GaiusBaltar

GaiusBaltar

Time to update my August 2017 Elliott Wave count which appears to have played out pretty nicely, albeit with a bit of a delay (by 2 or 3 months) than I had called it. If my count continues to play out, which I think it could, we have an inverse head and shoulders between early June and early July 2018 that could mark the end of wave 2, which began December 2017....

GaiusBaltar

This is a basic Elliott Wave count, tracing out completion of a five wave pattern over the next 5 years or so. Obviously this is a very bullish count. No need to tell me that there are lots of alternative counts that are valid and bearish. In this count we are currently in Grand Supercycle III which ends in 2020 at around $500,000. Why so high? Because I am...

GaiusBaltar Updated 

Five nested cup and handle patterns are drawn in red, with the largest (outermost) beginning in late 2013 and ending early 2017. I am calling this a "Russian Doll" configuration, even though I am not aware of this name having been applied to cup and handles before. Since one cup and handle is considered a bullish indicator, for the sake of this idea, I am...