Heres an ELLIOTT wave PIC from ibo, one of our friends and FOLLOWERS
DO I need to WRITE anything ELSE ??
Ive written in _____ and here it is above in the FLESH
SUNDAY News show has 2 Senators exclaiming the benefits of NATIONALIZING some banks
If that's the atmosphere that's being generated, then LOOK OUT BELOW
_______________________________________________
SUNDAY
Heres a reading from
Mars 0 Neptune
Stand up for your rights and act on your ideals
BUT there may NOT be anything REALISTIC about it
SUN 180 Saturn
Need a PLAN to handle demands
no time for stress relief
______________________________________________
Monday early am we have a moon 180 Neptune & Mars within an hour of each other
moon 180 Merc Logic is lost to emotions
and theres lots more
_________________________
Ive already pointed out the technical and pc ratios associated with Friday's close
and they are all negative
Advance scientific data
Power index reads a 300 for Monday & Tuesday - scale is out on the right
Propensity index which was at 3014 on Friday has now DROPPED to 2998
both are saying LOWER on Monday
___________________________________________________
NOTE on GOLD
I wrote on FEB 23rd when it hit 1000 for second time in history
that the NEXT MOVE would be a drop to 900 on or b4 March 6th
I Made $$ on the GLD puts, but got out early- no regrets
AND IT FELL TO 936 on close Thursday March 5th
IS there FURTHER to go down
YOU BET THERE IS !!!!!
best estimates from Ellioters and fibo = about 600 - 650
lost to make on the way down
WHEN ?, you want to know, i dont know why you think it would happen
in a heartbeat? IT TAKES TIME
My best guess would be 9 months from now
When is the NEXT SELL opp for gold??
IMO, Tuesday March 10th
in other words, gold should hold its own and might even rally more to
the 950 level, but should make it to 850 by months end
They will SELL gold to BUY Stocks
as fast as one goes down, the other will go up
THEY are CURRENTLY in an INVERSE RELATIONSHIP to each other
_______________________________________
I Notice bonds are also getting creamed
More Later
Jay
5 comments:
Thanks for posting that intrady wave count covering just the last week.
At the micro level, it does look like a diagonal 5th from the March 4th 3:30 pm high of 724.12. Here are my two comments:
FIRST, at this micro-level, wave 1 was 46.19 points and lasted 6.66 hours of NYSE trading, wave 3 was 70% of wave 1 and lasted 86.3% of the duaration of wave 1. (amazingly wave 4, if it ended Friday close also was 68.2% of wave 2 - great symmetry!!). Wave 5 should be smaller than wave 3 which itself was smaller than wave 1. That means not below 652.58 if the wave count has to remain valid, that is only marginally below wave 3 low of 666.79. Ideally, 61.8% to 70%
of wave 3 will take it only to 662.27 to 664.92 area. Timewise, 86.3% of wave 3 duaration will lead to great symmetry if that bottom is made around 2:27 PM EST on March 9th - which is well before your March 10 target. Could your March 10 low be higher low?
SECOND, it would be helpful to see the correponding higher order wave count picture starting from Jan 5th high from the same source. As I see it, the minor five waves from the March 4 top can be end of the only the higher order third wave from Jan 5th top that started on Feb 9th. We stil would have fourth wave up and fifth down of the same order before the big move up.
thanks Ravi
26 hours from that point @ 3:32pm on March 4th comse very close to the 10th at 2pm where the 13day cycle is 50% complete, and at 3:02 pm there is a low tide
SO, im not sure HOW the wave math will meet the cycles
My propensity index does show a potential low today, but further declines tomrrow
Jay
Jay
Looks like the rally off Friday 3;32 pm was not over by close that day and was only a of a, b, c; if bearish scenario to hold.
Ravi
A later hi on wave 4 changes the time symmetry to a low March 10 A bit after 12:30. That may be in line with your cycles.
Problem is that to get below Friday low, wave 5 will be bigger than wave 3, which was smaller than wave 1 already. Unless we have a truncated 5 th about 5 points above Friday close, the wave count invalidates and a new count will be needed to explain where we are.
ravi
The alternative bearish count is likely now. This implies that Thursday bottom was some kind of 1, and since we are doing a 2. That implies major break into tomorrow.
The other alternatives would be bullish.
Ravi
Post a Comment