Jump to content



Photo

aem just doing a long term analysis


  • Please log in to reply
1 reply to this topic

#1 gannman

gannman

    Member

  • Traders-Talk User
  • 6,948 posts

Posted 17 December 2016 - 03:03 AM

looking at the chart of aem i think its bear market ended  sep 11 2015 

 

from there i see a clear 5 waves up into lets say about aug 11 2016  that would be the first impulse wave  taking us from about 21 to 60 or 39 points

 

ok so then what  welll i think we are doing an abc down here 

 

the A wave went from aug 11 until oct 11

 

then we did a B wave up into 11/9/16

 

so that would leave everything since 11 9 as a C wave to complete the abc 

 

i think wave iii of the c wave ended dec 9 

 

ok then we did wave iv of the c wave into dec 14 

 

and that would mean we are in wave v of the c wave here to end the correction

 

meaning the stock should not drop much more if i am right . i honestly dont know it is one possible count but i am not going to say to you this is golden i dont know

 

this will be a week to watch for sure ha ha

 

 

 


feeling mellow with the yellow metal


#2 gannman

gannman

    Member

  • Traders-Talk User
  • 6,948 posts

Posted 17 December 2016 - 03:55 AM


feeling mellow with the yellow metal