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emerging wave 3


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#51 stubaby

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Posted 23 December 2017 - 09:36 PM

So is it really in the bag already ? Do we have enough information to say the 6 to 9 month mega run has engaged ?

No - but it is at least promising - as always its the pullback after this initial thrust that will give us the next important confirmation - it should be corrective in nature and turn back up at a shallower FIB (50% max in my opinion) - then that must be followed by some blowout strength to the upside - so still more needed for confirmation, but as I said its promising so far.



#52 dougie

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Posted 24 December 2017 - 12:13 PM

From where do you see this purported correction occurring do you suppose

So is it really in the bag already ? Do we have enough information to say the 6 to 9 month mega run has engaged ?

No - but it is at least promising - as always its the pullback after this initial thrust that will give us the next important confirmation - it should be corrective in nature and turn back up at a shallower FIB (50% max in my opinion) - then that must be followed by some blowout strength to the upside - so still more needed for confirmation, but as I said its promising so far.


#53 stubaby

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Posted 24 December 2017 - 10:12 PM

From where do you see this purported correction occurring do you suppose

 

So is it really in the bag already ? Do we have enough information to say the 6 to 9 month mega run has engaged ?

No - but it is at least promising - as always its the pullback after this initial thrust that will give us the next important confirmation - it should be corrective in nature and turn back up at a shallower FIB (50% max in my opinion) - then that must be followed by some blowout strength to the upside - so still more needed for confirmation, but as I said its promising so far.

 

Looks like we just completed minor Wave iii with Wave 4 and 5 to go, FWIW  (My guess is up to the 'old' neckline around 195 and probably this week or next)

 

http://stockcharts.c...166&a=310521403


Edited by stubaby, 24 December 2017 - 10:14 PM.


#54 Russ

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Posted 25 December 2017 - 08:28 PM

 

From where do you see this purported correction occurring do you suppose

 

So is it really in the bag already ? Do we have enough information to say the 6 to 9 month mega run has engaged ?

No - but it is at least promising - as always its the pullback after this initial thrust that will give us the next important confirmation - it should be corrective in nature and turn back up at a shallower FIB (50% max in my opinion) - then that must be followed by some blowout strength to the upside - so still more needed for confirmation, but as I said its promising so far.

 

Looks like we just completed minor Wave iii with Wave 4 and 5 to go, FWIW  (My guess is up to the 'old' neckline around 195 and probably this week or next)

 

http://stockcharts.c...166&a=310521403

 

There's a nice gap on the hui chart around 197 but this should run much higher and take out last summer's high easily. 


"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong



http://marketvisions.blogspot.com/

#55 stubaby

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Posted 25 December 2017 - 09:21 PM

 

 

From where do you see this purported correction occurring do you suppose

 

So is it really in the bag already ? Do we have enough information to say the 6 to 9 month mega run has engaged ?

No - but it is at least promising - as always its the pullback after this initial thrust that will give us the next important confirmation - it should be corrective in nature and turn back up at a shallower FIB (50% max in my opinion) - then that must be followed by some blowout strength to the upside - so still more needed for confirmation, but as I said its promising so far.

 

Looks like we just completed minor Wave iii with Wave 4 and 5 to go, FWIW  (My guess is up to the 'old' neckline around 195 and probably this week or next)

 

http://stockcharts.c...166&a=310521403

 

There's a nice gap on the hui chart around 197 but this should run much higher and take out last summer's high easily. 

 

http://stockcharts.c...391&a=476373963



#56 Russ

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Posted 26 December 2017 - 10:00 AM

Bearish arguments for Gold...any comments?  https://seekingalpha...bb5ac05b09&dr=1


"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong



http://marketvisions.blogspot.com/

#57 Smithy

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Posted 26 December 2017 - 10:24 AM

Where to take profits? Scratching my head.

A 1/3 retrace is coming, but from what level?

Can this run get to the old highs 1299, 1306 or 1315?

Platinum is weak.

GSR looks like it could be in a little 3rd wave but I'm not relying on it.



#58 gannman

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Posted 26 December 2017 - 11:28 AM

Honestly the way this thing is trading I see no way this is not an impulse wave

I can be wrong no doubt but that is my opine
feeling mellow with the yellow metal


#59 mark_goal

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Posted 26 December 2017 - 11:41 AM

looks good when gdx>23



#60 dougie

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Posted 26 December 2017 - 11:46 AM

GDX greater than 23??