SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Longer-Term Market Trends
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: ItsAllCyclical who wrote (1405)7/20/2008 1:23:59 AM
From: patron_anejo_por_favor   of 3209
 
Here's my count of the GLD since mid 2005 (which in longer term charts, looks like the III of the whole gold bull):



Currently we are in a v of 3 of III, this part of the chart is enlarged here. The part in your green circle is the "3" of v of 3 of III in my chart (an impulsive move):



By my count we are in the corrective off of that impulse, with one more impulse to follow, perhaps with a nominal new high (100-105 on GLD). Then a longer lasting corrective for several months.....as always in Eliott there are other counts (especially down at the detail level, where the latest "3" could be subdivided further, etc). Should be more up ahead before the BIG correction (the IV of the whole bull, which should last 9-15 months). But I'm new at this too, so take all this with a grain of salt.....<G/NG>
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News