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.
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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
Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
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The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj
You are welcome. I have had intermediate term sell singals the past few days. Today's close gave a short term signal as well. So, I would expect that the move down into either the mid Sept (bullish) or the Mid. Nov (prolly not bullish) cycle lows is upon us.
Elliott wave is the most powerful tool, imho ;-) The top here looks like the top at red 1 and 5 and now we got the signal. Break a daily low should be the next confirmation.
You are welcome. I have had intermediate term sell singals the past few days. Today's close gave a short term signal as well. So, I would expect that the move down into either the mid Sept (bullish) or the Mid. Nov (prolly not bullish) cycle lows is upon us.
ReplyDeleteHere is the wave count I am following:
http://i1240.photobucket.com/albums/gg500/SoulJester786/WAVE_COUNT_zps57c07c70.png
Elliott wave is the most powerful tool, imho ;-) The top here looks like the top at red 1 and 5 and now we got the signal. Break a daily low should be the next confirmation.
Appreciate your work, charts, and blog CR.
Thanks SJ and thanks for the chart. I thought you hated EW ? (Reject the theory :-)
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