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Cincinnatuus Updated 

That is when you know it is time to SELL, SELL, SELL!! LOL This is one possibility. Doubtful… Timing is wrong.

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For those out there who dream of the Mythical Melt-Up, here you go. With the FED printing to the moon, China rolling over and playing dead, this would be the count for the Final Melt-Up of wave-5 of Wave-III. So the thinking goes, we are doing a 50% retracement of the move up since December 24th as well as closing all the gaps in the S&P that have occurred since...

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I've been watching this possibility for a while. This is the Strong B-Wave Flat 4th wave possibility, that when complete leads to the 5th wave of the III-wave.

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Here's one possibility I'm playing with in my head for the trading pattern for Silver. Looking at the Elliott Wave pattern, and the position on the USD, this could play out. This idea is somewhat supported by seasonals as well.

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The relative strength we've seen out of Bitcoin is a really good thing. The crypto currency has rallied back into the resistance that used to be support for the (b)-wave. Where the (b)-wave was a flat this (x)-wave was a running flat. Thinking bitcoin hodlers can thank the Chinese for the massive amount of liquidity they have unleashed on their financial...

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Since I opened my Trap and Flapped my gums on the future direction of British pound, it's only fair to put my thoughts out there in chart form for others to be able to comment on as well. Now don't kill me on this, I haven't put a tremendous amount of thought in terms of the timing on the waves, so I expect they'll be off a bit... As I look at this chart, the...

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The DXY hasn’t quite topped yet, but it’s running out of waves. Could make a very strong case for another wave in the (d) wave, but the truth is it is likely we are in the (e) wave, and it could end at any time here. That being said, we have yet to see an authoritative down wave that tells us the top is in. That is what I am looking for next. If we see more of...

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With the clear, hard break down in price in the market action for the Bitcoin Currency, it's a good time to update the near term prospects for the price action in Bitcoin. A clear, hard break in price counter to the current trend, retracing that trend faster than it forms, is an indicator helping to determine the completion of a wave. So based on the action of...

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Keep in mind that the main progression of waves over the first half of this year is still upwards. Looking at the standard technical analysis screens, things are still pretty neutral, with the sense that things could break either way. Of course as the Elliott Wave pattern approaches its completion, things always become clearer... There is the potential for range...

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Was watching Jim Sinclair and Bill Holt prognosticating on the future of PM's this morning. As is often the danger of Prognosticating, they have fallen into the trap of thinking that what they see in the future is just about to happen. That's why so many of us 'Seers' wind up predicting eminent collapse that is just about to happen, when the actual event is...

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Honeywell finally funded their Enron, WorldCom style 401K retirement plan, with shares out of thin-air. The shares were at the current price and never mind the missed dividend payments, but they did follow through... The question is when to trade them off. As the S&P trades up into the 61.8% Fibonacci range, all other stocks will top out as well. For me, the...

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With all the over lapping waves, Netflix is exhibiting corrective, not impulsive behavior. Regardless, there has been a clearly defined five waves up, so we need to expect three waves down that will take us down to the price range of the fourth wave of lesser degree. That is a long ways down from here. Netflix looks like it would be something that could be...

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Trying to make heads and tails of the price action in the markets. The Elliott Wave count I’m getting is a series of running b waves with lower highs unfolding with an oncoming major wave down right in front of us. Monday is Martin Luther King day with the US markets closed. I’m expecting a rally above the Minuette a wave highs of mid-December and a challenge...

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Plagued by Jungle Fever, a Big Bite gets taken out of the Amazonian arse. Will Tarzan (Bezos) show up to save the day? Stay tuned…

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We got some favorable seasonal price action in Silver with some sort of bottom in December, coupled with a little safe haven buying as a result of the stock market sell-off. Looking suspiciously like a short covering rally against a potential double bottom going back to December 2015. The rally out of the bottom doesn’t have the oomph you would expect out of a...

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It’s just before the Fed Announcement on interest rates. Silver has been trading between $14 and $15 since August tracing out a mid-trend correction. The Elliott Wave pattern for Silver is right at the point where prices could head down with authority with a raise in interest rates (making the dollar stronger). Conversely, one could make a case that Silver...

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The Market dropped a day longer than I thought it would, but this January Effect Minor upwardly corrective Wave is likely to continue on into the early part of January before the Bear Market resumes. I’m expecting some kind of price action against various resistance levels which are the dashed lines, and the 200 day moving average in red. The wave count is...

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That X-Wave went quicker than I thought, but it has run out of waves. The market should open higher Monday and then trade down for the rest of this primary (C) – Wave into the February 2016 lows…