Ewj: elliott wave

Not agreeing or disagreeing with you Mu. Just an observation--on almost all of your charts I count 7 waves between your 2s and 3s. That seems more like an ABC X ABC count to me.

Time will tell. I guess we can all be in agreement for a little while at the end of your wave 5 and the end of Prechters W X Y X Z : )
 
Looks like if this is a "C" wave, it has just started in terms of duration.

Neely is on the sidelines, not willing to get involved in the long side in either the S&P or Gold.

A Wave 2 correction in the USD could easily take the USD down to 76.85, 76.35, or 75.86 ( typical retracements ) which would give equities an opportunity to surge in the first part of January.

Coal and mining and drilling stocks are going to the Moon once again today!

:)
 
Tony Caldero seems to have had a consistently good count on the S&P recently. Much better than Neely or Prechter.

In my mind, the first leg "A" was 290 points ( 667-956 ). Add this to the low at 869 and you get 1159.

The sharp rise from Nov. 2nd to the 16th is "A" of the final "C" wave and counts as a 5-waver. The long plateau with the funky square waves is a triangle "B" wave, and we started the final wave "C" with the Santa Claus Rally on Dec. 9th at 1086.

The latter gives you a C=A at 1170.
That's pretty close to the larger "C"="A" at 1159.

For duration, taking 1.618 times A+B = C wave that ends somewhere the week of Jan. 25th.

Breaking it down even further, if the current "C" wave goes the same 5-weeks as the (A+B) from Nov. 2nd to Dec. 9th, we get a top next week.

A 1.618 of the (A+B) would get us out to the second week of Feb. That would be the farthest out that one could make a case for this rally continuing.

Should be exciting, either way!
:)
 
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