big picture 

[Chorus]
There is no compensation
For some intermittent condensation
Life is  perpendicular I'm afraid
In a Bozo-Eintstein Condensate