should know soon whether iii of 3 or C is unfolding northward or if today's early rally is wave "b" of a near term abc correction, long and strong
Senor
Posted 30 January 2017 - 10:14 AM
should know soon whether iii of 3 or C is unfolding northward or if today's early rally is wave "b" of a near term abc correction, long and strong
Senor
Posted 30 January 2017 - 11:50 AM
Posted 30 January 2017 - 12:14 PM
We are close to the answer for sure - my count is we are in b ending today or tomorrow and then c down to finish nice little abc to around the 38.2% FIB.
I still think that would fool most, as the deep correction off of the summer highs caused abandonment, a shallow pullback here would leave the most behind, IMO. Could be the 23.6% FIB did it, but from a time perspective I think that would be too short, so I go with the odds here and look for a low next week.
stu
Posted 30 January 2017 - 12:30 PM
Posted 30 January 2017 - 01:15 PM
We are close to the answer for sure - my count is we are in b ending today or tomorrow and then c down to finish nice little abc to around the 38.2% FIB.
I still think that would fool most, as the deep correction off of the summer highs caused abandonment, a shallow pullback here would leave the most behind, IMO. Could be the 23.6% FIB did it, but from a time perspective I think that would be too short, so I go with the odds here and look for a low next week.
stu
only thing I might differ on is what would fool the "most", seems to me "most" either are not long or are looking/hoping for a further correction to add to small long positions, so what could "fool the most" might just be no more correction. Don't get me wrong I too will be adding IF if get a c down so I am "hoping" as well, we see
BSing away
Senor
Edited by senorBS, 30 January 2017 - 01:16 PM.
Posted 30 January 2017 - 02:39 PM
Posted 30 January 2017 - 03:00 PM
and we could see some stuff perhaps marginally/modestly take out last weeks lows and other stuff not, would not surprise me at all
Senor
Posted 30 January 2017 - 03:30 PM
what i am seeing here is an abc that started on the 24 and could possibly end tomorrow we will see
Posted 31 January 2017 - 08:56 AM
silver has surged overnight to new rally highs and appears entering a possible large third higher, we see
Senor
Posted 31 January 2017 - 10:29 AM
b complete this am - looks like c will come in around the 38.2% FIB (193.21 +- on HUI), FWIW
Probably Friday or Monday time-wise - could be the final really good add point before obvious confirmation of Wave 3 occurs.