4036 replies to this topic

[senorBS]

Looks like FED is starting the balance sheet reduction a a week early, liquidity will get reduced until the PAIN becomes intolerable - is that late summer? FALL? we will see

 

Senor

 

https://us.econoday..../byweek.asp#top

Edited by senorBS, 27 May 2022 - 10:39 AM.

[gannman]

bought more stuff in the mining sector , sold my soxs at a small loss dont like the way it is acting

 

just watching now i am basically set with what i want to have if i see an opportunity

[dharma]

when this reverses its game on 

https://kingworldnew...22-1024x596.jpg

dharma

[gannman]

i am watching the smh here it seems like it did 5 waves down off of the jan 4 top into the may 12 low 

 

it could easily retrace up to about the 270 area i will be watching in that area to see if it looks toppy

 

because then we would be getting ready to do a C wave down to complete the bear market just 

 

musing here throwing out ideas 

 

270 area will be some fearsome resistance for the smh it will tell us a lot about what happens next

Edited by gannman, 27 May 2022 - 12:16 PM.

[gannman]

and i feel fortunate to be retired i can do what i want e wave is my passion i love 

 

analyzing markets and not just e wave either and i go to the gym do my workouts 

 

life is good may our country come together enjoy the long we fellas weather looks good 

[dougie]

Looks like FED is starting the balance sheet reduction a a week early, liquidity will get reduced until the PAIN becomes intolerable - is that late summer? FALL? we will see

 

Senor

 

https://us.econoday..../byweek.asp#top

that is my read. August time frame. Sept at latest

[gannman]

heres another one guys xme  it was in a 12 year bear market lasted about 140 months

 

and then went from 14 to 67 or 53 points close to a fib 55 

 

i believe wave ii pullback is over we could expect that puppy to fly like an eagle imho 

 

i could see this thing easily doubling from here 

[Smithy]

dharma, tomorrow Monday is apparently Mars conjunct Jupiter, in Aries (God of war).

Comments re g&s and also the general market?

[jabat]

Weekend Metals Report from ElliottWaveTrader

ElliottWaveTrader

Sat 5/28/2022 7:10 PM

Not Much To Add In Metals

By Avi

With the triangle in silver seemingly holding, we had a break out higher.  However, the issue is that the break out, which should be a c-wave in wave iv, was not terribly impulsive looking.   

So, this weekend’s analysis is going to be very short and sweet.  As long {bleeeep} silver holds over 21.73, then I am still going to consider this move higher a c-wave within wave iv.  Should we break down below 21.73 sooner rather than later, then we will have to consider several other options.

As far as GLD and GDX, the overall perspective remains the same.  GLD seems to be in a large ending diagonal, which still has a 5th wave higher to complete.  And, GDX may also be in an ending diagonal, but a lower low will reset the count, and potentially provide us with a much better impulsive structure off that lower low.   And, until that actually happens, I view trading diagonals as being very difficult.   

[gannman]

looking at slv to me it should advance right out of the gate on tuesday 

 

dont have long to wait to find out

 

one thing to keep in mind here imo is the downside risk is very limited

 

we have completed a 21 month correction and this thing is going to fly imo 

 

dyodd 

Edited by gannman, 30 May 2022 - 01:38 PM.