Loading ...“to C” or “not to C”
https://twitter.com/eWavePilot/status/1719103467862585679
if not by C, then by 3.
(In memorium to “2ifbyC”, an exemplary poster — and noted deflationist — on another board who reportedly drowned in a scuba diving accident in the Caribbean about 15 years ago)
chart text
Wave ‘3’ downside objective at 4101.54 now satisfied into last week’s low of 4103.78, potentially completing a 5-wave, trend-defining decline down from this year’s $SPX #SP500 4607.07 high.
While medium term downside objectives = 3250 +/- 50, we must now allow for the possibility of a year end, seasonal, corrective (not seeking new high) rally in the wave ‘2’ position, prior to further downside in wave ‘3’.
If alternatively we have been developing a series of ‘bear coils’, aka 1-2s, then look for downside acceleration below 4100 to confirm.
Gold and gold share panic
2IfByC – Sat, Dec 16, 2006 – 12:48 PM
Yesterdays action in entire sector was not just a local phenomenon of marginal players.
Yesterday should be seen as a warning….it was a sample of what will happen in the coming general speculative meltdown.
Speculators caused the $720 mania rampjob and speculators and their machines scrambling for the exits will take physical and shares to new lows.