Why we under estimate Gold rise :confused: .
Because Gold override every measured moves :eek: .
and wave five keeps extending again and again :cool: .
Gold next target may be $1850 :D .
Wave 5 should end sometimes.
Equity Put/Call Relative to its 20-Day Mov.Avg. now @ 1.11.
June 2011's Equity Put/Call R20 high = 1.12.
Feb 2011's high = 1.11.
May 2010's high = 1.20.
Rebound after Wave V]IV)C3]1)3.5 as Wave V]IV)C3]1)4 should end around here near 11112 :) .
Rebound after Wave V]IV)C3]1)5 as Wave V]IV)C3]2) should end near 11548 :D .
Only INDU stop at measured move, other indices went beyond :eek: .
Wave three cannot be the shortest.
The last wave may be Wave V]IV)C3]1)3.3 not Wave V]IV)C3]1)5.
There may be two more wave-fives to go, Wave V]IV)C3]1)3.5 and Wave V]IV)C3]1)5 :confused: .
SPX reaches measured move @1122 as expected :cool: .
This may be the last 5th wave of Wave V]IV)C3]1) .
IF SPX fall further, this may be Wave V]IV)C3]1)3.3 :confused: ,
and there may be another Wave V]IV)C3]1)5 :confused: .
Wave five is treacherous :mad: .
INDU's, SPX's, NASDAQ's, TRAN's and UTIL's Wave 5 near measured move, may rebound soon :) .
Note: RSI below 30% may give BUY Signal any time, the third time may be the real BUY signal :D .
Wave 5 is treacherous, sometimes it doesn't show up, sometimes it fails, this time it extended, extends and will extend again :confused: .
Note: Gold's $1700 target reached :cool: .
Current , tentative, presumtive wave count = V]III)V5]5)5.5:5v :D .
Wave five is treacherous, sometimes it extends, sometimes it fails, sometimes it does not show up at all.
AUD/USD's Wave 3]5)1.3: and Wave 3]5)1.5 didn't show up :( .
AUD/USD's Wave 5] may be a little failure, so Cycle I might have ended at 1.10799 not 1.12 as expected :mad: .
Cycle Wave II...
VIX's small "w" confirmed then VIX rose as high as 39.25 :cool: .
If VIX's big "W" confirmed, VIX may go UP to 89.53 :eek: ,
then everyone will become fear of looking at a chart :mad: .
The only viable BULL cult is Wave V]V)I5] failure :) ,
and the Markets should not fall belowJune 2010's...
For Grand Supercycle Wave IV];
Forcing 3-3-3-3-3 into a terminal Wave IV]C)IIb]c) is very difficult.
We must count double wave five failure :eek: .
Now we may be in Wave IV]C)IIIa]1)4 or IV]C)IIIa]2),
these may move sideways for a month or so :confused: .
Grand Supercycle Revisited:
Prechter's last Grand Supercycle began in 1932 and ended in 2000 or 2008.
Elliott's began in 1942 and will end in 2012.
Mine began in 1949 and the third Supercycle wave ended in 2000.
Cycle Wave A Jan 2000 - Oct 2002 = 3 years.
Cycle Wave B Oct 2003 - Oct 2007 =...