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Monday, April 19, 2010


I've been expecting a stock market correction for a few weeks now. It may or may not have begun on Friday. We will need to see some follow through this week before we can say for sure. At some point I expect a big whoosh down. It's how these extreme momentum moves often end.

Gold also appears to be moving into a cycle low. When that big whoosh comes we should know whether gold is still in an A-wave or whether the B-wave has begun. There is even a possibility (although remote) that gold could still be consolidating before another leg up in the C-wave. That scenario is dependant on what the dollar does.

More in the weekend report.

Gold's four wave structure:


  1. Don't you realize that your chart is too old? got gold bullions? or just .....Paper? C'mon....be " Smart bullions not just paper.."

  2. I just wanted to show the 4 wave structure. I used updated charts in the weekend report

  3. I think I'm beginning to hear a "whooshing" sound.

  4. That's the sound of the boys at Goldman flushing all the evidence down the toilet...

  5. "That's the sound of the boys at Goldman flushing all the evidence down the toilet..."-Marc

    LMAO! $3.5 billion in bonuses at the same time accused of fraud.

    Fraud=bonuses for the banksters. Ron Paul in 2012!

  6. Gold is for girls.

    Sell it to them.

  7. Gary
    It seems when you know which wave it is-then you've already missed the best of the move anyway-unless you are trading very long term.
    What benefit is wave theory-except in hindsight.
    Think the 'whooshing'sounds have more potential.!!

  8. Today was not enough to be considered a daily cycle low if it breaks to new highs. Was it?

  9. I think most of us are going to find that the only way to make real money is buy holding through a complete C-wave. Trying to trade anything else you are just asking to whittle away at your profits.

    I wasn't kidding when I said in the article that the only way to lose money in a secular bull market is by trading. Do you really want to get tangeled up in the one strategy that can produce losses?

    The only reason I'm at all concerned with what wave it is is because if I think we are heading into a B-wave decline then I want to be buying long term holdings for the next C-wave.

    If I think this is an A-wave then I want to think about taking profits on any positions in the green at some point.

    That's about the extent of how much I care what wave gold is in.

  10. QS,
    I'm going to go over the implications of todays reversal in tonight's report.

  11. Mini crash coming:


    This end of this sell off will probably provide a good opportunity to get back into PMs.

  12. In tonight's report Gary will reveal that he doesn't know what will happen in the markets tomorrow, next week, next month, or next year.

  13. LOL I got news for you no one does. The markets are just probabilities. That's the best anyone can do until someone invents a working crystal ball.

  14. Come on! If Gary knew, he'd be the richest man in the world. So you're telling me you do?


  15. That is HILARIOUS: it could be an A, B or C. Why for good measure, why not throw in a D, Eor F?!!!

  16. Wouldn't it end up being easier to just hold for the entire secular bull, being that trying to exit A waves, and buy back into B declines proves so difficult. Not only would we catch the whole move, but also have more free time!

    I think greed induces us to time the markets, myself included.

  17. Probably right and I certainly wouldn't exit all of my positions at an A-wave top.

  18. Nasdaq up, AAPL down. Is the leader leading?


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