Today’s not the important day in
analytical terms, it’s tomorrow, the “day after.” If the market
remains internally strong through tomorrow’s session, then Primary
wave 2
up from the March low
will have a new lease on another rally phase. If tomorrow shows
little or no follow-through, then today is likely a one-day
short-covering squeeze that runs the bears out of the market just
in time for the next leg down.
…….. it appears that gold has made
a top, at least according to the way we interpret the subdivisions
of this market. If correct, it would be a significant tug lower for
equities. If not correct, it would indicate that all markets are
rallying together.
These guys have also been way wrong. Personally, I
think they have great analysis, but have gotten too big, and thus
HBB will throw money against their prediction to harvest the
shorts....
I was thinking that too -- they're pretty big now and they're
playing the game with all their cards on the table while the govt
and big banks reveal nothing. Makes sense that
the big guys would fade the EWI analysis.
More Prechter back pedalling and shuffling! These guys have been
so
WRONGabout gold for so long, I can't b
elievethey have any subscribers left. Myself included.
Oh, but please feed their marketing machine and buy all their
expensive rehashed and reworked materials.
I really don't like to bad mouth anybody, but
I hazard to guess many have lost much due their postulating. I
did last year and would have buried myself had I listened to them
this year, before I knew better as Valdez said (Valdez Is Coming,
an old movie worth watching
)
When I confronted them a few months back regarding their bad
calls, I got some kind of convoluted canned reply about how it it
was best to leave some things unsaid that just left me scratching
my head.
Posted by doctormike on 9th of Nov 2009 at 11:31 pm
That's why I cancelled my subscription. Don't get me
wrong. Their newsletters are very interesting to read.
Many times they did present great logical cases for their
forecast. However, we all know that this market is far from
logical. For the market to rally like this after accelerating
10.2% unemployment rate, it's as illogical as it can be. But
hey...their newsletters are definitely good entertainment.
Please keep sharing those newsletters for those of us who
discontinued the subscriptions.
the EW folks are only human but the markets are not. Give them a
break, they try to understand the markets through the prism of EW
rules. These rules are often rendered almost useless at times
because of the vagaries of the markets.
Matt and Steve try to understand the markets by looking though
multiple prisms if you will. The big difference as I see it is that
they are not wedded to any particular prism, opting to let the
markets dictate the understanding. They're not perfect either. No
one is. But because they are not primarily invested in one view,
they are far more flexible and that makes all the difference in my
opinion.
The
[U.S. Dollar Index]continues to be the lynchpin in
our “All the Same” market scenario and today’s new low beneath
74.94 is helping allow the recent upward push in equities, as well
as all other asset classes. The alternate interpretation for wave 5
of (C), which we published Friday, is playing out. Wave v (circle)
of 5 started at the November 3 high at 76.82 and is in its very
late stages. Today’s dollar index new low was not confirmed by
dollar/swiss, which so far remains above its October 21 low of
1.0035, nor the Loonie, which remains well above its October 15 low
at 1.0205. The dollar index has a tight cluster of support at
74.46-74.50, which we discussed Friday (see chart). This range
remains as good a target as any. A rally above 75.98 would be the
initial sign of a bottom.
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A few notes from another web site
Posted by bboylan on 9th of Nov 2009 at 05:54 pm
A few notes from another website.
Today’s not the important day in analytical terms, it’s tomorrow, the “day after.” If the market remains internally strong through tomorrow’s session, then Primary wave 2 up from the March low will have a new lease on another rally phase. If tomorrow shows little or no follow-through, then today is likely a one-day short-covering squeeze that runs the bears out of the market just in time for the next leg down.
…….. it appears that gold has made a top, at least according to the way we interpret the subdivisions of this market. If correct, it would be a significant tug lower for equities. If not correct, it would indicate that all markets are rallying together.
These guys have also been
Posted by steveo on 10th of Nov 2009 at 03:46 am
These guys have also been way wrong. Personally, I think they have great analysis, but have gotten too big, and thus HBB will throw money against their prediction to harvest the shorts....
Prechter
Posted by Michael on 10th of Nov 2009 at 05:59 am
I was thinking that too -- they're pretty big now and they're playing the game with all their cards on the table while the govt and big banks reveal nothing. Makes sense that the big guys would fade the EWI analysis.
Are you still listening to
Posted by Palladin on 9th of Nov 2009 at 07:34 pm
Are you still listening to them?
More Prechter back pedalling and shuffling! These guys have been so WRONG about gold for so long, I can't b elievethey have any subscribers left. Myself included.
Oh, but please feed their marketing machine and buy all their expensive rehashed and reworked materials.
I really don't like to bad mouth anybody, but I hazard to guess many have lost much due their postulating. I did last year and would have buried myself had I listened to them this year, before I knew better as Valdez said (Valdez Is Coming, an old movie worth watching
)
When I confronted them a few months back regarding their bad calls, I got some kind of convoluted canned reply about how it it was best to leave some things unsaid that just left me scratching my head.
That's why I cancelled my subscription.
Posted by doctormike on 9th of Nov 2009 at 11:31 pm
That's why I cancelled my subscription. Don't get me wrong. Their newsletters are very interesting to read. Many times they did present great logical cases for their forecast. However, we all know that this market is far from logical. For the market to rally like this after accelerating 10.2% unemployment rate, it's as illogical as it can be. But hey...their newsletters are definitely good entertainment. Please keep sharing those newsletters for those of us who discontinued the subscriptions.
they are only human
Posted by perthx on 9th of Nov 2009 at 11:49 pm
the EW folks are only human but the markets are not. Give them a break, they try to understand the markets through the prism of EW rules. These rules are often rendered almost useless at times because of the vagaries of the markets.
Matt and Steve try to understand the markets by looking though multiple prisms if you will. The big difference as I see it is that they are not wedded to any particular prism, opting to let the markets dictate the understanding. They're not perfect either. No one is. But because they are not primarily invested in one view, they are far more flexible and that makes all the difference in my opinion.
Interesting, that the web site did
Posted by panaspor on 9th of Nov 2009 at 07:15 pm
Interesting, that the web site did not mention the dollar. If it remains in a strong down trend, isn't the market going to rise relentlessly?
Here is what was said about the Dollar
Posted by bboylan on 9th of Nov 2009 at 10:01 pm
The [U.S. Dollar Index]continues to be the lynchpin in our “All the Same” market scenario and today’s new low beneath 74.94 is helping allow the recent upward push in equities, as well as all other asset classes. The alternate interpretation for wave 5 of (C), which we published Friday, is playing out. Wave v (circle) of 5 started at the November 3 high at 76.82 and is in its very late stages. Today’s dollar index new low was not confirmed by dollar/swiss, which so far remains above its October 21 low of 1.0035, nor the Loonie, which remains well above its October 15 low at 1.0205. The dollar index has a tight cluster of support at 74.46-74.50, which we discussed Friday (see chart). This range remains as good a target as any. A rally above 75.98 would be the initial sign of a bottom.