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Thursday, December 1, 2016

Elliott Wave Update 1 December 2016

Wednesday, November 30, 2016

Tuesday, November 29, 2016

Elliott Wave Update 29 Novemeber 2016

Once scenario has the market just crapping around the highs in some kind of ending diagonal triangle for another many weeks and/or months. This would make time relationships between waves look good and on top of that, a Fibonacci 8 year up cycle would be ideal.
Another possible count is that the high has occurred. Significant tops have usually been long-winded affairs so patience is again required.

Monday, November 28, 2016

Elliott Wave Update 28 November 2016

Solid close under the narrow up channel.  There are enough waves in place to call it a complete pattern. But we shall see.

Friday, November 25, 2016

Wednesday, November 23, 2016

Elliott Wave Update 23 November 2016

Not much to add to the things we have been saying for the last many weeks.
Gold has reached our major support target. Sentiment is very negative on its outlook.

Tuesday, November 22, 2016

Elliott Wave Update 22 November 2016

The chart below suggests the maximum wave 5 of (5) of [5] can go is 23,780. However the shorter wave counts do not align with this higher number. If the market does go that high, then the squiggle counts (last 2 charts) are incorrect.
However shorter wave charts suggests the "right look" is occurring right about now. The next 2 charts show how Minor 5 may be a quick burst with a (v) of [v] of 5 as an extended fifth wave.  Since wave [iii] is not much longer than wave [I], we can expect wave [v] to be the extended wave of the structure. This is how you would properly count that situation: