2 replies to this topic

[gannman]

imho this is a subwave iv which is probably going to go a little lower and then we have subwave v up. so ill be looking for a five wave move off of the bottom to completed the final 

 

wave up. when subwave v up completes then things will get interesting

 

 

good trading 

[AChartist]

I will sell some this week, I have been selling some. 401k was up a little both days from gold and cash

 

allocations. Trading account was down.

 

 

I don't think it drops in earnest until 9 weeks through 20 weeks, low in 5 months by RUT weekly.

 

 

RUT daily drops soon to late May or early June. I think they can right translate the RUT weekly basis for 9 to 10 weeks

 

because of one more rally in the daily basis after this one month correction.

 

 

 

I don't think this is big broad deep decline, I think that is later beginning 2 months. Not sure how I will hedge

 

next week maybe a good UVXY divergent low with the last stock high. I am not wholesaling stocks next week just

 

lightening up and hedging.

 

would like a dip in gold to buy next week and possibly a severe drop in silver next week.

 

 

Remember that first drop in gold off Feb 11 high that first low is the lowest in a bullish pennant, that is the

 

one I bought in gold, It may be something like that in silver off this high next week, buy the first drop.

Edited by AChartist, 30 April 2016 - 10:12 AM.

[qqqqtrdr]

Looking at my charts we head down for the next week and a half....   I currently don't have the market continuing to fall long term, but that could change if Car Sales come out weaker yet again and commodities also drop...

Barry