Loading ...Lara’s EW for gold
Lara Iriarte publishes at 321gold and Safehaven, among other places.
I just caught this update this evening, and find myself in agreement top to bottom, left to right.
The highest degree markers are the teal a (Dec 15) and teal b — a year or more ahead.
This is in line with my LT gold EW count (lower right Keepers) and Daneric’s as well.
The internal wave counts have been treacherous, but I think she’s nailed it.
Basically teal b is a burgundy WXY corrective.
And W, X and Y are each constructed of ABC subwaves in black.
The A’s can be fivers or threes. B’s are threes unless triangles. And C’s are fivers.
If this tracks from here, better have your preps in place before teal b concludes.
DanEric ew count had the s&p dropping to 600 in 2008 and 2009
I stopped reading him after his consistent incorrect calls for a couple of years and the market went straight up
Hopefully he’s gotten better.
Hmm … first, I was referring to Dan’s count for gold. Not Dan’s take on stocks.
(Second, in any event, the S&P did hit 666 in 09. I gather that’s a miss in your book.)
Anyhow .. this post concerns gold now and for the months ahead. And this is Lara’s take in detail, not Dan’s. So I don’t get your drift.
He missed for years. Consistently Check your historical data on Him
I read him daily for a couple of years
Major miss. Consistently. Don’t trust a single bit of his work
Maybe he’s right now. Giving you my experience
But thanks for posting. Always appreciate others work making it available for
Me and others.
Ask him.
Mserr…I think you misunderstood pedro
This work is from Lara !
Not Daneric ( Daneric and pedro and Lara are all on the same page)
me…I am too numb and dumb to understand EW at this level
Its greek to me…but obviously a lot of folks use and benefit from it.
Thanks, Fully.
Well … but … let’s run with Dan for a minute here. Anyhow.
I mean .. he’s such a loser … consistently wrong …
Well, then .. turning to gold in Aug 2011 .. he posted this ….
http://danericselliottwaves.blogspot.com/2011/08/elliott-wave-update-24-august-2011.html
Chart annotated ….
“[Update 4:54PM: Gold’s count certainly has enough waves in place to consider it a finished wave pattern.”
same outlook from Mr. Spellchecker ( Armstrong). Perhaps the Euro top out into resistance and the Dollar swing up for change. I am thinking if it will be another ‘sell the news’ event via German elections. Seasonal gold also comes into play mid June- mid Aug. Coiling energy in so many charts. S&P DJIA showing divergence topping so also expecting a correction with that bunch and figure we go down with that ride also. Good chance the chart is correct imho.
She has few alternative counts also. One of the alt count is bullish if gold takes out 1294 the recent high.
Lara’ EW analysis is excellent!!!!
I am watching her target of 1054. That will complete the super cycle wave a. Then the fun begins in super cycle wave b which will take out the 2011 high. I will not live to see that.