Captain Ewave
Captain Ewave Articles
On our Daily USDX Chart we have shown our count for wave a, and we are now working on the assumption that it is complete at the 100.42 low. We should now be rallying in wave b, which has the following retracement levels:
Wave *c* of our very large wave .iv. bullish triangle ended at 1614.90 (XAU). From that low we continue to rally in wave *d*, which appears to be a simple 3 wave pattern, with all of wave ^a^ ending at the 1949.30 high.
Trading Recommendation: Go Long gold. Use puts as stops. Wave *c* of our very large wave .iv. bullish triangle ended at 1614.90 (XAU). From that low we continue to rally in wave *d*, which now appears to have become a double 3 wave rally,...
It looks like our ending diagonal triangle formation ended a failure high at 4748.83, and wave V is now complete at the high. Our “Armageddon Support Line” has broken and the SP500 looks to be heading into a multi-year bear market.
We have shown a possible very bullish alternate count for gold that is suggesting that we are still rallying in a subdividing wave ^iii^ where only wave $i$ ended at the 2077.90 high and we are now falling in wave $ii$, which has the...
Trading Recommendation: We continue to suggest buying all of the above gold stocks and indices, for a long-term hold.
After starting up strongly early in Fridays trading session the SP500 ending up giving back all of those early gains. In the overnight session the SP500 Futures are down about 21 points.
Despite Thursday’s “pullback”, “takedown”, or whatever analysts want to call it, the Captain’s view is that wave !iv! is complete at the 1279.50 low and that our wave !v! rally higher is now underway. As you can see on our “Daily Gold...
Trading Recommendation: Long gold. Use puts as stops. Active Positions: We are long, with puts as stops! Long silver. Use a put as a stop.
Short-Term Update: Within wave .iii. we are now working on our first impulsive sequence, as shown on our “Daily Gold Chart”. Within that first impulsive sequence we believe that we are working on a subdividing wave $iii$.
