Working off my system, but using EW to describe what I’m seeing.<\/p>\n
Indices appear to have made a smaller wave 4 low in late Aug.
\nNow in 5th wave up (within wave III impulse from 2010-11).
\nProbably close to completing 3rd subwave within that 5.
\nRate hike in Dec (after shopping is done) should start us on large IV.<\/p>\n
Crude impulsed off the lows in Aug.
\nSpent Sept\/Oct in sideways B. LIKELY now starting C up.
\nIf so …. watch out energy shorts.<\/p>\n
PMs delivered on the higher highs I’d been calling for.
\nBut the swift retrace is leaving the larger pattern less than clear.
\nI have JDST on (provisional) IT buy, but not DUST …. no sells on metals …
\nCould be the post FOMC drop ended a complex corrective 4, and 5 up for GDX etc remains, from here.<\/p>\n","protected":false},"excerpt":{"rendered":"
Working off my system, but using EW to describe what I’m seeing. Indices appear to have made a smaller wave 4 low in late Aug. Now in 5th wave up (within wave III impulse from 2010-11). Probably close to completing … Continue reading