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Monster Downside Move in Gold, What if?

Possible Fractal

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#1 SemiBizz

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Posted 02 March 2019 - 11:57 AM

I don't need to tell you what was coming on 12/3 in the broad market... are we setting up for the NEXT LEG DOWN in Equity Market? 

 

D0qw4V-VAAAdfhs.jpg


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#2 tradesurfer

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Posted 02 March 2019 - 05:20 PM

Possibly..... but I see bonds collapsing soon, turning into no bid market, and so if we see that and see a very fast or accelerating bump up in interest rates what happens to stocks and gold in that scenario ?  both down hard ?



#3 slupert

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Posted 04 March 2019 - 12:41 PM

Possibly..... but I see bonds collapsing soon, turning into no bid market, and so if we see that and see a very fast or accelerating bump up in interest rates what happens to stocks and gold in that scenario ?  both down hard ?

 

 Why do u see a collapse in bonds, 'no bid market' ? TIA



#4 tradesurfer

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Posted 04 March 2019 - 08:34 PM

There is a yearly inverted hammer candle on the TMV etf

#5 tsharp

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Posted 04 March 2019 - 08:45 PM

I don't need to tell you what was coming on 12/3 in the broad market... are we setting up for the NEXT LEG DOWN in Equity Market? 

 

D0qw4V-VAAAdfhs.jpg

 

My work suggests an IT top was just made...

 

GL-W-3-1-19.jpg



#6 hhh

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Posted 04 March 2019 - 11:31 PM

I've learned one thing for sure on this site: to always ask what kind of waves are being labelled. This doesn't look like Elliott.



#7 tsharp

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Posted 05 March 2019 - 02:37 PM

This is the chart I created the week previous, but if you don't "see it" it won't help...

 

GC-W-2-22-19.jpg



#8 hhh

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Posted 05 March 2019 - 02:53 PM

But is it Elliott? Thanks.



#9 tsharp

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Posted 05 March 2019 - 03:54 PM

But is it Elliott? Thanks.

 

I'm sorry... I can't help you there. If you don't understand EW theory, you should brush up on it.  The basic premise is that impulsive waves move in five waves (5-3-5-3-5) and corrective waves move in three waves (3-3-5 or 5-3-5) - ALL ending c-waves are five waves.  There are a few exceptions, such as double zig-zags (3-3-3-3-3).  My charts say the c-wave of wave-B is five waves.

 

Below is what I think the SPX is developing into a double zig-zag wave-(iv):

 

SPX-D-3-1-19.jpg


Edited by tsharp, 05 March 2019 - 03:57 PM.


#10 hhh

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Posted 05 March 2019 - 04:59 PM

The reason I asked is I thought I was looking at Elliott on another thread and it was actually a Welles Wilder (sp?) pattern. I consider myself a relatively amateur Elliottician but I'm not familiar with the pattern of your red B wave where it goes below the red A wave. From my limited knowledge, that's prohibited and not covered by standard Elliott as a zig-zag or flat or whatever since the B is not correcting the A as it ends below it.  Thanks for your patience.


Edited by hhh, 05 March 2019 - 05:03 PM.