Welcome to the San Gold HUB on AGORACOM

San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.

Free
Message: Re: Andrew Cooke

Jun 17, 2009 09:51AM

Jun 17, 2009 10:18AM
2
Jun 17, 2009 11:51AM

He is talking technicals however he is talking in the past tense as we are no longer overbought and the 60 minute chart is setting up nicely.

We are in a consolidation right now. My guess it's a major wave 4 and as we consolidated back in February to the 61.8% fib level at 1.40 (.71 - 1.84) from Wave 1 into Wave 2, we have now corrected back to the 61.8 level of 2.15(2.17)during this transition from wave 3 into wave 4(1.55 - 2.56).

Wave 5 will be a multiple of wave 3.

Wave 1 - .71 to 1.84

Consolidation Wave 2 - 1.84 to 1.40 to 1.96 to 1.55

Wave 3 - 1.55 to 2.56

Consolidation Wave 4 - 2.56 to 2.15 to 2.70 to 2.45

Wave 5 - 2.45 to 3.70

At which point we'll be worth $1 billion and approximarely 2/3 the GEA buyout.

3
Jun 17, 2009 03:10PM
2
Jun 18, 2009 02:34AM
Share
New Message
Please login to post a reply