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Monday, August 15, 2011

today's silver rally no big deal

It looks like minuette wave ((iv)) down of minute wave ((c)) up, of minor wave 2 up ended up being a complex combination, and completed Friday morning around 6am.  If that is the case, this today's rally may have completed the final leg in the triangle.   While the upper boundary of the triangle was exceeded today, it was only by a small margin.  If silver turns down from here as I have been expecting, it will in hindsight be simply a "throw over" event.

Posted by Waverunner (FractalTrader) at 7:10 PM

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Notation


Wave DegreeMotiveCorrective
Grand Supercycle((I)) ((II)) ((III)) ((IV)) ((V))((a)) ((b)) ((c))
Supercycle(I) (II) (III) (IV) (V)(a) (b) (c)
CycleI II III IV Va b c
Primary((1)) ((2)) ((3)) ((4)) ((5))((A)) ((B)) ((C))
Intermediate(1) (2) (3) (4) (5)(A) (B) (C)
Minor1 2 3 4 5A B C
Minute((i)) ((ii)) ((iii)) ((iv)) ((v))((a)) ((b)) ((c))
Minuette(i) (ii) (iii) (iv) (v)(a) (b) (c)
Subminuettei ii iii iv va b c
Micro((1)) ((2)) ((3)) ((4)) ((5))((A)) ((B)) ((C))