That was a $50+ range for the last 24 hours. Wave 3 starts appropriately with a 10% drop.
Month: July 2015
GOLD again
Gold is either finishing a 5th wave in a diagonal, in which case it can still go two steps lower, or it already hit the orthodox low a little while ago and is now completing an irregular b-wave (in pink). We prefer the diagonal which would allow for a week or two before we hit bottom.
K, Kinross update
The usual then – 12 March, 2015 – and now charts;
Wave 4 took a little longer but otherwise it is tracking the prediction perfectly. The old all time low was at $1.86. Our guess is that it will not go much further. We are assuming that this is a 5th wave. However, it is possible that it is not and that we are looking instead at an irregular b wave. Either way, the next move should be a bounce to, at least, $4.50. The irregular b-wave could drop to about $1.80 if equality between the two legs occurs. It is a double, the choice is yours.
See also our previous blog on how the big picture looks. Here it is again updated. It is on semi-log scale and all three legs, A,B and C will be equal as vectors.
LNKD, Linkedin
This stock hasn’t been around that long, only about 4 years. From the lows it has managed to increase almost 5-fold with 50 to 100% swings just in the last year or so. Clearly the market has no idea what to make of it. Overnight the stock traded up $20 and then down $15 supposedly on the excellent numbers that were announced after the close. We suspect that the top was already in and that the stock will be leaving behind an “island”. Presently it is in a wave 2.
The company is touted by some as the next best thing since sliced bread. Personally I think it is one of the most annoying social media websites there is. Somehow they are able to determine who you have ever looked up anywhere on earth, and then invite you to become a friend without that person’s input or involvement. This is how some people you know to be anti-social and rather dim on top of that, end up with 400 friends and 20 different skill sets. It knows how to take advantage of people’s vanity and/or narcissistic personality disorders. It also allows those that are not your friends to pry into your life by rifling through your bio which you are free to embellish or fabricate if you wish to do so.