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Free Week at Elliot Wave again
#1
It is "Free Week" over at Elliot Wave Central.

I wish Da Bear was still around to throw his 2¢ in, but I suspect the Covids got him (too much dining out in Southern Restaurants, maybe ?).

Posted here for discussion:


"Spot [b][Gold] rallied above $1921.50, which changes the wave labels. We'll take a deeper dive into gold's long-term wave structure in the August issue of EWFF, which is being publish on Friday. Bullish sentiment remains extreme and as the above chart shows, a short-term triangle pattern (see text, p.49) has developed from $1941.90, the high this morning in the active futures contract. Triangles precede the final move in an impulse wave. This means that gold futures should rally to a new high before the pattern from the March 16 low is complete. A decline below $1925.60 would void the triangle. It may also signal the exhaustion of the entire rally, but we'll look at the progressing structure to make that determination.[/b]

[Image: XASX072720.gif]


Despite the sharp rally of late, [b][Silver] is 50% below its peak in April 2011, more than nine years ago, making it one of the worst performing assets over this period. Near term, the five-wave advance since March is near an end. If wave 5 has any remaining subwaves, Primary wave B (circle) would meet the wave 4 of (3) price extreme within Primary wave A (circle) at the $25.15 level. Basis the active daily continuation contract, this level is $25.120. The area surrounding this level is a magnet.[/b]
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#2
Hard to believe that EW garbage is still around. Talk about a cult...
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#3
(07-29-2020, 12:23 PM)mason Wrote: Hard to believe that EW garbage is still around. Talk about a cult...

 They are still out there, and apparently thriving.
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#4
(07-29-2020, 12:51 PM)aqua Wrote:
(07-29-2020, 12:23 PM)mason Wrote: Hard to believe that EW garbage is still around. Talk about a cult...

 They are still out there, and apparently thriving.

I guess prophets don't have to be right, just believable.
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#5
(07-29-2020, 12:59 PM)mason Wrote:
(07-29-2020, 12:51 PM)aqua Wrote:
(07-29-2020, 12:23 PM)mason Wrote: Hard to believe that EW garbage is still around. Talk about a cult...

 They are still out there, and apparently thriving.

I guess prophets don't have to be right, just believable.

Human minds gotta build models to try and make sense of reality.
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#6
And the second prize is TWO free weeks at Elliot Wave!
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#7
(07-29-2020, 08:13 PM)andrew_o Wrote: And the second prize is TWO free weeks at Elliot Wave!

I missed that.  Sad


What was first prize ?   Wink
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#8
First prize was one week....
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