Nasdaq100

The Nasdaq100 has visited the prospective location of the top of Cycle 3. 

The last Tech bubble peaked at the top of Cycle 1.

The form of Cycle 4 is highly probable to have alternation with Cycle 2.

UK Column 

21st Century Wire 

Goldfields ADR

Goldfields (New York) shows that Primary [4] is underway and is already at the 61.8% of the Primary [2] move which is a good target for the turn into (B) 

vel concidat natare

Gold (spot) XAU/USD (updated)

24th August

Pilgrims progress.

Is a mask going to help anyone?

12th August:

Market insanity is the only thing that makes any sense.

7th August:

On the other hand this alternate count sees more complexity in the extension exercises of Primary wave [3].

aurum febricitantem

How bad is COVID really?

 

Covid-19 medication for persons at a higher risk

To defend against and combat the Covid-19 flu it is known that zinc with hydroxychloroquine is effective.

Zinc is said to be best absorbed as a sulfate, citrate, oxide or gluconate rather than picolinate.

Long term daily intake should not exceed 10mg molecular. Excess intake can be counter-productive.

Zinc reduces levels of copper, so the supplement should provide a little replacement copper.  

When zinc combines with certain foods it may not be absorbed into your body and it will do you no good. If you are taking zinc, the following foods should be avoided or taken 2 hours after you take zinc:

        Bran

        Fiber-containing foods

        Phosphorus-containing foods such as milk or poultry

        Whole-grain breads and cereals

 

On an equivalent molecular basis:

Clioquinol is said to be 10 times as powerful as hydroxychloroquine (HCQ) but can have bad side effects.

The active part of green tea is said to be 6 times as powerful as hydroxychloroquine.

Quercetin (QCT) is a common supplement said to be 3 times as powerful as hydroxychloroquine.

If you don't want to go to the hassle of getting a prescription for HCQ stop by a health food store and get Quercetin or Green Tea or Green Tea Extract.

Other essential minerals that need to be consumed daily, either through diet or supplementation are Magnesium "a vital mineral of which MOST Americans are seriously deficient", Manganese (tiny traces required), Selenium, Sulphur (white Onions, Garlic, Broccoli) and of course Vit C and Vit D, especially Vit D3 which should be taken in conjunction with Vit K2 for the best effects.

From 4th August:

Gold was resting before a final push to a more elegant [3]. 

Bitcoin

Update 28th August 2020

By assigning Cycle degree I and II then this extended Primary wave [2] is a variation on the earlier Cycle degree bear take that can also accommodate the previous bull take if [2] replaces (A)

From - 3rd August:

The bull trend take for Bitcoin is reflected here against the USD.

It describes the development of Primary wave [3] as being mid-wave within Intermediate wave (3). However, the achievement of adequate clearance above Primary [1] for the accommodation of Primary [4] appears to remain a long way off.  

My numberings:

26th July:

The bear trend take for Bitcoin is reflected here against Sterling.
It appears to point to the next US elections for the conclusion of Cycle II. It assumes that the launch to the peak was a rapid Cycle I, which possibly overstates the order but is otherwise irrelevant. The appearance of 5-3-5 zigzags lends credence.

tuum fatum, signatus

The Hydroxychloroquine Scandal

Gold (spot) XAU/USD Silver (spot) XAG/USD

31st July:  Gold spot XAU/USD, daily 

Typically, when taken from the end of the 2nd wave, the 1.618 Fib ratio of the 1st wave will target the top of the 3rd wave. In this case that target is taken as [3]' because there is no alternation between the larger pull backs of the Primary 3rd wave up to that point. The 1.618 Fib symmetry from [4]' now points to the extended top of the Primary 3rd wave. This target is also supported by the RSI and month end. 

ire brevis

27th July

Spot Gold:

Spot Silver

24thJuly

With the inrush of the lemmings the time has ripened. Pro is also short for prospering, most often by taking the candy from the babies. The piranhas will now strip the fattened  pig to the bone. Sorry for the lemmings but due to the nature of the jungle the truth is that history still repeats itself most each and every day. No amount of woke or coke can change this one. Maybe the piranhas can be temporarily distracted whilst the lemmings make a run for it, but its a long shot.

longo vivas tempore

My numbering:

The purpose of sharing this is to encourage broader interest with the application of the Elliott Wave theory. 

The standard version of the theory applies.

Silver spot XAG/USD

Rip van Silver fell out of bed during a seismic event and no sooner awakened from its extended coma than it got rediscovered by a dopey punter. From the gutter to stardom just like that fairy-tale story.

gravem somno

Artists impression

Silver lost its precious status and was thrown into the basement with the base metals, but necessity has dictated that it can now be precious once again.

Charts of Gold

Review - 14th July:

This weekly chart indicates the progress of Cycle V. 

It assumes the conclusion of Primary wave [3] of Cycle V at the point where [3] = 2 [1]. 

It demonstrates my discovery of the application of the Commodity Channel Index as a leading indicator during divergence episodes with both the RSI and the price action. As can be seen here the CCI has predicted each major pull back during [3] and now it supports the assumption of the conclusion of [3]. 

Lockdown Deaths

From 2nd July:

Most likely a lot of shorts went on gold yesterday, but the gold chart indicates that this instrument is playing its own unique tune of fake freedom as it steps up the pressure into the Primary wave [3] finale. 

This Gold futures take presents with a more visible double zigzag for 4.

stulti irruitis

From 29th June:

The 4th wave horizontal band is under a second wave of bullish assault. The possibilities are as confused as is normally expected for 4th wave behavior. 

These musicians know what they don't want, this can help them to decide what it is that they do want. It would assist if they could decide how to become decisive..

From 19th June:

When the mist clears you can see Excalibur emerge from under the water.

non fumigans

Chart of Gold Fields (New York) 

Elliott Wave Rules & Guidelines 

Gold Fields ADR, New York

Update 10th July:

From 6th July:

The price action for Gold Fields ADR has entered the target cluster zone for Primary wave [3]. 

summo secretum

From 17th June:

Gold Fields ADR is seen to be approaching the conclusion of the extended Primary wave [3]. The target zone is indicated by the 1.62 Fib ratio of Primary wave [1] for wave [3] as well as the equal legs projection to and from the mid-wave reset of [3]' [4]'. 

Nosti quid sit?

XAU/GBP

This daily chart of spot gold in Sterling XAU/GBP observes the extendings within Primary wave [3]. Now entering Intermediate wave (5) following a complex extending of Intermediate wave (3). This is not the only available observation. There is always at least one other viable option. The objective is to find and go with the correct one. Assuming it makes a difference to the prospective outcome.

vitare dolore

BTC/USD Charts

S&P 500 Chart

Update 17th July:
The chart matures into a more classical work of manipulation.

citius adulterantes

Article: Lockdown Deaths, Not Covid Deaths

My numbering:

From 13th June:
The overwrought "rally" is configured for dual purpose but designed for something specific.

Look what the Brits did to themselves:

BTC/USD

XAU/USD

This 4 hour chart takes the view that Minor wave 4 of Intermediate (5) has concluded via an equal legs correction pattern which has followed the Minute degree 4th wave of the symmetrical triangle. 

The purpose of sharing this is to encourage broader interest with the application of the Elliott Wave theory. 

The standard version of the theory applies.

My Wave Numbering

S&P 500 Futures Index

No matter which way the S&P 500 futures chart is seen, a correction is required. The Fed will need to master the art of mass hypnosis in order to deceive everyone into seeing something otherwise.

Bitcoin BTC/USD

This chart is not exactly the same as the Bitfinex one, but its close enough for the purpose.

This daily chart expects the completion of Minor wave 1 before the pull back of Minor wave 2. These two waves are within the 5-wave uptrend of Intermediate wave (3) which is within the 5-wave uptrend of Primary wave [3].

I see wave 1 as an unfinished 5-wave impulsive pattern which is busy with its 4th wave. This is the basis of my opinion at this moment. If the chart changes from this expectation then so will my opinion.

The typical target for 3rd waves in a bull trend is 1.62 of the 1st wave. This often requires an internal extension of the 3rd wave where waves 2 to 3' and 4' to 3 are similar by having 5 smaller waves within each. For purpose of projection wave (4) turns down from (3) by a distance that is assumed equal to wave (2), then the 5th wave is assumed equal to wave (1) and ends at [3]. This method is sometimes over-ambitious. The results for the 3rd waves will have a strong influence.
I will be looking for an approach of 2 for the next purchase.

The future timeframe can be very different to what is squeezed in here, but 3rd waves are generally driven by strong momentum.

My Wave Numbering

S&P 500 Futures

The bear correction perspective sits far more easily for me than the option of the bounce being the 1st wave of the bull resumption. Maybe it has a connection to the pre-virus state of everything where the virus effect negates the collective if not collusive interventions. Financial warfare is also keeping well. But it could also be that the shortfall of alternation in the chart patterns is the niggle.

Gold Charts