broughro

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Markets Allocation
72 % stocks 21 % forex 5 % indices 3 % other
Top Mentioned Symbols
SPY 38% | 15 GLD 28% | 11 USDEUR 12% | 5 EURUSD 7% | 3
broughro broughro TNX, D, Long ,
TNX: Next Stop 4%
31 0 1
TNX, D Long
Next Stop 4%

TNX appears to have ended its 3 wave decline. If 3 hits the common 1.618 multiple of 1 expect TNX at 4.23 before its next significant correction, which will end above 3.0, the top of wave 1 and then likely equal the ascent of 1 for wave 5... Long TNX, short bonds...

broughro broughro SPY, 240, Short ,
SPY: What do YOU think happens next?
106 1 3
SPY, 240 Short
What do YOU think happens next?

Notice that On Balance Volume has been NEGATIVE FOR OVER A YEAR during this year-long topping process and its been on a trend of decline since the trend line of the 2000 to 2007 tops was crossed. Has the mania ended? You tell me; what do YOU think happens next? I'm short...

broughro broughro GLD, 120,
GLD: GLD Continuation...one last pop before (B)?
35 0 1
GLD, 120
GLD Continuation...one last pop before (B)?

An impulse waive is commonly divided by the golden ratio at the bottom of the fourth wave leading to a more precise estimate for the end of (A) at 125...then be looking down to begin a slow overlapping corrective (B) wave before continuing the major upward correction to (C). The termination of (B) will inform the target for (C)...

broughro broughro SPY, 60, Short ,
SPY: 2000 or 2007 all over again?
80 0 2
SPY, 60 Short
2000 or 2007 all over again?

Notice that clearly corrective rally ending this double zig zag corrective wave 2 has terminated in duration very similar in time as the 2000 and 2007 failed corrective waves (I've copied and indicate the 2007 and 2000 channel paths as indicated). Are we beginning wave 3 down? It appears likely and the entire structure from the late August low at 1 is clearly an ...

broughro broughro USO, D, Long ,
USO: Ending Diagonal in Oil with a Weak 5th
49 0 1
USO, D Long
Ending Diagonal in Oil with a Weak 5th

Ending diagonals almost always reverse quickly with a deep retrenchment. Expect an overlapping upward correction to ~38, the previous (iv) over the next 8 months. Its been a long slow decent, so probably a quicker upper correction.

broughro broughro SPY, 60, Short ,
SPY: Super Short NOW - SPY continuation
72 0 1
SPY, 60 Short
Super Short NOW - SPY continuation

For those students of Elliot, this (W) (X) (Y) overlapping sideways move clearly represents a correction of 1 where (W) is an expanded flat followed by the ziz-zag (X) then the triple zig-zag (Y) where A = C and a circle = c circle at 203. Now, look all the way back to April where you can see that this current correction is ending in the immediate range of the ...

broughro broughro VXX, 240, Long ,
VXX: Long Volitility?
65 0 2
VXX, 240 Long
Long Volitility?

If this is becoming 3 circle of (3) then the next few days should be some of the most volatile in years. Long to 44 but cut your losses if it falls to 19. So you are risking 3.71 loss for a gain of 22.

broughro broughro GLD, D, Long ,
GLD: Gold - Continuation and extended forecast...
57 0 1
GLD, D Long
Gold - Continuation and extended forecast...

If (A) ends at a 78% retracement of the ending diagonal as forecast then expect (B) to retrace 50% of (A) at (iv) of iii circle before launching (C). It would be common for (C) to end where it equals (A) so if (B) ends at ~114 then (C) should take GLD to ~140. Be ready to flip BEARISH once (C) approaches 140...cash Gold 1,400 should prove round number resistance...

broughro broughro GLD, 120, Long ,
GLD: Long to 122 for (A), correct in (B), then (C) to 135..then crash
42 0 1
GLD, 120 Long
Long to 122 for (A), correct in (B), then (C) to 135..then crash

just updating my earlier forecast for the clear extending (iii) of iii circle. Should be mostly sideways until two minor pullbacks end around 112; likely in a triangle or extended flat due to alternation...then zoom to v circle before reversing in an overlapping (B) wave down for a couple months before resuming the ascent in (C) to 135 or $1,350 cash spot before ...

broughro broughro SPY, 120, Short ,
SPY: A Clear 3rd of a 3rd Elliot Wave Down is underway - continuation
113 0 2
SPY, 120 Short
A Clear 3rd of a 3rd Elliot Wave Down is underway - continuation

v of iii circle of 3 appears to have begun in today's afternoon reversal ending the relief rally. Since v would be equal to i at 183, short of iii's termination, expect v to extend to 1.618 of i and end around 178 before the next short term relief rally to circle iv. Main point is that the waves clearly indicate that the main trend has reversed. Also note that ...

broughro broughro GLD, 180, Long ,
GLD: Ending diagonal should now quickly retrace deeply ~78% to (A)
64 0 1
GLD, 180 Long
Ending diagonal should now quickly retrace deeply ~78% to (A)

First 5-3-5 is near completion and if it morphs into 5-3-5-3-5 than that will be Minor 1 of (A) of Primary B. This should be a quick ascent as its the initial correction of a large slow ending diagonal that started in May 2014. (A) likely ends near 125 before correction in (B) before continuing to (C) of Primary B around 135 (1,350 cash gold). This will take a ...

broughro broughro USDEUR, W, Short ,
USDEUR: Cluster of 4 Fibonacci Relationships to Mark TOP of USDEUR 2Circ
55 1 1
USDEUR, W Short
Cluster of 4 Fibonacci Relationships to Mark TOP of USDEUR 2Circ

Final minor 5th sub wave of 5 wave advance (C) of 2 Circle meets .618 retracement of 1 Circle at .9894 (C) equals 1.618 (A) of 2 Circle at 1.0094 5 of (C) equals 1.618 of 1 of (C) at 1.0038 Final minor 5th wave of 5 of (C) equals 1st minor wave of 5 of (C) at .9787 So, more refined top target of 2 Circle between .9787 and 1.0094 and then 3 Circle crashes to WELL ...

broughro broughro SPY, W, Short ,
SPY: Weekly of SPY
106 0 3
SPY, W Short
Weekly of SPY

Expanded flat where Fed ZIRP caused exaggerated pricing of (B)....look out below!!

broughro broughro USDEUR, W, Short ,
USDEUR: One More Push to circle 2 (C) 5 Correction Target @.96 to .99
25 0 1
USDEUR, W Short
One More Push to circle 2 (C) 5 Correction Target @.96 to .99

Primary correction ABC with B as a triangle indicates (C) is the final move before the trend change. Is the Fed going to the printing presses to drive heightened inflation leading to sub .6 target for primary circle 3? See analysis from 11 months ago...

broughro broughro GLD, D, Long ,
GLD: Long to 1350 correction top then "Watch Out Below"
121 0 2
GLD, D Long
Long to 1350 correction top then "Watch Out Below"

5 Wave Elliot wave down (Wave A of major correction 3-3-5) from peak ended in very long and slow ending diagonal (very rare). Expect a quick retracement in wave B (an ABC) to 135 GLD or 1,350 Gold spot. However, be very quick to reverse and go short as major wave C down ensues. Expect wave 3 to take GLD down to 50, where C will equal A.

broughro broughro SPY, 240, Short ,
SPY: SHORT to 160
145 0 2
SPY, 240 Short
SHORT to 160

Wave (2 ) appears to have ended in 3 wave A-B-C. If minor wave (3) is starting now then stay short to 160 where (3) will be 1.618 times wave (1).

broughro broughro SPY, 120, Short ,
SPY: And then there was 5...
55 2 1
SPY, 120 Short
And then there was 5...

Ending diagonal continues to resolve; tomorrow's decline will be 3 of 5 and should be a quick decline below 180 with 5 of 3 ending around 171.59 before next significant counter-trend rally...there will only be counter-trend rallies for the next couple of years while major wave C unfolds to below 60, or 600 SPX...

broughro broughro SPY, 60, Short ,
SPY: Detail of Ending Diagonal where (5) was an extension
73 2 1
SPY, 60 Short
Detail of Ending Diagonal where (5) was an extension

Ending diagonal resolving quickly to initiate onset of (C) bear market to ~600 SPX...

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