This is a smaller timeframe EW count from our last EW count and forecast, from April 22. Maybe GLD is due for a little rally up to the 160.5/161 area and after that, continue it's downfall. Our final target for wave 4 (green) continues on 126 and something.
Saturday, May 5, 2012
Chart 1: 10 years,weekly.
Chart 2: 2 years, daily.
Chart 3: 1 year, daily.
Above, we have 3 charts of BAC so we can see the big, medium a littlest picture. We have put some order in our count, coloring the waves with its "ours real" colors for cycle,primary, intermediate,minor, minute and minuette, black,red,blue,green, purpure and orange, respectively.
We are following BAC because we think, this one can give as, interesant upsides and downsides, because it's small price.
On thursday we post an alternative count of our count from April 21.We are going to return to our original count,above and this doesn't change the forecast in the next days or weeks, because we are bullish in both counts. What we need is that this wave 1 or b to get in place and, maybe, this will be very soon, if this hasn't happen yet.
Another tip for this primary wave c of cycle wave 2 is, it's trending nicely.
Thursday, May 3, 2012
On April 21, we forecast as shown in the chart ,below, that we were in wave 5 of intermediate wave C of cycle wave 2, down. Since, some days ago, we are playing the alternative count, shown in the above chart, as wave 4 (green) continue in play and today, maybe, wave b (brown) of wave 4 (green) in place and wave c of this wave starts it´s development. This wave should be very bullish. Lets see what happens in the next hours or days.
Saturday, April 21, 2012
Posted by About me at 12:50 PM