The setup for the big trade

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Fri, Feb 12, 2016 - 7:35am Spartacus Rex
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CHARTS

Who knows if this move is headed to 1345 before any meaningful correction. It's just an analog to keep in mind. Here is a chart for everyone's consideration.

https://jessescrossroadscafe.blogspot.com/

I think the most conservative tool for judging whether the final lows have been seen is the concept of synchronicity. That is to say, we need to see the same amount of time--and no more--spent on the right side of the inverse head and shoulder formation as was spent on the left side. This guy is calling for a cup and handle formation, but as we used to say, the problem with charting is that everyone knows the rules. So, we are talking about a lot of time. Regards the ending diagonal formation, if the lows are in we can say that the final wave down is a failure and the count begins near the second price low on December 17, 2015 at 1049.50 vs the low on December 3rd at 1050.60? It is meaningful that the lows were not confirmed by futures on those dates.

Fri, Feb 12, 2016 - 7:36am
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Good chart for review

Actually, it's the anomaly in the chart that makes it so very interesting right now. Thanks for pulling it back up Rex. I hope you get to see that one thing right "there".

This room is literally one of the two places on the internet where I get new insights into analysis. But I'm still a newbie, only been at this for about 25 years and not as a profession. I'll admit I've got a lot of catching up to do.

So, did I ever tell y'all about the time I was having a long and enlightening conversation with a group of people and someone came in and started telling fart jokes?

EDIT: No need to look for the the main point of the chart, Rex. You get it fully described with labels and annotations.

Fri, Feb 12, 2016 - 8:00am Nick Elway
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Nick Elway wrote:   Imagine

Nick Elway wrote:

Imagine unemployment numbers if we succeeded in "End The Fed"!

You don't have to. Just pull up the employment and economic charts from the beginning of this country. Life was no economic nirvana. This is just another version of a game recently mentioned, my president is better than your president (something like that). Life would be better ONLY IF.....

Then a guy named Dewey came along and showed that recessions occurred like clockwork, just like inflection points occur despite manipulation. There were panics, runs, recessions, wars, pestilence, plaques like there always have been since time immemorial. Fed can't be responsible for all of that? You might find that unemployment, recessions, decline in business cycles have more correlation to the activity of the sun, as has been noted recently, then it does your all powerful central bank. And just like gold will reach it's ultimate high despite manipulation like Schumpeter demonstrated.

Nick Elway wrote:

Robert Anton Wilson said a clever numerologist can make any numbers you give them appear significant.

Yes, but a wise numerologist won't be fooled by the clever one. Because he has already read Gann's correspondence course and his reading list of numerology, and ancient mathematics and realizes that whatever reasons you want to attribute to the Civil War, or even 9-11, they all occurred within a Fibonacci Sequence, and the last Fibonacci year we had from the Civil War was 2009. It is claimed he had a 85% rate at predicting markets and events. His list of successes ie track record is available to view. And those were specific predictions, not general. AS I mentioned in another forum, they called him a prophet. But he laughed it off, because he just understood the profound depth of numerical realities and how working them could show us alot about the future.

Nick Elway wrote:

Perhaps the cycle guys can give us an end date for the FED?

Probably not. Because that assumes something that this paradigm doesn't assume. Why would you do that? Plus endings aren't a big thing among cycle analysts. Go back and read AM's article on the ouroboro's.

While the intensity of this GV or V inflection period has been one of alot of fire, it also seems to be one where a greater realization of the disparity of paradigms that exist on these forums have come up for all of us to view.

My guess is that Laverne's post and Solsons recent posts showing their work trying to decipher cycles at work, represent a leap forward than our old conversations outside of what AM posts. Maybe they even were well timed from the beginning of this forum. Because the reality is rolling up your sleeves and working this stuff is the only to try to figure it out instead of just being on the sidelines and waiting for AM's next post.

These two polarities of understanding have come to the surface and as you would expect, like any good war, they are at odds with each other and each side can't reconcile the others world view.

There is always a silver lining within the chaos.

Fri, Feb 12, 2016 - 8:55am eclectic
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eclectic wrote:....  Regards

eclectic wrote:
.... Regards the ending diagonal formation, if the lows are in we can say that the final wave down is a failure and the count begins near the second price low on December 17, 2015 at 1049.50 vs the low on December 3rd at 1050.60? It is meaningful that the lows were not confirmed by futures on those dates.

That was a good spot ... the futures non-confirmation. Thanks for mentioning it here.

Re Elliott Wave counts, as usual there are several to choose from.

I like Daneric's current preferred count:

His blog is here if you want: https://danericselliottwaves.blogspot.ie/

Lest that should make you go "hurrah" too quickly, here is is bearish long term count:

Now the ultra long term is still up for grabs, in that the road is not yet paved there. But if that super B and C are to come, then the B could be an irregular, with B making new highs for the gold price, and the C being some kind of post cheap energy/post war/post inflation stagnation financial era. I just mention that. In particular, B could take a very long time to unfold.

How about if the first A leg of that big B takes form of a three up (A) for a year, three down (B) for a year, and a (C) up for a year or two. Unfortunately B waves tie Eliott counts up in knots as they blur the fractal time and price scale boundaries!

But I only included the bigger (bearish) picture for balance, seeing as I was quoting Daneric's compressed weekly picture above it as an illustration of a bullish stance. The possibility of a corrective upswing for a year or two fits a number of the things I look at. And for non EW-ers, corrective means highs and lows following each other, not a pretty uptrend.

This is all very long stuff. The weakness following the current rally when it comes, and the price at which that drawdown stops, be it a higher low or lower low - that's what matters most right now for gold's performance during the next business cycle.

argentus maximus Rhythm and Price http://www.greenhobbymodel.com/rhythmnprice.html This analysis - global markets
Fri, Feb 12, 2016 - 10:36am argentus maximus
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Daneric's EW

I can only quibble with the following analysis.

Red (1) should be moved slightly to the right at the lower price low. Then, Red (1) (2) (3) = Wave A. Red (4) is a triangle and Wave B. Red (5) is the ending diagonal of Wave C. New bull market? Elliot said if Wave B is a triangle, the entire movement would be comprised of only three waves. His 5-waves down makes no sense of any kind of classification fit. Although his long term bearish scenario looks technically correct if the degrees are reclassified, it's hard to see how the CB's can continue pulling rabbits out of the hat with the current backdrop of macro fundamentals.

Fri, Feb 12, 2016 - 10:59am eclectic
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Got you. It matters not much

Got you.

It matters not much if it was a 5 down or a three down, since both may be completed now.

The implications are for an up following.

But if this up is a B up it will be very turbulent, whereas if it a, impulsive wave pullbacks will leave gaps and move upwards strongly.

And so there is the question drawn on the chart characterized by the alternative facing global rulers regarding whether the world will experience more stagflation (trading range B type price moves) or strong inflation to devalue fiat currencies (impulsive up waves that trend).

The depth of the pullbacks will answer this under EW, hence my great interest in the size of pullbacks during 2016.

argentus maximus Rhythm and Price http://www.greenhobbymodel.com/rhythmnprice.html This analysis - global markets
Fri, Feb 12, 2016 - 1:31pm Green Lantern
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maximum reach of the Unites States Empire

Green Lantern wrote:
.... whatever reasons you want to attribute to the Civil War, or even 9-11, they all occurred within a Fibonacci Sequence, and the last Fibonacci year we had from the Civil War was 2009. ....

That particular one targets the maximum geographical coverage of the Unites States Empire for the year 2009.

argentus maximus Rhythm and Price http://www.greenhobbymodel.com/rhythmnprice.html This analysis - global markets
Fri, Feb 12, 2016 - 1:49pm argentus maximus
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Thanks AM

I was beginning to worry there, LOL.

Seriously though, I'm glad to hear that your absence was merely the result of happiness with the market results.

So, simple (hey perhaps even 'silly') question:

When the Price (or if you prefer "Market") breaks trend and rises rapidly /vertically to approx. "half of the maximum expected upside" do the existing cycle arcs remain as they are nevertheless, or are they expected to adapt to the latest input/s on the y axis along with the add'l input from the current flow and volume?

Thanks.

Note to ewguy, I simply c&p'd the first chart I came upon. I knew you would be okay with it. ; )

Cheers

S. Rex

Fri, Feb 12, 2016 - 2:28pm
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suddenly got the urge to

suddenly got the urge to slaughter a dinosaur with my newly sharpened Viking ax

Fri, Feb 12, 2016 - 3:34pm
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SR:I think that December was

SR:

I think that December was probably it for this business cycle.

But there is a time in June or July coming that I suspect the last low could get a good testing by fresh bears.

Another way of looking at seasonal trends says look to April. Usually a low, but might it be a rally peak this time? The reason for such doubt there is that last few years the seasonal has been interfered with by central bankers and bullion bank market actions. But I'm open to the idea that with what they get up to, seasonalioty might reign again, and then opportunity could knock during April.

Got to see how it unfolds and decide on the fly as usual. I'm looking to buy into lows at these preferred periods in 2016, provided I can identify the lows, but that's not as simple as it sounds!

argentus maximus Rhythm and Price http://www.greenhobbymodel.com/rhythmnprice.html This analysis - global markets
Fri, Feb 12, 2016 - 3:58pm
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@Solsson: That sounds a bit

@Solsson: That sounds a bit like the title of a 1950s "B rated" horror movie.

Here is what I have in mind .....

"Solsson Viking Warrior Vs Spartacus Rex"

Now who should I cast as the leading lady?

argentus maximus Rhythm and Price http://www.greenhobbymodel.com/rhythmnprice.html This analysis - global markets
Sat, Feb 13, 2016 - 5:29am argentus maximus
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argentus maximus

argentus maximus wrote:

@Solsson: That sounds a bit like the title of a 1950s "B rated" horror movie.

Hahaha yes my post was a c-rated, my apologies to Spart, I missed the headline saying,

@ SOLSSON - It's Only HUMOR Dumba**! I just reacted to the last Spart post when he was sent off by Turd. I guess we all have a different sense of humor. Thumbs up for spelling my name correct at the first attempt, Norman and Green Lantern failed, and yes I like douchebag I might order one in a near future, a little bit pricey though.

argentus maximus wrote:
Now who should I cast as the leading lady?
I can put on a blond wig, someone in the office said that I looked a little bit like Lindsey Vonn. I must be careful thou when playing a pro-Am with Tiger Woods, if I bend over searching for my ball in the rough I might end up with a woodsian chorizo up my paté kitchen *lol*.

One thing is certain, Argentus Maximus may not make a speech after the fight is settled. It will be so enigmatic we all end up in different places. Some is heading for the near by cottage, ready to be served lunch, others run to the car park starting up their laptops waiting for a new post in setup thread telling them were the price ceremony will be held. A third group is calling a fibonacci number which leads to an asian escort service, "Yes hallo, me is Wee Bee-Loow Hyou "

Argentus speach, "Just stay put, price ceremony in 5min, cake is served right beside the podium" a door is kicked hard from inside the cottage, a woman is standing in the doorway with a big smile on her face shouting, "finally Argentus you make some sense" it's Lamenting Laverne with a big bottle of Champagne in her hand, ready to celebrate.

Have a nice weekend folks,

Oh, the fight was a big anticlimax, Solsson slipped and lost the grip of his ax that flew into the woods, never to be found again, Spart was so scared he fainted, but woke up just in time for celebration, now that was a cute Saturday morning story for ya.

and they say swedes have no sense of humor ... bla bla

Sat, Feb 13, 2016 - 7:49am argentus maximus
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@ AM

argentus maximus wrote:

Here is what I have in mind .....

"Solsson Viking Warrior Vs Spartacus Rex"

Now who should I cast as the leading lady?

Just make sure that she is really ugly.

Otherwise I will have to sleep in the garage dammit!

LOL

Cheers,

S. Rex

Sat, Feb 13, 2016 - 7:56am Solsson
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Solsson wrote: Hahaha yes my

Solsson wrote:

Hahaha yes my post was a c-rated, my apologies to Spart, I missed the headline...

...

Have a nice weekend folks,

Oh, the fight was a big anticlimax, Solsson slipped and lost the grip of his ax that flew into the woods, never to be found again, Spart was so scared he fainted, but woke up just in time for celebration, now that was a cute Saturday morning story for ya.

and they say swedes have no sense of humor ... bla bla

Svensken?

Bare Finnene bringe en øks til en tank kamp!

BTW,

Vi Nordmenn gjør ikke besvime

Selv om vi har vært kjent til dritt bukser når bølgene kommer over 100 fot høy.

Ikke at noen svensker om bord vil legge merke til, siden de er alle under dekk oppkast sine guts ut.

LOL!

Kanske har du hört talas om

två tusen två hundra tjugotva”

Om inte, be din morfar

Livet er kort, så husk å le hver dag.

Cheers,

S. Rex

Sat, Feb 13, 2016 - 7:59am
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Giving all due respect to

Giving all due respect to Rex, I second the motion -

AM - if you decide to change your screen name, you should definitely adopt your alternative identity as Normstradamus.

Sat, Feb 13, 2016 - 9:35am
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Det var som fan, en

Det var som fan, en Norrman döljer sig bakom Spart, där ser man :-) haha vilken ironi. Jag har jobbat en hel del i Norge, Oslo, Bodö, Fauske, Rognan. Fint land med fina människor, speciellt dom norska jäntorna.

2222? Nä min morfar är död sedan 3decennier, men du får gärna berätta.

Egentligen är jag ikke svensk, jag är SKÅNING, vilket är lite finare än svensk, norsk o dansk :-P

Ha de,

/S

Sat, Feb 13, 2016 - 1:39pm
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Trader Dan on Gold

“I expect dips in the price of the metal to be bought since the conditions that have given rise to gold are still in place and do not look to be going away anytime soon.”

He's the guy the bugs love to hate, since he doesn't believe in any manipulation of the metals. I do think he has hit the nail on the head based on pure market psychology. Everyone now wishes they were long, awaiting a pullback which may come only from higher levels? I think this confirms AMs thinking. There is a lot of bearish sentiment in place during the formation of an ending diagonals at the lows.

Sat, Feb 13, 2016 - 3:54pm
eclectic
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HERE'S A TEASE WHICH MAY ADD FUEL TO THE FIRE

Late Friday Night Charts Suggest Gold Bear Market is Now Over

Posted on February 13, 2016, 2:50 am by Rambus

Tonight I would like to show you a couple of charts that we’ve looked at previously which are showing the bear market in gold is now over. I know that is a pretty big statement coming from me but the…

(lOG IN AND FOR PAID SUBSCRIBERS)

===========================================

Rambus has been a long term bear, looking for the final Stage 3 washout in the metals and miners. Although I don't subscribe(nor would I want to) looks like he may be having a change of heart?

Sat, Feb 13, 2016 - 6:50pm
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for those of you that like math and

its glorious ratios

I think you like this video

Carl Munck - The Code

Enjoy

Silver66

Silver66 Rage against the dying of the light

Sat, Feb 13, 2016 - 10:50pm
Lamenting Laverne
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Me! Me! Me! Me! Meeee!

No wait.............

randomness