Loading ...Are we at a point of recognition? Re: Avi’s wave 3 post.
Is the Point of Recognition of a new bull market at hand? Reading Avi’s recent post, I would think it is possible.
Also from an Elliott Wave perspective, is the point of recognition in the middle of a wave 3? Maybe vi can tell us. What about the POR on the way down on 12-15 April 2013 What wave was that in EW terms?
I would like to be educated on this matter.
I assume you are referring to the stock market. I asked Avi your question (i.e., has wave 2 ended) in this forum on June 27. Here was his response:
“Possible, but not “likely” . . . will be watching how the next rally takes shape. You don’t have to worry about missing much . . IF we break out, targets are 2500, or even a bit higher. You wont miss much by waiting for when its “safe”.” I hope he updates soon….but I guess that is why he sells subscriptions and is not a charity.
Sorry…guess you were referring to the PM sector after rereading your post.
Whoa Whoa wait a min. Hold your horses. I introduced the concept of the POR to the gold stock world so let me clear something up. Recall my assertion of the principle that the POR comes in the second phase of the bull market. (Phase II). So far we are only in phase I.
When the POR comes that’s when the general market participant figures it out. We are not even close to that point yet.
I ask every one of my work mates if they are aware that a bull market is going on in the PM space. Not one has answered in the affirmative. Unbelievably this is still fully under the radar. Certainly by the end of the year the average hedgefund manager will be forced to acknowledge what has been going on and will have to reconsider. That’s when things get rocking.
Please be patient. This thing will unfold over time. Meanwhile think big!
Even Spartacus is unaware of the baby bull. Those who know me know my gold bull inclinations and yet refuse to touch this market with a bargepole
When my wife tells me she sees a bullish article in Huffpo – that will be a clue. Likewise everyone in my office (except 1) is oblivious – they are ‘happy’ that the markets (S&P that is) recovered so quickly – confirming their belief all is well in the world (they have no idea what’s going on with Deutche Bank either).
Exactly… You are referring to Huffington Compost?
Yes the same, don’t get me started….