THESE GRAPHS (BELOW) ARE SHOWING THE TREND PATTERN FOR THE DOW AND IN THE BACK ROUND IT
SHOWS THE LATEST GOLD (SHADED IN GOLD) AND SILVER (SHADED IN SILVER)
IN THE BACK ROUND IN THE GRAPH
FROM KINGWORLDNEWS.COM:
AND A PATTERN WITH THE MARKETS THAT HAPPENED IN 1929 - 1932 IS HAPPPENING AGAIN TODAY PER HIS ANALYSIS
TAKE A MOMENT LOOK AT THE GRAPH READ THE ARTICLE A FEW TIMES THEN EVENTUALLY YOU WILL SEE THE SAME TREND
FROM MANY YEARS AGO.
TAKE A MOMENT LOOK AT THE GRAPH READ THE ARTICLE A FEW TIMES THEN EVENTUALLY YOU WILL SEE THE SAME TREND
FROM MANY YEARS AGO.
THE TREND IS AN UP TREND EVEN THOUGH THE MARKET IS IN A DIP RIGHT NOW IT LOOKS LIKE IT WILL CORRECT ITS SELF
ALSO BROWSE TO DIFFERENT PARTS OF THE BLOG FOR BETTER UNDERSTANDING AS WELL - GNS RESEARCH
FROM KINGWORLDNEWS.COM:
Elliott Wave - The Rule Of Alternation
“There is a general tendency for the pattern of the two corrective swings in a
completed 5-wave sequence to alternate between a simple (very often an
ABC) correction and one of the more complicated or “complex” Elliott
corrections.”
Apparently the Rule of
Alternation also applies to the megaphone patterns on the S&P500 and
the DJIA. The 1966 to 1974 megaphone pattern for the S&P500 had a
rising upper trend line. The 1966 to 1974 megaphone pattern for the
DJIA had a horizontal upper trend line. Starting in the year 2000 these
megaphone patterns alternated their location. The S&P has a
horizontal upper trend line and the DJIA has a rising upper trend line.
The result of comparing
movements in the gold complex to movements in the megaphone pattern in
the DJIA and S&P500 during the 1966 to 1974 bear market was a
potentially very rewarding timing discovery. When wave D in the 1966 to
1974 megaphone bear market pattern in the S&P500 and the DJIA
topped, minor wave (3) of Major Wave III in the gold bull market began.
If we fast forward to the
year 2012 we find that wave D in the megaphone pattern of the S & P
500 and the DJIA is close to topping. At the same time minor wave (3)
of the current bull market in gold appears ready to begin. The
difference is that the current movements represent Major Waves whereas
the movements in the 1966 to 1974 time period were minor waves.
This difference should
result in a more severe bear market in the stock averages and a more
powerful bull market in the precious metals complex. Gold and silver
prosper when the stock averages are in a bear market. The bear market
in the stock averages will be entering its most damaging [E] wave
decline in 2013. At the same time gold and silver should be rising in a
dynamic phase.
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