9 replies to this topic

[skott]

I'm talking about gold stocks. They bottomed and rose before the market but aren't any where near the highs of this year.

[IYB]

I'm talking about gold stocks. They bottomed and rose before the market but aren't any where near the highs of this year.

That's true of basically all commodities, and my "bell weather" issue, CME, which tends to lead commodities and equities:

http://stockcharts.c...18934&r=588.png

[VolPivots]

Interesting you mention that....I'm trying to work up some non-traditional "liquidity" indicators other than your standard breadth/volume type stuph. Gold stocks may be lagging a bit, but methinks Silver:Gold ratio is a better liquidity gauge. Another is what the Yen is doing....weaker yen and the Japanese central bank pumping liquidity into the system? Also watching the IEF:COY ratio. Finally, noticed a little bit ago the the TED spread is near its low since stockcharts started posting it...appears that"the world is awash in liquidity" once again...

[skott]

could be giving us a clue. They may still be leading. time will tell

[skott]

this is still the best count I have seen. for wave 5 to equal spx would have to go another 50 pts higher. could easily do it. At the same time you can count it complete and it can truncate. Just presenting some e wave. If this is correct I would still only expect a wave B pullback and then alot more upside.

[CLK]

this is still the best count I have seen. for wave 5 to equal spx would have to go another 50 pts higher. could easily do it. At the same time you can count it complete and it can truncate. Just presenting some e wave. If this is correct I would still only expect a wave B pullback and then alot more upside.

I don't know, I think were still in wave 1 of this move.

[skott]

you are right CLK, I forgot to mention that possibility. very possible

[skott]

and I forgot to put the label for Wave 4. should be next to the Blue C

[raleigh]

Counting angels on a pinhead is more accurate.

[skott]

thank you for the respect we supposed to all show each other here raleigh