Loading ...Dow VLT (EW)
Don Wolanchuk is a widely known and honored market timer.
For eight years, he’s been snorting “Epicenter of Wave Three” to widespread ridicule.
Breeze also posts at Silicon Investor, and appears to collaborate with Don.
I missed this chart on Breeze’s site, but spotted it today at Pretzel’s.
Its provocative, to say the least.
I wish it would be in log form, which makes more sense over the VLT.
For non EWers, this outlines the basics of impulses (1-5), corrections (ABC) and fractals (multiple degrees).
GSC = grand super cycle; SC = supercycle
Directly it says that we are in SC III of GSC III, and this thing still has a long way to go (2032 per Armstrong?)
Indirectly, I think this is saying Dow 100,000 is just a matter of time and the Maduroization of the dollar given $200T in unfunded liabilities.
Would welcome critiques from anyone with EW expertise.
I think the Maduro move happens later. IMO there is likely to be a demand for dollars exacerbating the debt crisis first. In order words I favor the slingshot move where markets sell off initially and the dollar rises to the 120’s. The marker for the final low in gold should be when the USD/JPY is about 165. After that an inflationary cycle.
I realize I have not done an EW critique here but I will post a chart with a longer term view to help demonstrate what I think may be happening and also a video link which EW people may find interesting
I fully agree with you. I think we top in 2018 at some point, to conclude Cycle wave 1 in this ramp up from 2009 (as Cycle 1 in SC 3 within GSC 3). I’m sympathetic to Pokersam’s basic idea that in wave 2 we retest spx 1576, where the breakout occurred. That kind of drop (40% or so) would set your slingshot in motion as the evolving pension crisis would break wide open, and force drastic measures from the Fed. That would spark the start of a 3 of 3 of 3.
When DOW at 100000, AND DOW/ Gold ratio at 10 will make gold at $10000/oz.
Where will be all the rocks???