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To: jjplo who wrote (83419)6/29/2013 2:10:08 AM
From: #Breeze  Respond to of 207474
 
Here's a chart of gold prices from 1920.

Unlike DJI, gold had a long period in which it was fixed and did not trade freely. So applying a grand super cycle, super cycle and sub cycles notations within them is guess work. If you'd like to tell me when the grand super cycles started for gold I'd be more that happy to pick up the count using a traditional EW count. Otherwise I'd be guessing in applying these EW notations to the count.

What would be your traditional EW count on the chart below. Did 1920 start a Grand Super Cycle? And Super Cycle I, II are complete. And Super Cycle III started in 1999? If that's the case then Super Cycle III will last longer than Super Cycle I.

On your chart, your wave 1 lasted 8 years and wave 3 lasted about 3 years. Wave 3s last longer than Wave 1s. Also Wave 4s usually retrace 38%. This correction retraced ~61.8% which is what a wave 2 retraces. So my sense is that wave 2 of 3 just ended.

Let me know the count on the chart below and I can pick up the count and fill in the blanks Intermediate (?) Primary ((?)) of Cycle ??? of Supercycle (?) of GrandSuper Cycle ((???))




To: jjplo who wrote (83419)6/30/2013 12:55:25 PM
From: #Breeze1 Recommendation

Recommended By
just™

  Read Replies (1) | Respond to of 207474
 
jjplo,

Attached is a chart of Gold from 1800 to 2011.

Placing the correct wave count within a GSC of a market requires at least a century of data. Otherwise you'll pick up the wrong count in midstream.

I know the labeling scheme on my gold charts is not the traditional EW notation scheme but it's one I devised for Gold as I couldn't find a big picture price pattern for gold till now.

Chart # 1 below is a chart of gold from 1800 to 2011 and I've labeled a traditional wave count on it.

On Chart #1 the BIG assumption I’ve made is that the wave structure is part of a Grand Slam Super Cycle (GSC). A GSC as you know last centuries.

I’ve picked up this count and have relabeled my Gold chart from 1999 thru June 2013.

So the Count for wave just ended is: Primary ((2)) of Cycle III of Super Cycle (V) of GSC ((???)).

A Primary ((3)) of Cycle III is about to unfold. And you know 3 of 3s are very explosive.

Hope this helps.

Breeze

Chart #1


Chart #2