"All human activities have three distinctive features: pattern, time and ratio - all of which observe the Fibonacci Summation Series" (R.N. Elliott - "Nature's Law - the Secret of the Universe" - 1946)
Monday, November 17, 2014
Elliott Wave analysis of stock market indexes and GOLD
Close to a correction in b minute of z minor;
the great upward correction has not yet ended.
In the top of wave 1 of 5 minor;
it will be a parabolic pattern or an ending diagonal?
Myoptimal targethas already beenexceeded. I am stunned...
SomeEuropean stock indexes, no onereally interesting;
even if they appear close to a Top, open short is still too dangerous...
With Silver is one of the most interesting markets of the future;
after a completion of an downward five wave pattern, wave (a) ,
it is possible an upward correction like zig-zag (b)
then last drop in (c) wave that completes wave [Z] of II Cycle.