Loading ...GDX Potential Targets
Here’s a look at how Advanced GET is currently viewing GDX on a weekly chart. A couple of takeaways for me: (1) the W 5 projections seem to dovetail with Avi Gilburt’s 2016 projections for GDX; (2) on the somewhat negative side the JTI (Joseph Trend Index) is currently red (i.e. very overbought). I think I will sit tight for now as Mr. Spock recommends.
Sorry, but GET is terrible. Also, techs in the heart of a wave 3 are overbought and remain overbought. So, that alone is not an indication of a reversal, and supports the 3rd wave expectation.
Avi…are you saying that the W5 AGet targets are completely inaccurate? It seemed to me that they do, more or less, dovetail with your projections. Maybe I’ve read your (belated) posts incorrectly. As for the JTI, it can stay in the red a long time before it changes, so if that’s what you’re taking issue with, please ignore the comment as to that indicator.
my experience is that their labeling gets change A LOT . . and it is not reliable … we are actually in development of software to take into account Fibonacci Pinball for EW counts, which will make them much more reliable.
I can’t wait to see your software in action. And you are correct, AGET projections change a lot. My main objection to the software is that it really doesn’t tip you off to the beginning of W3s (or to put it differently, the end of W2s. And those W3’s are the moneymakers.
I don’t GET is
what’s this GET thing
Elliott wave software Fully. Created by Tom Joseph of Akron, Ohio. In 2000, (at the exact top of the stock market) Joseph sold the program rights to Esignal. My program is an old one. Esignal has a newer version.
http://www.esignal.com/support/advancedget/default.aspx