1928 20141017

1/ (hourly) flag formation at current level, can regard this as breaking to upside now and possible to continue for some days/weeks;

2/ (daily) broke the swing top@43.75 on Oct. 7th;

3/ (daily) today's volume is almost (or even higher at today's closed) that of Oct. 7th, could also be possible for a valid CIT;

4/ most importantly, Oct. 16th is one of the most important turning points within 2014.

Gold/2840.hk 3rd time at same level

- temporarily broke 892 but close at higher level, a nice false break
- intermediate turning point quite close to 0.667 or 2/3, projection in terms of time still works
- counter-trend bounce is expected until mid Dec., may touch green line again or around 950

http://koei1024.blogspot.hk/2014/09/2840-gold-etf-update-20140923.html

study of 1928's gartley pattern and ratios

 Gartley pattern under Larry Pesavento's latest version:
XA-AB-BC-CD and their inter-relationship
I assume X starts at 20.65 (not 33.50 this time) and A at 68.00

 end of CD is nicely on 0.618 retracement level, end of AB is almost perfect, just about 60 cents away.

 C is obviously ended at 0.618 retracement of AB

CD is about 1.33 (not 1.382) of AB starting from point C

US index 20141003

assume a fibo extension here:
the index has undergone an expanded (flat correction wave) A-B-C, ratio here is quite rare which is 3.14*A=C

it is far before the end, if one says it is just a retracement from previous range, the index stopped on 2/3.