Prices are coming up on an important downtrend line.
As long as prices do not make a new all-time high, either the count above or the one shown below seems acceptable. The next few weeks will help flush one or the other out.
Wednesday, March 30, 2016
Tuesday, March 29, 2016
Elliott Wave Update 29 March 2016
If the blue downtrend line cannot hold as resistance, likely the market is heading higher in our top ALT count.
Monday, March 28, 2016
Thursday, March 24, 2016
Wednesday, March 23, 2016
Tuesday, March 22, 2016
Monday, March 21, 2016
Friday, March 18, 2016
Elliott Wave Update 18 March 2016
I wasn't able to post last night due to overnight cable and internet outage (ughh). But Wednesday's count seems to be working out.
GDOW has filled its gap down
Gold
GDOW has filled its gap down
Gold
Wednesday, March 16, 2016
Elliott Wave Update 16 March 2016
I guess the best count is that we are headed for the open gap down in an extended wave v of (c) of [ii] of 3 down. This makes sense because waves i and iii of (c) were about equal.
Another view. Nothing is easy in this market. Not quite 61.8% retrace of the total decline. But we have been predicting a sharp rally since identifying the low in February.
You can see the GDOW is also challenging its big gap down.
Tuesday, March 15, 2016
Monday, March 14, 2016
Friday, March 11, 2016
Wednesday, March 9, 2016
Tuesday, March 8, 2016
Monday, March 7, 2016
Friday, March 4, 2016
Elliott Wave Update 4 March 2016
A few weeks ago, we pretty much nailed the intermediate low.
The main problem with the bearish count is that the market has rebounded very strongly with a near breath thrust event.
The main problem with the bearish count is that the market has rebounded very strongly with a near breath thrust event.
Thursday, March 3, 2016
Wednesday, March 2, 2016
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