23 replies to this topic

[gannman]

we are in one of two situations . either this is a wave iv and we have another wave down

 

or we are done. the cot last week was bullish dont know about this week. certain stocks like

 

aem nem and fnv look to me to be done to the downside fwiw

 

we should know next week

 

 

[AChartist]

Here is my gold chart, should be good potential to bounce. the best low is the ellipse,

about 20+ week, I hope it is a higher low.

 

http://smg.photobuck...y5ibpx.png.html

[gannman]

interesting thanks

[AChartist]

Armstrong is getting to be charlatan on his gold promoter bs.

 

So, I was trying to buy some gold or silver in there and low and behold, price was not

 

down, at all.

 

But he makes no mention of the 50% of stocks that are down 40%, leaving mom and pop

 

harvested, their gold buying power gone.

 

Something not smelling right.

 

I do see that my 401k mutuals are ok, it is not a weighted index problem that is managed,

 

it is a stock problem.

[senorBS]

we are in one of two situations . either this is a wave iv and we have another wave down

 

or we are done. the cot last week was bullish dont know about this week. certain stocks like

 

aem nem and fnv look to me to be done to the downside fwiw

 

we should know next week

 

 

In this old hombre's opinion this is definitely not a 4, however there remains a very valid bear count that this that last large drop was a 5-wave "A" wave of the final leg of a very large ED(ending diagonal triangle). IF and I stress if this count is correct we now rally in wave B perhaps in a 50% or so retrace of the decline from 1190 area and then come down in wave C to complete the last leg of this huge ED. It could easily be done as well but if there is a bearish count then I believe the one I just outlined is by far the most likely one, we see

 

Senor

[gannman]

yeah well know this week if its done hui should wind up the week over 140 i would think

[dougie]

 

we are in one of two situations . either this is a wave iv and we have another wave down

 

or we are done. the cot last week was bullish dont know about this week. certain stocks like

 

aem nem and fnv look to me to be done to the downside fwiw

 

we should know next week

 

 

In this old hombre's opinion this is definitely not a 4, however there remains a very valid bear count that this that last large drop was a 5-wave "A" wave of the final leg of a very large ED(ending diagonal triangle). IF and I stress if this count is correct we now rally in wave B perhaps in a 50% or so retrace of the decline from 1190 area and then come down in wave C to complete the last leg of this huge ED. It could easily be done as well but if there is a bearish count then I believe the one I just outlined is by far the most likely one, we see

 

Senor

 

Can you tell me where the A started there?

[dougie]

Senor; assuming you mean 1191 from October http://schrts.co/WoYZD8??

 

The ending diagonal triangle, or wedge as many call it, is a narrowing price move composed of two converging trendlines highlighting a wave 5 (many times) extension pattern. The chart to the right shows the ideal example. The ending diagonal is a special type of motive wave that occurs primarily in the wave 5 position when price has moved too far and too fast. I like to think of it as a rising or falling consolidation. Some ending diagonal triangles appear in the C wave of anABC correction, but that configuration is rare. In all cases, the ending diagonal terminates the move of larger patterns. 

Edited by dougie, 05 December 2015 - 08:17 PM.

[dougie]

Nice silver Wave count IMO

Edited by dougie, 05 December 2015 - 08:59 PM.

[stubaby]

Senor; assuming you mean 1191 from October http://schrts.co/WoYZD8??

 

The ending diagonal triangle, or wedge as many call it, is a narrowing price move composed of two converging trendlines highlighting a wave 5 (many times) extension pattern. The chart to the right shows the ideal example. The ending diagonal is a special type of motive wave that occurs primarily in the wave 5 position when price has moved too far and too fast. I like to think of it as a rising or falling consolidation. Some ending diagonal triangles appear in the C wave of anABC correction, but that configuration is rare. In all cases, the ending diagonal terminates the move of larger patterns. 

 

Dougie - maybe like this? : http://stockcharts.c...415&a=435512113