230 replies to this topic

[Snippit]

Now googled on laptop..EW, baffled here man, wheres conclusion of primary wave 1? Around 153 mark? F n baffled wheres this Sh t heading next day or 2? Understand the hat part helpppp

 

The blog version is with the correct labels for the intermediate waves which should be (3) and (4)

 

 

The blog for JSE is at https://jsecharts.blogspot.com/

[Midas1]

Thanks this has caused me no end all kinds of thinking...have a good weekend

[Snippit]

Snippit please do me a favour and tell me in layman's English where this is heading price wise in immediate future and thereafter, I've just finished work and dont have time to figure out the befuddling elliot wave before tommorrow am, I'd really appreciate it if you don't mind saying approx amount tommorrow and approximately amount next week as I'm short now and starting to worry...thank you I have piles of Elliott notes I printed before but will take me ages to work out what ya mean?? Appreciated

 

On the other hand there is almost always another view. In this case it would see this latest up leg as an abc within an ongoing wave 4 pattern, in which case there should be another down leg from here. I would deploy stops commencing just above the recent high.  

The corrective waves are notoriously difficult to trade due to being typically quite volatile and thereby difficult to predict by normal means. 

But they do make for a good exercise in lateral thinking.

[Midas1]

(iii) is that your minor wave three, 14750?

[Midas1]

Rsi looks overbought

[Midas1]

If this heading for 18450 I'm in the Sh t...is it dipping first if so to what level? Cheers

[Midas1]

Now googled on laptop..EW, baffled here man, wheres conclusion of primary wave 1? Around 153 mark? F n baffled wheres this Sh t heading next day or 2? Understand the hat part 😁 helpppp

[Midas1]

Snippit please do me a favour and tell me in layman's English where this is heading price wise in immediate future and thereafter, I've just finished work and dont have time to figure out the befuddling elliot wave before tommorrow am, I'd really appreciate it if you don't mind saying approx amount tommorrow and approximately amount next week as I'm short now and starting to worry...thank you I have piles of Elliott notes I printed before but will take me ages to work out what ya mean?? Appreciated

[Snippit]

JSE, Impala, IMP

Impala completed Intermediate wave (4) and it is therefor to be expected that it now negotiates Minor wave 3 of Intermediate wave (5) for the conclusion of Primary wave [1].

https://jsecharts.bl...impala-imp.html

 

 

custodiant te in hat

 

 

 

 

[Snippit]

From the Charts thread...

 

 

JSE, Impala completes Intermediate wave (4) 

 

https://jsecharts.bl...ala-imp_27.html

 

[Snippit]

Trinh Nguyen

@Trinhnomics

 

Daily update of #coronaviruschina

 

Rate of infection is slowing to 11% to 31,161 from 15% on 5 Feb but still compounding at a high daily rate

Rate of death is slowing to 13% from 15% to 636 dead (including the doctor) Recovered rate of 34% from 29% & so 1,540 recovered

 

 

https://wavecount.bl...viruschina.html

 

 

 

Maybe hope of winning. But reinfection is happening. This thing needs a blocker to prevent it circulating until no one left to infect. Even then its going to be heavy going. 

On the flip side - global warming will be fixed without another dollar being stolen from the poor. 

Those with heart conditions are more susceptible to not making it.

 

 

Trinh Nguyen

 

@Trinhnomics

 

 

 

Edited by Snippit, 07 February 2020 - 04:07 PM.

[Snippit]

S&P 500 Index

This weekly chart sees the reading of Primary [5] of Cycle V with Intermediate (3) concluding.

https://wavecount.bl...-500-index.html

 

 

This daily chart looks for and finds the black swan...

 

 

quaerite et invenietis

 

[Snippit]

Silver spot, XAG/USD

The weekly chart for spot Silver portrays the Cycle correction into 2016, beyond which is not much to shout about, so far. It would appear that Primary wave [3] is underway, but a sharp eye is needed.

https://wavecount.bl...pot-xagusd.html

 

 

 

But there is some probability of another one of those little up-legs about to start.

 

 

Of course, you don't need to be a lemming in order to buy silver at these levels.

 

[Snippit]

JSE, Satrix Resources ETF (https://satrix.co.za/products)

The chart is similar to those of several of its component shares. The Primary waves [1] and [2] were approx 12 months and 6 months in duration and have been followed by a Primary [3] wave that has extended and appears headed for a duration of approx 36 months.

Primary wave [4] should alternate with the simple zigzag pattern of [2] and Primary wave [5] is often with similar total price move to [1].

 

https://jsecharts.bl...ources-etf.html

 

 

non portitor Orci opus reddere

 

Edited by Snippit, 04 February 2020 - 02:21 PM.

[Snippit]

US Dollar Index, DXY

28th Jan

The development of the chart beyond the channel boundary is addressed by identifying the equal legs abc pattern where each motive leg is a 1.62 extension.

https://wavecount.bl...-index-dxy.html

 

 

lateribus flavis sequeretur iter

[Snippit]

Copper completes Intermediate wave (2) with a thump.

 

 

https://wavecount.bl...res-cfd-hg.html

 

 

 

[Snippit]

JSE, Impala completes Intermediate wave (4) 

 

https://jsecharts.bl...ala-imp_27.html

 

[Snippit]

US Dollar Index, DXY

These charts indicate that the bear cycle of DXY has entered the Primary [C] wave. The daily chart points to another leg down required to complete the Minute A of the Intermediate (A).

https://wavecount.bl...-index-dxy.html

 

 

 

The weekly view shows the entire bull cycle of 5 primary waves leading to the cycle degree correction that must continue by means of further weakening.

 

 

tres motus ad corripiendum

 

 

 

[Snippit]

JSE, Impala (IMP)

Impala gives good indications for being now into the commence of Intermediate wave (4).

https://jsecharts.bl...impala-imp.html

 

 

 

os motricium

 

[Snippit]

Palladium spot (xpd/usd) is coming due for a pull back. If Primary [4] is the same as Primary [2] as it often is, price target would be 1850 from here.

 

 

https://wavecount.bl...pot-xpdusd.html

 

 

electro fluctus