This is intended to be a forum for me to post chart ideas and hopefully receive feedback and stimulate discussion.It is not intended to constitute investment advice.
It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford
1 spicy meata ball! s/chttp://scharts.co/1fVVs4U
Hey Wile! Have a great Christmas. Go easy on the chillis :-)
You as well CR. And to all the other posters who I rile on occasion.Leaving you with a Gary Wagner PM clip.http://www.youtube.com/watch?v=XRCLgQyZ_xg&feature=youtu.be
I renewed my data with Hubb primarily because of their Optiongear software but also because they give you an extensively long dataset for the DOW and others to enable more revealing long term wave counts. An annual chart of the log DOW from low of 1932 IMO reveals that the best looking Elliott channels fit a major high in late 2007 and not 1999 as Prechter and many others have been basing their work on.http://s1299.photobucket.com/user/HydroEcol/media/DOWLogAnnual_zps2d6b7b63.gif.html
Cash on the sidelines... hehehttp://www.billcara.com/cara-community/wp-content/uploads/2013/12/20131220_moneymkt.png
"... Out of the $638TRIL OTC nominal values interest rate derivatives make up 77% of the market.Current currency interest rate turnovers(according to BIS) are now at $2.43TRIL on a DAILY basis, way higher than the same daily turnover numbers in 2007, before the crash when the same daily turnovers were at the $1.6TRIL level.What currency has the most interest rate turnovers? The Euro! Almost double since 2007 and almost double USD based daily turnovers. Forward rate(FRA) instruments traded in Euros have increased 97% since 2007. ..." - Kaimu
Joy divisions count agrees with many including Cycles man Wood, that the top of GSC III was in 2007. The orthodox top and the top when priced in Gold was in 2000. In either case we are in an expanded flat for supercycle wave A of GSC IV. Cycle C down should take out the 2008 lows, unless the USD collapses. Then you'd need to look at the chart priced in Gold or a basket of commodities such as RJI. W
Interesting thanks....I don't have much confidence in long-term EW counts but its kinda fun to watch them.Have a great Christmas Wile !