Bear Market almost ready to resume ....... March 12, 2019 posted at ET

NVP

Legendary member
36,733 1,871
For historians, a 1000 years from today if Earth is still around can get a load of Fibo at work in Gold 1H. Can Fibo turn out to be wrong? Do birds fly?

But this is the way I see it:

From the recent $1566 high we have a 3-wave move down marked as a-b-c. That completes Wave A down. Now dig this: wave c is exactly equal to wave a. i.e. c = a. Why is this such a big deal? Because in Wave Technology, equality is the most common occurrence, then comes 161.8% and the higher multiples all the way upto 423.6%.

But wait, historians, it gets better, way better.

See the big traingle that came after this move down? Triangle is shown as 5 legged, i.e. a-b-c-d-e. That therefore completes the larger Wave B. So now we have Wave A down from the top, then wave B sideways. What must follow is the killer wave aka Wave C down.

:whistle:
That's why I was concerned for new_trader and malaguti. These dopey cats don't got a clue what they are up against.

Historians, now have a look at the extreme right side of the chart for the markings in olive of Wave C down. To do this I took the grid as origin of drop (Sept. 5) down to Wave A low and then to sub-wave "e" which is the completion of wave B. The wave it gives me is the expectation for Wave C which as pointed out will most likely give equality, but it could go further to 161.8% or some other funky subdivision. this gives $1420 as a tentative target for gold as per wave relationships. I also have $1414 as yet anohter target by a different method.

Historians, now dig this: do you see the 2 small mini rallies that occurred yesterday and the one occurring today? They are off the 38.2% and 61.8% FIBO level of the very same Wave A-B-C grid.

Sheer f****** poetry to Fibo. Right or wrong overall I have already called a good portion of this move. If failure occurs in getting to equality, heck I will see it because Goldie would have to take out the 261.8% resistance and any future trendline I will draw.

The expertise of fibo is downright shocking!!!!!!!!!!!!!!! Bound to infuriate the core 30 T2W engine :whistle::whistle::whistle:

God, do I love it so!!!

Gold 1H

View attachment 269797
F - with usd generally pumping hot Bull this week a lot of pressure on that falling Gold price .....
 

fibo_trader

Senior member
2,219 44
Duke,

case study regarding how your expertise in trading forex can be used for the larger game = advising business people when their fortunes are about to change or go south. Case in point .........

 

fibo_trader

Senior member
2,219 44

If you have lunch at Rosa's restaurant tell me if you like it and also let her know that GBP is rallying against the Thai Baht as per my call and things might get easier for her - still monitoring it. See post #14

As you can see its a very unpretentious restaurant atmosphere, my kind of place. You can tell her, even if its not on the Menu, fibo asked you to order Khao soi Gai (a northern Chiangmai dish). Nail a Singha beer with it.
 

fibo_trader

Senior member
2,219 44
extract from post #11 in the same thread above, "GBP sucks"


But what about all those other Brits living as expats in sooooooo many countries? Crying tears of blood as GBP was crashing and crashing even against lowly currencies. I HAVE SEEN ............. it ain't pretty - so many had to leave their chosen Paradise as the GBP crashed their standard of living and forced them to return to Blighty which they had already forsaken and swore they would never go back to the Sh*tHouse

Examples? Cambodia, Vietnam, Laos, thailand, Malaysia .................... Orthello, USA could be added too. Hawaii meeting at Waikaloa beach of 350 Brits crying and sobbing was not a pretty sight. They was leaving, leaving, gone gone goodbye. Only fibo cried with them for he understood the agony - you can't leave Paradise, not when you've had a taste of it, the smell of it, it hurts like a mother

These boys wake up when GBP pokes its head above water and brings on a smile
 

fibo_trader

Senior member
2,219 44
See the last few posts on the USD-THB in the thread above, "GBP sucks" .................. I said that USD-THB would turn soon and then GBP-THB might get a boost because all currencies generally go together against the Baht - for the most part.

Stay boys, stay, stay with Fibo. GBP will turn soon and make you smile. don't give up now. :)


But here's the thing. People make stupid moves right at the near bottom of a BEAR Market. The Herd never sees the suffering ending. theyhave no clue that a MAJOR TURN is just around the corner. So they do what every HERD aka collective-thought group does - they extrapolate to infinity and therefore conclude that the pain will never end and they had better make their move back to Blighty NOW.

At the most inopportune time. Stay brothers, stay - BEAR is ending. I will use USD-THB as the proxy for my argument because it really does not matter much as the Thailand Baht operates unanimously more or less against western currencies. So if there is a turn coming in USD-THB there will be a similar turn in GBP-THB


Get a load of Fibo here. Bloody Hell, we be almost there. Right at the threshold of a gigantic turn. Had they stayed they would be thrilled to see that the next wave up (Wave 3) will move the exchange rate sooooooooo fast in their favor it would make their heads spin in sheer sybaritic splendor and :)pleasure.

Get a load of fibo's call in this chart - a bloody masterpiece if I may say so ............... :whistle::whistle::whistle::whistle::whistle:



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How can anybody give this up?

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View attachment 267383







see quote in detail
 

fibo_trader

Senior member
2,219 44
see post #17


Stay boys, stay, stay with Fibo. GBP will turn soon and make you smile. don't give up now. :) Daddy's almost home. Who is Daddy? Why of course he is the US dollar vs Thai Baht.

Daddy hit a low of 30.266 on 9/16/19. Then he gave me a mini wave 4 and is now going down in wave 5. FIBO expects Daddy to reverse on 30.144.

When it occurs I shall alert Americans in LOS (Land of Smiles) to start on holidays once again as the long drought is over. Ditto for the English cats but they of course don't have the stamina or wherewithal of the Americans and many have already returned to Blighty with their tails between their legs. Americans are hurting but they have staying power.


Duke,

get a load of your pal Fibo calling the bottom almost precisely on USD-THB 18 days before it occurred


See the 30.144 above? Now see the turn in the chart below. Hahahahahahahaha. Just another day at the office for Fibo. Same chart have not changed a thing, same grid.

USD-THB (Thai Baht)


269801
 

fibo_trader

Senior member
2,219 44
And take me disappearing thru' the smoke rings of my mind
Down the foggy ruins of time, far past the frozen leaves
The haunted frightened trees up to the windy beach
Far from the twisted reach of crazy sorrow
 

fibo_trader

Senior member
2,219 44
F - with usd generally pumping hot Bull this week a lot of pressure on that falling Gold price .....


This just in , NVP & Duke ..............................


Gold suffers its biggest weekly percentage decline in 2½ years



That's News & Media stuff but for us technicians and in particular WAVE TECHNOLOGY technicians its called a Wave-C decline. Such waves are merciless and relentless - this one fortunately for the sufferers is on the 1H timeframe. If on daily TF its extremely painful

Many are dying all over the place, Sheesh, all those big shot experts like Bill Bonner and Gerald Celente and gang - none saw the wave B triangle and so had no idea what was coming.

Like when I was in Phuket, Thailand in Dec 2004 having breakfast at a beach cafe reading the morning paper. Looked outside and the beach all of sudden stretched hundreds of meters out and the Europeans were gazing up at the sky with the stupid look of glee on their faces and chanting, "this is a new era" . ..................... I told the owner, "get the fck out now, Wave-C (aka tsunami) is on its way. The receding waters are akin to a triangle in TA we call 'em coiling or coilers - spring action.

Nobody listened to me. I got the fck out to my car and bolted straight up Kata Hill to the reggae restaurant at the top, woke 'em up and said, get me coffee, then come watch a major disaster with me.

2 waves came. The 2nd wave, as I found out later killed the entire cafe where I was having breakfast. The owner and his family and customers - all gone. Scandinavians by the hundreds perished. Later I found out that on one section there was a 35 meter tree water line marking - it means that the water just went over the whole region.

Bloody Hell. That's a C-wave. Hide and watch. A C-wave is precisely what is happening at Metro Bank stock prices lately for quite some time. R E L E N T L E S S
 

NVP

Legendary member
36,733 1,871
This just in , NVP & Duke ..............................


Gold suffers its biggest weekly percentage decline in 2½ years



That's News & Media stuff but for us technicians and in particular WAVE TECHNOLOGY technicians its called a Wave-C decline. Such waves are merciless and relentless - this one fortunately for the sufferers is on the 1H timeframe. If on daily TF its extremely painful

Many are dying all over the place, Sheesh, all those big shot experts like Bill Bonner and Gerald Celente and gang - none saw the wave B triangle and so had no idea what was coming.

Like when I was in Phuket, Thailand in Dec 2004 having breakfast at a beach cafe reading the morning paper. Looked outside and the beach all of sudden stretched hundreds of meters out and the Europeans were gazing up at the sky with the stupid look of glee on their faces and chanting, "this is a new era" . ..................... I told the owner, "get the fck out now, Wave-C (aka tsunami) is on its way. The receding waters are akin to a triangle in TA we call 'em coiling or coilers - spring action.

Nobody listened to me. I got the fck out to my car and bolted straight up Kata Hill to the reggae restaurant at the top, woke 'em up and said, get me coffee, then come watch a major disaster with me.

2 waves came. The 2nd wave, as I found out later killed the entire cafe where I was having breakfast. The owner and his family and customers - all gone. Scandinavians by the hundreds perished. Later I found out that on one section there was a 35 meter tree water line marking - it means that the water just went over the whole region.

Bloody Hell. That's a C-wave. Hide and watch. A C-wave is precisely what is happening at Metro Bank stock prices lately for quite some time. R E L E N T L E S S

Hey fibo

that is an amazing story .......so on the gold front are you suggesting that there will be a chance to come back into gold ?

N
 

fibo_trader

Senior member
2,219 44
Hey fibo

that is an amazing story .......so on the gold front are you suggesting that there will be a chance to come back into gold ?

N

Yes I am. I had explained to new_trader that my looooong-term (months and months) target for Gold is $700. I have since improved my skills and can add significant Wave Theory component to my expectation. So as of November 9, 2019 my updated target for Gold long-term is in the yellow rectangle shown in the monthly chart - it is bounded by 1033 at top and 689 at bottom.

Why the rectangle? Because in Wave Mechanics after a 5 wave move up, the market will come down into the area of the previous 4th wave of one lesser degree. Now most often it will go right to the end of the 4th wave which is $689 approx., but as you can see thus far in its drop from the high in year 2011 to has come to the top of the 4th wave, i.e. top of the rectangle



269817
 

fibo_trader

Senior member
2,219 44
Gold monthly chart continued:

the 200-month ema goes thru' $1034
the trendline goes thru' $830 at right edge
the rally from the the December 2015 low looks corrective to me due to the triangle in the middle. Therefore the dominant Trend is DOWN.
But what if the condition to go to the previous 4th is satisfied despite the slight not touching it? Then Gold could be delivering a Wave B up.

This is the reason I'm super cautious and therefore just trade it and not TREND-RIDE it. Trade trade trade it is the best advice to new_trader, not buy and hold.


269818
 

fibo_trader

Senior member
2,219 44
Gold monthly continued:

new_trader and malaguti have the same ailment - both follow the HERD. They see Gold permabulls like Bonner, Celente and others all swear that Gold will go to 10k or even 100k. Mostly they say this becaue they know that the USA is fck** for a variety of reasons ..... needs its drugs from the FED on a regular basis or else goes into a tailspin, increasingingly needs the Plunge Protection Team to save it, etc., etc., etc., Therefore in their estimation, Gold is a safe Haven.

But they all get awful mad at me when I remind them that in the severe CRASH of year 2008 when the entire world was brought to her knees and the financial system was on the verge of collapse, Gold should have gone to 200k as a safe Haven play but instead she got hammered by the dollar and Yen.

They don't like it when Fibo plugs them constantly like shooting ducks in a barrel. No sir, they don't. they cry to Trader333 to ban.

So these 2 cats follow the HERD and then fight with Fibo for calling them followers who don't got the balls to disagree and just look at PRICE.


269819
 

fibo_trader

Senior member
2,219 44
Oh and duke, I failed to mention that he has the #1 qualification reqd. in the Alpha Male realm - he has been banned before! this is a huge positive, not a negative. The Universe has ample proof of this.

Read quote first ...............

Contact the moderators and get a list of all traders who have been banned. Then choose from this list. THE PREMISE?: The Physical Universe rarely rewards the miss-goody-2-shoes types that plague forums.

Easy to implement.
 

fibo_trader

Senior member
2,219 44
Duke,

see posts on Gold today, then implement this in your trading asap. I have been meaning to tell you this for a while now but I kept forgetting ..................

when you see a 5 wave move, you know its going into an ABC correction. Wave A will high odds end in the zone of the previous 4th wave of one lesser degree.

Can you dig how much effect, time, stress this knowledge saves you? Yeah, dig it amigo, its a money maker of magnanimous proportion .......... see examples below ...........................


(1)
When Gold reversed the looooooooong bull market 2001 to August 2011, you should have watched the crap going on in the Media business channels like CNBC, Bloombers and co. all sorts of sh*t. They were saying first that Gold would reverse fast and continue the bull run, that at the most it would correct 10%, bla bla bla. This went on and on and on, all hocus-pocus from not only investors but experts too.

Not a single jackass seemed to notice how Goldie was honoring FIBO by dropping first to the 23.6% Fibo retracement level. Then having lunch with me for1.5 years at this same restaurant before continuing her journey down .......... but down to where? why of course to 38.2% and then on to 50%. Then came the recent rally that nobody saw coming except Fibo because the odds were so high = at 50% = yawn=most markets respond nicely to this level.

(2)
saved best for last ..................... you could have gone to the beach for 4 years and had a ball becaue you know-ed right after the reversal in August 2011 that Gold would have to go into the zone of the previous 4th. And she sure as sh*t did just that. She stopped just shy of that zone and gave us the current rally.
 

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