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Long Term Elliota 8/16/21

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Courtesy of jp6.

I'll be back with the morning intraday look after I finish the Swing Trade Chart Picks report. 

  

16 hours ago, jp6 said:
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And now for your longer term listening and dining pleasure:

So You Really Think the Fed Can Taper?

Here Are the Stock Market’s Latest Targets

Gold is Facing the Kiss of Death

US Economy Just Went Over a Cliff

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Once Gold consolidation is over, Most likely it's going to head south. It's following 2011 top then triple lower top was in 2012 but couldn't make triple top like 2012. 

I like buying low and selling High so No PM holding until there is flush out. No Miners at all. Buy gold at the Bottom then miners not the other way around

Reverse Repo are Not bullish in my view.

 

 

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Focusing on today. 

When in the course of human events, fucutures take a dump in the morning, what's so unusual about that. Most of us take a dump in the morning. Or, in the case of Europe, mid day.

The ES dropped to a support convergence. Now if the ES drops through that, then you'd be talkin! 

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At the moment I've got a 5 day cycle projection of 4444. They got close. But the hourly cycle indicators look as bearish as I've seen them since I don't remember, so maybe, just maybe, this could be the start of something good. 

Chart Picks – 25 Buy Signals and 41 Sell Signals Give Us These Picks

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Playing with numbers this morning. I added a couple of 1/8ths on each side of the 0/8 and 8/8 lines on the earlier 30M NQ chart to make a 12 note octave. From the 8/8 move (blue horizontal to blue horizontal) of Thursday's low to Friday's high, the market declined an exact 9/8 (112.5%), from where it started to bounce this morning. Good old Murrey Math, which is borrowed from Gann's angles course. 

It's almost as if markets aren't random. 🙂

 

Screen Shot 2021-08-16 at 9.41.03 AM.png

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EHT Wins in Historic Legal Case Against the FCC

Winning appeal filed after the FCC refuses to update their 24 year old wireless radiation limits. 

In Historic Decision, Federal Court Orders FCC to Explain Why It Ignored Scientific Evidence Showing Harm from Wireless Radiation 

 United States Court of Appeals for the District of Columbia Circuit judges in favor of environmental health groups and petitioners; finds FCC violated the Administrative Procedure Act and failed to respond to comments on environmental harm.

https://ehtrust.org/ehtlegalaction-againstfcconhealtheffectsofcellphones/

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Just signed my lease. 18th floor penthouse studio downtown near the river. Fabulous view. Great location. Gonna settle in till the end of the year, then on to France, I hope. 

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