25 replies to this topic

[tria]

Should be higher tomorrow, maybe a lot.

Higher by this Friday, IMO.

-tria

[hawkeyefan]

Yea, I was just going to post that I put my foot in my mouth. From the overnight high, I am hoping this is a "c" down. We must have completed the first five waves up sometime earlier. Would be nice if this "c'" is over.

[hawkeyefan]

The "a' of this correction down was about 25 cents. 19.75 to 19.50. The "c", by rule, cannot be more than three times the length of the "a". This means about $19.00 has to hold. So far it has. Flat rules in EW. It is an irregular flat.

Edited by hawkeyefan, 08 May 2014 - 08:05 AM.

[hawkeyefan]

New low this evening. Has reversed and achieved a five waver up. Staying above 19.12 would be nice and could be interpreted as a small show of strength. The five waver up was 15 cents long.

[AChartist]

I am surprised to find that pre-1964 90% silver coins are now almost as expensive as new silver, something is afoot. Unfortunately I was mostly stacking new but started out with 90%. I need a little more 90% here and there to fill out inventories. I got my next gold piece on the futures open. Gold is way below the potential of my daily cycles, good potential up. I think this is a battle between a shorter ~80 weekly cycle straight up while the ~400 week is throughing out a low. I was thinking that troughing low would be finished on June 21. So if down again Jun 21 I will buy my next piece, but good potential up first right now. Somehow I am hitting lows just right on my purchases, I think it is because I am in cost averaging mode and not thinking about "the" low, don't care about that. If you care too much it wont work, too much emotion invested. The other part that may be why I am fairly successful accumulating this terrible bear market, was my perception that I only wanted the real, no paper. Oh, I do have one June silver call.

[hawkeyefan]

Easy to get tricked here, but another five waves up from last night's low is probably over. Can be counted a couple of different ways. Let's just stay above 19.32 and it looks good. Getting above 19.60 would be fantastic for the next couple of days.

[hawkeyefan]

Looks like we are ready for another leg up to get going. I hope I have read this correctly. From 19.68 there was a three waver to 19.34 and that was about half way back from 19.03 to 19.68. Then there was a five waver up, another three down, then another five waver up. Now we are in another little correction, I think. From 19.34 it should, "i", "ii", "i", and now "ii". I accept suggestions on counts at anytime. -gg- The move from 18.68 to 19.78 to 19.03 to 19.68 cannot be a zigzag because the "c" has to be at least 90% of the length of "b". It fell just short. This means what we are in is a 3 from 18.68. At least that is what I am going with at this time.

[hawkeyefan]

Looks like we are ready for another leg up to get going. I hope I have read this correctly.


From 19.68 there was a three waver to 19.34 and that was about half way back from 19.03 to 19.68. Then there was a five waver up, another three down, then another five waver up. Now we are in another little correction, I think. From 19.34 it should, "i", "ii", "i", and now "ii".

I accept suggestions on counts at anytime. -gg-

The move from 18.68 to 19.78 to 19.03 to 19.68 cannot be a zigzag because the "c" has to be at least 90% of the length of "b". It fell just short. This means what we are in is a 3 from 18.68. At least that is what I am going with at this time.

Edit: Or a 3 from 19.03 is in progress and the move from 19.03 could actually be a "C" from 1868.

[hawkeyefan]

Probably should not try and count the small time frames right now as one can get confused, but staying above 19.88 looks darn bullish.

[hawkeyefan]

Probably should not try and count the small time frames right now as one can get confused, but staying above 19.88 looks darn bullish.

Darn it. Broke below it. Time to just watch. Not as bullish looking now as I wanted.