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happy

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  1. Robert Prechter: "This is it ... US stock averages should begin their biggest decline ever." - 19th September, 2014 note: this also coincides w/ Elliot Wave featuring a free Open Week - LINK
  2. happy

    happy charts

    Another eventful week for currencies: the Australian Dollar continues to respect the downtrend resistance line, as did the Euro which currently sits on the 62.8% fibonacci fanline, which as we have seen previously, tends to be an important "line in the sand" in determining a change in trend. If the Euro were to bounce, then here would be the place to do it. Updated Charts: And finally, Gold & 144 day moving average :
  3. An update from the Elliot Wave blog: Silver : "At this stage I expect Silver should end this first wave down next week. The short term target is 18.335. Thereafter, a second wave correction should unfold which may be very deep." GDX : btw. I notice Caldaro has changed his Silver wave-count
  4. latest from Caldaro: weekend update Thus far we have counted Primary waves I and II completing in 2011. Primary III could have topped in 2013, but extended into 2014. The current uptrend has the potential to end Primary III, as we can count five Intermediate waves up from the Major wave 4 low in February at SPX 1738. However, there are two problems with this count, one in the DOW and the other in the NDX/NAZ. . . . The key levels to watch are first SPX 1905. If the market revisits this level Primary III probably ended at SPX 2011. Second SPX 2011. If the market rises above this level the uptrend is probably extending. Third SPX 1991. Should the uptrend extend it has to rise high enough to avoid overlapping the high of the previous uptrend. Since we are in pullback mode now, SPX 1905 and 2011 are the current levels to watch.
  5. happy

    GOLD

    And for the moment the 30 year / 2 year spread remains in a downtrend, which, judging by the correlation = negative for Gold
  6. happy

    GOLD

    I haven't managed to quantify the edge w/ fibonacci fanlines, however, typically this would constitute a very bearish setup. The interpretation would be as follows: the rejection of the 62.8% fanline confirms the 2011 top in the context of the 2001-2011 bull market.
  7. happy

    happy charts

    So far the 0.650 level has held, but the Aussie has struggled to recapture the 62.8% line and looks to be turning south following a rejection of the downtrend line
  8. happy

    happy charts

    . . . still on track:
  9. happy

    happy charts

    DAX w/ original projection on Daily chart, and longer term view of breakout ... nb. in Euro's
  10. ^ not meaning to clutter your thread: the above video is from August ... I can't seem to link the current (very bearish) take on Gold, but it is currently featured on the front page - 5th September And, I don't have any affiliation w/ the blog, just seems like an interesting count at this point in the market.
  11. Just to give credit where credits due ... the chart & wave count comes from Elliot Wave Gold . Her count suggests we are at a crucial point in Silver (either bullish or very bearish). Note, Lara herself still favours the bearish count, e.g., see her latest video on Gold: http://www.youtube.com/watch?v=pGh1K8NsINk&list=UUK5sgIqry2y4XyyONmAYTjw For what its worth, tea leaves and all ;-)
  12. happy

    happy charts

    tomorrows big news item :
  13. happy

    happy charts

    will be interesting to see whether the intermediate bottom (early 2014) holds for Dr. Copper . . . precious metals not doing too well this morning
  14. happy

    happy charts

    not much room left for Silver to move:
  15. happy

    SILVER

    Sorry, that was a typo (as per previous post) ... should be 19.90. Anyway, looks like we are due a relief rally at the very least.
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