Thanks Joe. Great analysis for the new year. I wished you could provide more TA depth on the gold chart since year end forecast will be representative for trend next year. I will wait for that in the subsequent videos.
For me maybe later. Give a try to some of the techniques I have suggested, for your practice on shorter time frames in Gold. And see what it helps tell you.
Pittsburgh Tom here Thank you so much for your efforts and insight.
Not doing this every day I sometimes get a little off track in relating things to the larger scale. Am I following you correctly in that under the EWI count we are finishing Int 5 of primary 3 and about to embark on Primary 4 if the topping conditions set forth are met and we are only looking at Int 4 under the Fifth Ext Terminal scenario? If this is correct I wanted to ask, that even if the topping conditions are met why it still could not be the Fifth Ext Terminal scenario?
No, the EWI count has this as extended Minor 5, of Intermediate (5) of Primary ((5)) of Cycle V of Supercycle III. Which is the count I suggested back in July, 2013, and that they only later adopted. My only question is whether Intermediate (5) ends as this extended Minor 5th wave that they are proposing, on a sentiment spike, or if it ends in the expanding ending diagonal (fifth extension terminal) to diverge with the technical indicators.
EWI has been massively wrong for years. So far there is not an EW website that has been very good for the last two years. I wish you guys would throw in the towel and show us a better system. So far my candlesticks have been much easier to read and predict the future.
I don’t have the answers. But if one reviews your posts this year ( including all the deleted ones) they will find this method completely useless and potentially distracting. Your analysis are really good. But they don’t produce nor does most of EW. Sorry, but EW is kind of a joke. You attacked OEW for months and if one used his count they would have done far better. Don’t forget. You were calling for a major top a year ago.
One other thing: I mentioned at the beginning of last year that we could go higher for several months because of the monthly bollingband squeeze breakout. I have also mentioned several times that institutional buying was still strong with good strength in the leaders. If you will repost your deleted posts I think you will find my answers. I recognize my system isn’t that great. But I wish you would realize EW isn’t that great either. You sound really smart, but as long as you continue to believe this EW nonsense I think you will continue to disappoint.
Happy new year Joe. In Dec 20 post, you presented an updated version of the chart where Minor 3 was about to be over. However, in the above video you suggest a different labeling for Minor 3. I am referring to chart you show after EWI like count and before terminal extension diagonal count. Any reason for this difference ?
Hi Kaviraj - yes, in that video I said the ES could not exceed the upper red line, at 2695.60, and maintain a relationship that minute ((i)) at the beginning of March, 2017, was the extended minute wave in the sequence. Last week, that level of 2695.60 was exceeded higher. So, that invalidates that sequence. Further, as I noted in this video, part of minute ((iii)) would be cut off by a line from 2 to minute ((ii)) - which is not good form in the wave principle. Hope this helps.
Thanks Joe. Great analysis for the new year. I wished you could provide more TA depth on the gold chart since year end forecast will be representative for trend next year. I will wait for that in the subsequent videos.
ReplyDeleteFor me maybe later. Give a try to some of the techniques I have suggested, for your practice on shorter time frames in Gold. And see what it helps tell you.
DeleteAnother thoughtful, prescient analysis by Trader Joe. Thank you very much!
ReplyDeleteWelcome!
DeleteOutstanding information, analysis, and presentation ET! Happy New Year
ReplyDeleteThanks John. And Happy New Year, as well.
DeleteHappy New year
ReplyDeleteAnd yout's as well, Manu.
DeleteHappy New Year!!!
ReplyDeleteBest to your's as well, David!
DeleteThx
ReplyDeleteHappy New Year
Welcome Fabio! And all the best in the New Year, too!
DeletePittsburgh Tom here
ReplyDeleteThank you so much for your efforts and insight.
Not doing this every day I sometimes get a little off track in relating things to the larger scale. Am I following you correctly in that under the EWI count we are finishing Int 5 of primary 3 and about to embark on Primary 4 if the topping conditions set forth are met and we are only looking at Int 4 under the Fifth Ext Terminal scenario? If this is correct I wanted to ask, that even if the topping conditions are met why it still could not be the Fifth Ext Terminal scenario?
No, the EWI count has this as extended Minor 5, of Intermediate (5) of Primary ((5)) of Cycle V of Supercycle III. Which is the count I suggested back in July, 2013, and that they only later adopted. My only question is whether Intermediate (5) ends as this extended Minor 5th wave that they are proposing, on a sentiment spike, or if it ends in the expanding ending diagonal (fifth extension terminal) to diverge with the technical indicators.
DeleteEWI has been massively wrong for years.
DeleteSo far there is not an EW website that has been very good for the last two years.
I wish you guys would throw in the towel and show us a better system.
So far my candlesticks have been much easier to read and predict the future.
@Todd. Sure they have, Todd. You haven't made one prediction here that could be tracked. All you have done is kfetch.
DeleteI don’t have the answers. But if one reviews your posts this year ( including all the deleted ones) they will find this method completely useless and potentially distracting.
DeleteYour analysis are really good. But they don’t produce nor does most of EW.
Sorry, but EW is kind of a joke. You attacked OEW for months and if one used his count they would have done far better.
Don’t forget. You were calling for a major top a year ago.
This comment has been removed by the author.
DeleteOne other thing: I mentioned at the beginning of last year that we could go higher for several months because of the monthly bollingband squeeze breakout. I have also mentioned several times that institutional buying was still strong with good strength in the leaders. If you will repost your deleted posts I think you will find my answers. I recognize my system isn’t that great. But I wish you would realize EW isn’t that great either. You sound really smart, but as long as you continue to believe this EW nonsense I think you will continue to disappoint.
DeleteHappy new year Joe. In Dec 20 post, you presented an updated version of the chart where Minor 3 was about to be over. However, in the above video you suggest a different labeling for Minor 3. I am referring to chart you show after EWI like count and before terminal extension diagonal count. Any reason for this difference ?
ReplyDeleteHi Kaviraj - yes, in that video I said the ES could not exceed the upper red line, at 2695.60, and maintain a relationship that minute ((i)) at the beginning of March, 2017, was the extended minute wave in the sequence. Last week, that level of 2695.60 was exceeded higher. So, that invalidates that sequence. Further, as I noted in this video, part of minute ((iii)) would be cut off by a line from 2 to minute ((ii)) - which is not good form in the wave principle. Hope this helps.
Delete