Friday, November 14, 2014
Primary wave down in Gold may be over. A primary-sized rebound - perhaps 50% of the decline from peak - may backtest the broken channel line over many, many months.
Bonds: someday the channel will break. Likely on a third wave down. It is setting itself up for that possibility. I like the Fib/time relationship. There is a reason that Japan's rates have been low for so long: It would be game over if they rise in any appreciable way. Of course they will and so will ours. Of course when is the question. Thats why we do wave counting and technicals and stuff....
Shorter term moves:
Dollar due for backtest perhaps too.
SPX weekly: very narrow weekly candle.
Posted by Daneric at 7:01 PM
Thursday, November 13, 2014
Rally appears to be nearing the end according to our medium term count. At the least, we can expect a Fibonacci pullback. If we had 50% pullback as measured from the 1820 low, that's obviously about 113 SPX points or so at the moment filling some of those open gaps up.
Posted by Daneric at 5:13 PM