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Elliott wave outlook

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  • #3,901
  • Nov 28, 2012 9:33am Nov 28, 2012 9:33am
Quoting gnomoneey
if you believe that there was a computer error that dropped gold price then yes retracement....but technically it completed a hs and breakout to downside should be nasty....
we have to wait and see
I think just a pull back cant make fib Now from 1670 to 1754 could be .50 fib
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #3,902
  • Nov 28, 2012 9:35am Nov 28, 2012 9:35am
Quoting MeInGraySuit
That is good you caught it early...hope for a fast recovery.
Ty we get out today
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #3,903
  • Nov 28, 2012 9:39am Nov 28, 2012 9:39am
Breakinf 1.292 the low is in place but dont know if A of ABC or we go 1.302
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #3,904
  • Nov 28, 2012 9:45am Nov 28, 2012 9:45am
Hopefully low is in place my .2923 Long is still holding....
  • #3,905
  • Nov 28, 2012 9:49am Nov 28, 2012 9:49am
Quoting MeInGraySuit
Hopefully low is in place my .2923 Long is still holding....
Great but B or new high if IT is b we are doing a corrective impulse abcxabc so we are doing x if we make a new high that should be 1
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #3,906
  • Nov 28, 2012 9:57am Nov 28, 2012 9:57am
If this is just a correction may be 1.2945/50 is res
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #3,907
  • Nov 28, 2012 9:59am Nov 28, 2012 9:59am
Quoting Luis Carlos
Great but B or new high if IT is b we are doing a corrective impulse abcxabc so we are doing x if we make a new high that should be 1
Yes I believe if the new high it will be one...I am looking for a good 5 wave impulse to finish off 1. I hope it goes to the trendline of the beginning of A and the end of B on my charts. Around .3088
  • #3,908
  • Nov 28, 2012 10:12am Nov 28, 2012 10:12am
Luis I think if we are going to make it to .38xx we will have to see a big break of the trend on the daily!!
  • #3,909
  • Nov 28, 2012 10:21am Nov 28, 2012 10:21am
Hopefully it is an extended 5th wave...that would be nice
  • #3,910
  • Nov 28, 2012 10:24am Nov 28, 2012 10:24am
Quoting MeInGraySuit
Luis I think if we are going to make it to .38xx we will have to see a big break of the trend on the daily!!
Wait first week of december. Nfp and banks and them we get the trend
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #3,911
  • Nov 28, 2012 10:27am Nov 28, 2012 10:27am
US President speaking on fiscal cliff in 10mins!!!!!!!
  • #3,912
  • Nov 28, 2012 10:45am Nov 28, 2012 10:45am
They just said US President is late...what else is new.
  • #3,913
  • Nov 28, 2012 10:57am Nov 28, 2012 10:57am
The fiscal cliff.
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #3,914
  • Nov 28, 2012 11:36am Nov 28, 2012 11:36am
I think this move is corrective
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #3,915
  • Nov 28, 2012 11:56am Nov 28, 2012 11:56am
Quoting Luis Carlos
I think this move is corrective
Explain... This upmove is sharp and decisive which is characteristic of an impulse move
if it is corrective have we hit the high of this move @2943?

olu
If you think you can or cannot do it you are correct
  • #3,916
  • Nov 28, 2012 12:05pm Nov 28, 2012 12:05pm
Quoting Olu
Explain... This upmove is sharp and decisive which is characteristic of an impulse move
if it is corrective have we hit the high of this move @2943?

olu
Move seems impulsive.
Markets are not Random, they are designed!
  • #3,917
  • Nov 28, 2012 12:16pm Nov 28, 2012 12:16pm
I can t now. let see 45/50
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #3,918
  • Nov 28, 2012 12:19pm Nov 28, 2012 12:19pm
Quoting Olu
Explain... This upmove is sharp and decisive which is characteristic of an impulse move
if it is corrective have we hit the high of this move @2943?

olu
I know you saw this before a move impulse and TVE market go to the other side
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #3,919
  • Nov 28, 2012 12:22pm Nov 28, 2012 12:22pm
Quoting Luis Carlos
I know you saw this before a move impulse and TVE market go to the other side
true...

olu
If you think you can or cannot do it you are correct
  • #3,920
  • Nov 28, 2012 12:25pm Nov 28, 2012 12:25pm
Quoting Olu
true...

olu
Like us election night. I see 6 waves from the low. One moré High we got 7. That is corrective.
Stocktwit: LuisCarlos - twitter: @lcparodi
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