..........................................Weekly Update Ready
At http://www.joefrocks.com/TradetheCycles.html scroll down a few pages past the major averages stuff. See http://www.joefrocks.com/GoldStockCharts.html for all the charts. My home page is http://www.JoeFRocks.com/ Check out the 5 day NEM chart that shows SPX's (S & P 500) effect on reliable lead indicator NEM and therefore HUI and the XAU. Ciao
........................Disclaimer
Joe Ferrazzano is not a registered investment advisor. Investing in stocks involves risk. Joe Ferrazzano is not a registered broker or dealer. Each investor has to ascertain what percentage if any of one's investments should be allocated to growth stocks or gold/silver stocks. Please see a financial planner, registered investment advisor or at least do your homework and decide what is right for your situation. Growth stocks and gold/silver stocks tend to be extremely volatile which creates opportunities but also can be very painful and risky. Each investor must take complete responsibility for his or her investing actions. Joe Ferrazzano should be considered as one source of information out of many from which to derive a decision on investing.
........................Disclaimer
Joe Ferrazzano is not a registered investment advisor. Investing in stocks involves risk. Joe Ferrazzano is not a registered broker or dealer. Each investor has to ascertain what percentage if any of one's investments should be allocated to growth stocks or gold/silver stocks. Please see a financial planner, registered investment advisor or at least do your homework and decide what is right for your situation. Growth stocks and gold/silver stocks tend to be extremely volatile which creates opportunities but also can be very painful and risky. Each investor must take complete responsibility for his or her investing actions. Joe Ferrazzano should be considered as one source of information out of many from which to derive a decision on investing.
posted by Joe Ferrazzano at
3:04 PM
3 Comments:
Hi Joe,
Question - are you using mostly educated judgment for your parabolic trendlines? I've been trying to fit formulas in to draw mine on POG this weekend, just for kicks, but it seems like more work than the added benefit (if any) justifies.
By
Jeff, at 8:09 PM
Jeff, in the third/EW 5 short term upcycle of a minor int term upcycle there's usually a 2-4 day blowoff spike of 5-10% or more. The parabolic trendline is nearly vertical at that point and connects the cycle lows for that 2-4 day blowoff spike. The straight trendline is also parabolic but connects the flatter uptrend as the monthly upcycle rolls over. See the 5 day HUI chart dated 12-9 to see the difference between the parabolic and the straight trendlines. Ciao
By
Joe Ferrazzano, at 11:08 PM
Alice, Elliot Wave B began late last Wednesday and may peak today. SPX and other index funds are dragging gold stocks down. Ciao
By
Joe Ferrazzano, at 7:46 AM
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