Loading ...EW $HUI Index
In Elliot Wave you always have to go with the “right look”. To me I can make several different cases by looking at the hourly,daily and to a certain extent weekly charts, but the monthly tells me the downside “is not done yet”, FWIW
Daily Charts:
http://stockcharts.com/h-sc/ui?s=%24HUI&p=W&yr=4&mn=0&dy=0&id=p70322435998&a=345568080
http://stockcharts.com/h-sc/ui?s=%24HUI&p=D&yr=1&mn=5&dy=0&id=p57520694647&a=430497235
Nice work!!!! HUI should turn this week. On monthly it appears ending contracting diagonal.
What will be next once this is complete????
Nice Patty
That will qualify for final capitulation
FGC – when there is a “turn” at that lower trendline and “no-one cares”!!!
Way too many tuning bullish here, IMO Still too many “guru’s” being followed and/or revived.
I’m with you on one last leg down.
Not with you on the larger count, as an ABC off the 2008 highs. I’m on just the A of the ABC off 2011. Only a B retrace is coming next.
One rule on your move up off 2000 lows, re your blue 3, is that 3 can’t be the shortest of 1 3 5. Have you checked that? It appears close.
All three are 225+ points or so.
No way a count like this (at larger degree) would be valid for silver. Not required, but its another reason to consider alts.
Thanks for weighing in, as usual. Nice to have another wave artist stopping in now and then.