Perfect Wave - 2012-1/2

The price action in the major indices is very troubling. The Market is reacting very negatively to the latest news. There haven't been any V shaped bounces in a long time.

The Bernanke Put may have expired.

:eek:
 
Quote from Wide Tailz:

The price action in the major indices is very troubling.

:eek:
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At the point of the knife
You never see anyone
How the strong will survive
At the end of their gun

We Run by Strange Advance :D
 
Quote from snowrider:

It's so true that "At the point of the knife You never see anyone".

http://en.wikipedia.org/wiki/Strange_Advance

:)
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In the S&P, there is lots of 'smart money' in the play and hence trading S&P and variants is pretty much a 'knife fight' in a telephone booth. Having good price 'turning points' helps alot and Elliot Wave is good logic to follow and especially from someone who has figured it out.
 
06/06/2012

SP update -

20120606+SP+-+Daily.png
 
With risk assets on the pop thanks to QE rumors, one would expect gold to be skying.

My spidey senses are picking up a potential bear count for the barbarous relic. If it plunges thru 1520, gold bugs are going to be in serious trouble.

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Quote from Wide Tailz:

With risk assets on the pop thanks to QE rumors, one would expect gold to be skying.

My spidey senses are picking up a potential bear count for the barbarous relic. If it plunges thru 1520, gold bugs are going to be in serious trouble.

attachment.php
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Wide Tailz - Thanks for sharing! Today GC's close did not look good to me. If GC fails to move above today's high in next two days, its selling pressure could become heavier and heavier.
 
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