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Wednesday, November 26, 2014

Elliott Wave Update ~ 26 November 2014

Monday, November 24, 2014

Elliott Wave Update ~ 24 November 2014

I wish there was a better way to count this but this is as good as any.  There seems to be 3 distinct channeling areas which is why its labeled the way it is.  There has been no significant corrections since the 1820 low to put your finger on.

Certainly there are other ways to label it.
Our GDOW chart counts better as a "three" at the moment which is what its supposed to be if its a wave 2 as labeled.
Larger picture GDOW:

Thursday, November 20, 2014

Wednesday, November 19, 2014

Friday, November 14, 2014

Elliott Wave Update ~ 14 November 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.