Technical View for July 31, 2012

On July 31, 2012, in Radio Show, by Ed Handley
 

6 Responses to “Technical View for July 31, 2012”

  1. David says:

    Hi Ed,

    Do you think natgas is in a 3rd wave or a C wave?

  2. How would you read read the wave pattern of gold (weekly) sine the top of 1923 around Aug 11

  3. Mike McQuaid says:

    Ed, consider SPX Super Cycle 4 flat Apr ’09. Cycle 1 Jan ’10. Cycle A flat June ’10. Cycle B May ’11.Cycle C (wave 2) Oct ’11. So this chart as 3 fractal strong b waves parented by the B wave ’02 to ’07. The 0-2 trendline on Supe Cycle 5 looks good, the long term rally continues.
    M.McQuaid, Oklahoma City.

  4. Ed says:

    David,

    Until 5 is printed must assume it is a C wave.

    Ed

  5. Ed says:

    Sekhar, My top count is e wave of a 4th wave.

    Ed

  6. Ed says:

    Mike, I’ll review my top long term count on Tuesday next week.

    Best, Ed