When the C wave has just started its fifth minor wave down, it sets up a buying point.
Observe that the first wave down was corrected by 61.8% before the third wave went down with a gap.
When a mini-five-wave down move reached the 50% projection of the prior ABC down move, bond yields recovered swiftly again.
FORBES: Elliott Wave Analysis Of The 10-Year US Treasury Note
The larger pattern we are following is a b-wave triangle, which likely has us now in the middle of the e-wave down to complete the triangle.
So, at this time, we will watch to see if 5 waves will complete the a-wave, or if we are in the b-wave, with a nice opportunity set up to short USO for a c-wave down to at least 32, with the potential to drop all the way down to 29.
Prechter cites a lack of demonstrable pessimism, valuations that remain high by historical standards and an incomplete wave pattern down from market highs.
However, when wave 4 comes down only by 23.6% of the 3rd wave, it warns us to look for a fairly large 5th wave, a so-called extended wave.
FORBES: Elliott Waves Show Wipeout Dead Ahead For British Pound
They certainly seem to be on the crest of another wave though resolutely down-to-earth about their own celebrity.
There's barely time to understand what's happening before a flash of silver whale's skin breaks the surface, dips beneath a wave and plunges down to the dark fathoms of the North Atlantic.
But according to his calculations, during storms such as Monday's, the wave power potential down the 124 miles (200km) length of the Western Isles could match the output of 120 Torness-sized nuclear power stations.
As in the pattern with the dollar, we are unsure if we have bottomed in the a-wave in 3 waves down, or have one more low to hit to complete the a-wave in 5 waves.
Less dramatic slowing of the wave causes the surf to spill back down the face of the wave instead of forming a tube.
As per Elliott Wave theory, the third step down is often related to the first wave.
FORBES: Elliott Wave Analysis Of The 10-Year US Treasury Note
The coal plant owners complied, mercury pollution dropped significantly, the lights stayed on, utility rates didn't go up, and there was no a wave of plants shutting down.
WHITEHOUSE: Energy and Environment Latest News | The White House
However, when we notice that a new five-wave pattern on the way up has surpassed the fourth wave on the way down, we recognize it as a powerful signal that the trend is changing.
FORBES: Elliott Waves Point To Apple Turnaround On The Charts
The surfer, standing in the tube, or just in front of the break, slides down the wave like a skier, while the wave, and the buoyancy of the surfboard, bear him upwards and forwards.
This new feature was meant to cut down on a wave of aggressive friend requesting that had swept Facebook lately.
How can these companies boost their chances of riding the Chinese wave rather than being dragged down by the undertow?
Ten years ago the only large yachts capable of such speeds were Whitbread round-the-world racers crewed by 12 burly sailors and even then only while surfing down a giant wave in a gale.
Tugging at your sleeve are the doom-saying likes of Meredith Whitney, Nouriel Roubini and Jeffrey Gundlach who loudly warn that this nag of an asset class, dragged down by a wave of local government defaults, will pull up lame.
FORBES: Loose Lips, Lots Of Hype Make Municipal Bonds Look Juicy
He saw a man being knocked down, by the wave in front of him.
Now comes the fourth wave, as computing costs ratchet down yet again.
For regular folks it seemed hand-to-mouth as usual, but soon I became aware of something new stirring: a tidal wave of foreign capital was bearing down on Haiti's shores.
WSJ: Ben Fountain on Haiti After the Earthquake | Traveler's Tale
It got so bad that, with Henman 4-0 down, the Mexican wave started - a sure sign that the crowd is either bored or satisfied that they know the end result.
This cool-down follows a heat wave that roasted much of the country for more than a week and contributed to dozens of heat-related deaths, including 18 in Maryland and 10 in Virginia, according to state officials.
That suggests a wave of star formation that travelled down the arms, set off by the collision with IC 4970, with the newest stellar neighbourhoods pushing the galaxy into the top spot in terms of size.
Cantering loosely down sand-covered roads sighting down a sine-wave of bonnet, lazy, dusty oppositelock applied at speeds rarely above a brisk trotting pace and the smell: scorched dirt, cooking tarmac, a whiff of hot oil, burning chrome and heat.
The cool-down follows a heat wave that roasted much of the country for more than a week and comes as the National Climatic Data Center reported the mainland United States has experienced the warmest 12 months since record-keeping began in 1895.
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