Goldtent TA Paradise

The ‘other’ Dan explains (paper) Gold to ~ $475

1. Fullgoldcrown says:

   November 15, 2016 - 9:26 am at 9:26 am

   Well that’s Depressing Pedro

   But thanks

   I think

   🙁

   • Gabe says:

     November 15, 2016 - 9:30 am at 9:30 am

     I think this guy (DanEric)was always bearish on the S&P … First time i checked I think it was in 2010. Any credibility ???

     This is what I read about him: “Daneric studies all of Elliottwave.com’s material like no other human…but that’s not a good thing. He also “invents” wave counts that stray far far away

     from the golden rules set by R.N. Elliott. He’ll twist his counts so that they con- form to his permabear view. I mean, he REALLY twists his counts. He also dresses up his charts so that he “appears” smart. The funny thing is, nobody..not even the most proficient elliotticians can understand what the hell he’s talking about. The herd that follows him only looks for that red arrow that points down, and it makes them feel happy. That’s as far as it goes with Daneric. “

     • Simon says:

       November 15, 2016 - 9:37 am at 9:37 am

       I followed DanEric some years ago, but gave it up because his calls were consistently way off the mark.

     • pedro_deleon says:

       November 15, 2016 - 9:39 am at 9:39 am

       To Gabe – You’re perfectly welcome to dismiss him based on what some anonymous poster wrote about him. What do you know about that person’s credibility?
       I prefer focusing on his reasoning myself.
       As for RNE, no one adheres strictly to RNE’s EW rules. They have evolved in largely modest ways since the 40s.

       Dan was wrong on SPX, but not til 2013 or so. He had rise as ABC up. All the QE from that point on extended the rise.
       Dan was spot on in calling the 2011 gold top, as it happened. Been following him for a decade or so.
       No one makes market calls without getting surprised from time to time.

2. pedro_deleon says:

   November 15, 2016 - 9:28 am at 9:28 am

   To FGC – Well, most of us including Dan also expect $1500 paper gold first. So the BMR hasn’t topped yet.

   • Fullgoldcrown says:

     November 15, 2016 - 1:45 pm at 1:45 pm

     Too much wild assed speculation for me my friend

     I cannot see that kind of wild swing being at all predictable and it makes NO sense from a Chartology Perspective

     to see 1500 ten a complete collapse

     Sorry Pedro..and of course as usual I will eat my crown if this comes to pass ….But I prefer Chartology to EW

     Lets focus on now at any rate..

     Can we spot a bottom pattern here or will we just go down more..?

     Regards and plese keep us posted with this EW count.

     • pedro_deleon says:

       November 15, 2016 - 1:50 pm at 1:50 pm

       We’re wrestling with that question on another board. No convictions here yet. Except.
       Bottom NOT in.
       Not sure yet on near, far or distant.
       My hunch … messy, time consuming w4 here, then down until Dec 26.
       Then when everyone is AFK, we go up.
       If that’s wrong, Sam is right and we wait for spring.