I have now called the beginning after August 19th, so my timing is better. I will call a Dow low of 8000, bounce, then 6500..... but the high? that is the money question....
Thank you kindly. Yes your pattern has already been considered by yours truly. A push up to $1365 is required to complete the 2nd triangle. Will then watch for a breakout above March 9, 2014 top = pattern is invalidated and high odds a new bullrun in progress OR Repelled at the 200week ema @ $1365 = wave 5 down initiated = take my loss and go short instantly. Much obliged to you for bringing this up
Welcome current TOP is July 17, 2014, breakdown got underway when my trendline was taken out on July 25th = info in opener of this thread.
See extreme right of chart = triangle = needs a wave 5 down = the historic low of "7" will be taken out = Depression gets underway in earnest.
Quick update while I wait for my coffin to arrive No change in my status on Gold. All it takes is the Dow Jones to cross the topline by just one hair - I'll be wrong. Current locations: Dow Jones just shy of 78.6% retracement S&P has crossed 88.3% which is now a very bad sign for me saving grace but will it help? ..... Powerful brakes are being applied by Germany & France