-->>ELLIOTT WAVE GOLD UPDATE VII
>Alf Field
>(...)
>Now that we appear to have reached the peak of major wave ONE at $725 we can make some guesses as to the peak of the big major Wave THREE which will follow once the current Wave TWO correction is completed. We now know that the $725 level is 2.83 times the $256 start of the bull market. We can project that the peak of Wave THREE will be at least 2.83 times the low point of this correction. As Wave THREE could be the strongest of the bull market, it is possible that the multiple could be higher, possibly 1.618 x 2.83 = 4.58.
>If the low of wave TWO turns out to be, say, $545, the recent intra-day low, the following would be the targets for the peak of wave THREE:
>$545 x 2.83 = $1,542.00
>$545 x 4.58 = $2,496.00
>The 2 largest corrections during Wave THREE should be of similar magnitude to the 16% corrections experienced in Wave ONE.
>Before we get carried away with the potential of Wave THREE we need to be sure that the major correction currently underway as Wave TWO is over. While the decline to date is adequate for the magnitude expected for this major wave, it is possible that the first down-leg is only the a-wave of an a-b-c (or possibly more complex) sequence. It is quite possible that the correction may absorb several more weeks or even several months.
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M.E. ist die erste Welle noch nicht fertig:

[img][/img]

Wobei man nicht weiss, ob es 1-2-3 ist, so wie in diesem Count eingezeichnet oder 1-2, 1-2... Sollte es jetzt unter hohen Schwankungen für längere seitwärts gehen, dann würde das für 1-2-3 sprechen.

Wäre die Welle 1 fertig, dann komme ich mittels logarithmischer Preisprojektion zu folgenden Zielen:
Welle 3: 2050$
Welle 5: 3050$ bzw. wenn die Welle 5 extensiert dann: 5800$

viele Grüsse

Pancho