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Strategies & Market Trends : Longer-Term Market Trends

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To: ItsAllCyclical who wrote (2245)6/2/2012 11:16:00 AM
From: SwampDogg4 Recommendations  Read Replies (1) of 3209
 
Funny that we may just be starting the Wave 3 now
Structure is much bigger than envisioned and we know what that means:)
Certainly got the sentiment for a Wave 2 low
I would see the Wave 2 in many seniors topping as early as 2006 (GG) with very complex irregular corrections over the past 4-6 years.
Stocks like AEM show very clearly a very large ABC off the highs of 2007-2008 and the force of the recent move higher fits into the potential for the beginning of a Wave 3 that will take stocks into orbit.
RGLD shows where this market may be....no mistaking this kind of move. Looks like new ATHs coming
Stock gave the first hint of what was coming this week before any of the others
Only IT cautious count that I could see on RGLD is that this is a 'd' off the ATH with one more 'e' to come into late summer but looks less likely. If gold break 1680...we go now

stockcharts.com

The low?

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