SCI-SCV, SCA-SCC: Super Cycle
C1-C5, CA-CC :Cycle
P1-P5, PA-PC : Primary
[1]-[5], [A]-[C] : Major
1-5, A-C : Minor
(1)-(5), (a)-(c) : Minute
i-v, a-b : Minuette
Primary Count:
White/Green (Bull Market)
White/Red (Bear Market)
Alternate Count: Blue
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Posted by pugsma on January 8, 2014
10:15 am EST: GLD topped wave minor 1 of major [A]-PA-CB at 120.39. The minor 2 wave correction is underway in what looks like a flat. The typical minor 2 fib retrace targets are 50%=117.45 and 62% =116.73. Once minor 2 completes wave minor 3 up should get underway with a target of 127.02, where minor 3 = 1.62*minor 1.
GLD 60-min chart:
GLD 4-hr chart:
GLD weekly chart:
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