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Monday, October 31, 2016

Elliott Wave Update 31 October 2016


Thursday, October 27, 2016

Wednesday, October 26, 2016

Elliott Wave Update 26 October 2016

I am just throwing out a pattern here. The market has neither been impulsing up nor down. Therefore we can assume perhaps Minor 4 is not quite yet over. But sooner or later it will be confirmed to be over one way or the other.

I generally do not like descending triangle patterns with a downward tilt because that can often suggest failing price action on a major support level.  Price action would be "hammering"support until it eventually fails. But we'll stick with the minor 4 count for now because that is the best count and we require one more market high to complete the wave count on many wave degree levels.

Will a final move coincide with post election results in some way? Timing and pattern suggest yes. Post election rally, then the all-time high sets in, then depressionary collapse. Gee we have a lot to look forward to huh?
As suggested, may wave degrees:


Tuesday, October 25, 2016

Elliott Wave Update 25 October 2016

No matter who wins the election, the market is due to peak and reverse hard.  Social mood will deteriorate at a rapid pace.
Gold's long term count:
Dollar:
Big divergence still.
6 month yield count. Which implies 3 month yield will go up also. Which means the FED will be forced to raise short term rates. Which of course means trillions of dollars in losses as interest becomes to much to bear on the extreme leverage in the entire system. Which means bankruptcy and deflation (major asset deflation - the little guy will still be squeezed by every day expenses which will be the last prices to drop. By then 50% or more will be unemployed anyway.)





Monday, October 24, 2016

Elliott Wave Update 24 October 2016

Not much has happened with our count since last post on Wednesday.

Wednesday, October 19, 2016

Elliott Wave Update 19 October 2016

Sooner or later, the count will clear up which means we'll have some market movement one way or another.


Thursday, October 13, 2016

Elliott Wave Update 13 October 2016

The Minor wave 4 count has broken today because of lower lows. The triangle pattern has been broken. However minor 4 count itself has not been broken. Note the new alternate count since we only have a "three" wave structure since (4) up so far.
Its just that I wouldn't bet on this last wave 5 prediction happening. But its still the best count at the moment.

Tuesday, October 11, 2016

Elliott Wave Update 11 October 2016

The wave count is still holding up overall. As long as the market remains in a viable triangular configuration, we'll stick with the count. A lower low (such as overlapping wave 1 of (5)  peak price) would force a change in medium term count.
We now have a proper "(c)" wave (if that's what it is). However prices need to hold above (a).
GDOW looks good still, not expected to make a new 2016 high.

Monday, October 10, 2016

Elliott Wave Update 10 October 2016

Market seems to be triangulating for over a month now. Once the triangle finishes the prediction is a break to new all-time highs based on the overall wave count.

Wednesday, October 5, 2016

Tuesday, October 4, 2016

Elliott Wave Update 4 October 2016

We'll keep tweaking the count as necessary. As long as prices keep gyrating around the 2015 resistance axis, the count is looking ok. The thing about labeling potential triangles is that you tend to label them too early in their development.
Gold long term count. Although wave [B] should retrace a minimum of a Fibonacci 38.2% (it has), time-wise the ratio of [A] to [B] seems too short.

Monday, October 3, 2016

Elliott Wave Update 3 October 2016

Lots of short term option counts.  Is Minor 4 even over yet?
There is a 4 in here somewhere.