Loading ...Wave 2 Correction nearing completion?
I do not post much anymore, but this is how Wave 2’s act and more importantly feel and the fear and doubt being expressed today combined with now convictions that that Wave up off the lows this year doesn’t even exist anymore because the PM’s are going down! Down yesterday, down today, and down tomorrow! and to new lows across the board!
We are close and I am starting to commit some capital back into the PM’s today, FWIW
I do wish you would post more. So thanks for this one.
I’m decidedly not in Wave 2 down. Have been since … always.
I’m asking myself here, whether this bottoms on my weeklies in late Dec, or not til spring when my monthlies will get to OS.
I say that because EVERY major low since 2011, has come on or after a major OS condition is struck on my monthlies.
Just to put a # on it, if my favorite “cycling” indicator runs -200 to +200, we’re now at -8. Only about half way down.
Sam, for the record, as I posted weeks ago, expects a nearly complete retrace. I don’t know if that’s STRICTLY EW, or if he informs his counts with T/A in the background.
Daneric is tracking gold, but not with micro counts. He posted his macro count again last night. He’s also been on his count forever.
Oh, and as I also noted before … no one in this PM market should be trading it without a sharp eye on sovereign bonds.
Again … what we are seeing this week … is running hand in hand with the move in TLT. Fully – ask Avi if he has a LT count on TLT/USB.
And then connect the dots. As I did in my long term count for gold.
Read ’em and weep, as they say.