Posts by David Banister - Active Trading Partners:

Where next for gold-silver and the SP 500 indexes?

The market action in both the precious metals complex and the equities markets has been moving in clearly defined Fibonacci and Elliott Wave patterns for quite some time now. All of the recent peaks and valleys in both areas can be clearly demarcated with Fibonacci retracements and crowd behavioral patterns both in advance and in hindsight.
David Banister - Active Trading Partners | April 25, 2011 | 8:29 pm

The gold wave patterns remain bearish and SP 500 near the top

My most recent forecasts for the SP 500 and Gold have been calling for interim peaks in both around Mid- January. Gold, I told my subscribers a few weeks ago, was definitely topping and likely to drop now to $1270-$1280 per ounce before resuming the Bull Market advance. The SP 500 I have forecasted a 1285-1315 topping area since the 1175 pivot lows on that index, and we are very close as well in that regard.
David Banister - Active Trading Partners | January 17, 2011 | 10:02 pm