re: the 60-min. Short additional thoughts If Jones does NOT deliver the short and instead just continues to drift sideways, that is good too - this would be the rectangle formation as per Dow theory = triangle formation a,b,c,d,e as per Elliottwave Theory. Then we shoot up for wave 5 as shown and then the northbound move is over. As things stand currently, LONG from March 2009 is still in force.
Maybe you're right. Maybe America will prosper and everyone will be "elite" or maybe the middle class will all be poor. But the elite still need the middle class to survive.
the jehovahs believe that the bible named 7 rulers of the world, they believe the United Nations to be that 7 th ruler,they say that the lack of a mention of an eighth ruler means there won't be one and that this will be the time of the book of revelations,the increase in famine,disease, natural disasters and the end as we know it, just food for thought
overall DAILY chart move from March 2009 lows examined for THIS glaring inconsistency .... 5 waves up clearly visible on the DAILY chart. But a 5-wave move defines the dominant TREND. Therefore this is a bullmarket and NOT a bearmarket rally as previously thought, hehehehe. Not so fast. It could also be a wave A north, with a wave B down yet to come now, and then a wave C up which together is a 3-wave northbound corrective move from the March 2009 lows. ----------------------------------
Dow Jones daily chart with my original 161.8% target giving Jones a heck of a hard time thus far. Can he cross it? Superimposed on this 161.8% target is the new possible development that the rally from the march 2009 lows is nowhere near over. Next weekend I'm going to brainstorm all this rigmarole as I'm now still sort of dopey from the party last night. So in the daily chart shown below is the entire alternative explanation of the move north from March 2009 lows - shown is the A-B-C move which by definition is corrective and therefore just a bearrally.
Thanks ammo. You've described the MILLENIUM WAVE to a T. But is this what we have or a smaller degree correction? I believe we have the latter and then the bull continues for another 70-150 yrs.
Good points, but please note that the Great Depression occurred in 3 waves, i.e. wave down, then wave up and then the final wave down = a 3-wave move = therefore corrective = therefore dominant TREND was UPPPPP. Thus far we've only had wave down, then ongoing wave up. So at the very least there's gotta be one more wave down. And also note that the current wave up matches the sentiment of the 2007 top just as wave 2 up of the Great Dep. did. The crowd is roped in again today just as it was back then. Then they got crucified back then when the 3rd downwave retraced all and then shot to 161.8% (423.6%) Expecting same-o-same-o now. IMHO of course.
Crude Oil USDCAD (US$ vs Canadian $) USDRUR (US$ vs Russian Rouble) Canada Russia --------------------------------------------- that's not a two-fer but a five-fer just from the Crude Oil chart .... If Crude Oil daily closes below $79.75 and takes out the trendline which passes thru' $78, say your prayers for the Ruskies and the Canadians, but very much more so for the ruskies. It going to get mean. Look for concommitant signal in USDCAD @ > 1.07607 (very reliable) and less reliable @ > 1.02645 to go along with the Crude oil numbers. Target for Crude Oil is equal to the Capital of Iceland, about 10 bucks.
--------------------------------- Jones took out the top in impulsive fashion. Therefore I believe the internal wave 4 is over and we are shooting/forming the top of wave 5 within the daily upwave north from Feb 5. So we are just about within reach of the final top.
Reviewing ..... there was no SHORT so the TREND is still UP. The 60-min. call to go short and then reverse at 38.2% Fib is CANCELED. Instead a TOTAL top call is now in force - IMHO its imminent. A break of the 60-min. trendline will start it and then the break of the purple horizontal line will confirm it. All this action is on 60-min.