Oct. 7, 2009: The Basics of Camouflage

You’ll find this session especially useful if you want to quickly review the key elements of camouflage trades. We covered the basics, which call for entering trades at Lindsay’s point ‘X’, but only when several elements unique to the Hidden Pivot Method are present, to wit: 1) an impulse leg that has surpassed at least one internal and one external peak; 2) a one-off A; 3) Single-bar a-b-c coordinates, and 4) a b-c pullback equal to at least 0.618 of k-A. We also lingered over Gold’s short- and long-term charts, concluding that 1074.50 (basis Comex December), $30 above current levels, is in-the-bag, but that any higher would portend a minimum 1134.30.