Gold Low

Below is a six month chart of the GLD etf. Gold appears to have completed an ABC low from the February top. The point C low is a 50% retracement of the move up from November. This can be traded using GLD or DGP etf's for a move up toward the February top from here.


Stocks

US stocks look like they may be making a top by mid April.

Long Term Counts

Welcome to my blog. Below is my long term elliott wave count on the Dow Jones Industrial Average. The first one is my primary count and the second one is my alternate count.



This is my primary count. It may imply a multi-year or multi-decade bull market from point C. Point C is the low made on March 6, 2009.



This is my altenate count. It implies a new low below point A after a B wave retracement of wave A. This lower low would probably occur in 2010 or maybe 2011.