F
fibo_trader
"Do you see a man who is hasty in his words? There is more hope for a fool than for him."
Doll, you should allow me to post in your Journal. Why? If you are going to throw bombs at me from behind closed doors and windows. it does not say much for either your courage or FAIR fighting spirit. You who claim to have so much integrity and honor. FAIR? Let me in. Like right away as you are about to make the next blunder in GOLD - I cried for you when weeks ago, precisely in September I told you to cash in all your Gold and go to the sidelines. You did not listen to me. As a result you lost $130/ounce and/or suffered the most massive drawdown that even Warren would not be able to handle. By all reality factors, you have lost your entire nest egg that you speak about in your Journal. Terrible stuff, Doll. I felt really bad for you. We might fight and argue but I never wish for you to lose money.
Pay attention now. You posted a chart in your Journal of Gold breaking out to the topside. Correct. You also pointed out that Fibo is not in the trade. Correct!. You also said, "Fibo cannot count right" Correct.
But what you fail to see is that this move up in Gold could very well just be a 2nd wave countertrend rally that will be fully retraced. It has just arrived at the 61.8% retracement level = dangerous resistance. In any event the rally is suspect becuase of the triangle in the middle of the rally.
But what is the significance for YOU? If YOU are wrong in thinking gold is going to 3000 like you claim in your Journal and instead goes south now bigtime, you will once again lose your entire nest egg that perhaps you did not cash out at the 13o/ounce loss at the drawdown limit?
If I am right in this analysis and you do NOT get out now, you will not have another opportunity to recoup losses for a long period of time.
Put your hate aside, doll and think rationally. You're paying too steep a price for hating Fibo.