Gary, it seems cycles now work again, after last yrs manipulation. You caught the early Jan run up to mid-March, and got out; then caught the next big run up in June, and got out. As you know on the June run, using just my TA-only eyes, I thought it was a big bear flag, so I flat out missed it. Your cycles came in right on cue, and you rode the wave higher. That really showed me that cycles work again. Well done!
Q: Can a cycle be counted compete without breaking it?
A: Here are the conditions for it to happen:
If there is an accelerated trend line, then the breach of the accelerated trend line would confirm the daily cycle decline. So it is possible to have a break of the acerbated trend line but not the daily cycle trend line.
If a swing low occurs below the accelerated trend line but above the daily cycle trend line then the conditions are there for this to happen. Then a break to new highs confirms that the swing low was the daily cycle low.
Gary, it seems cycles now work again, after last yrs manipulation. You caught the early Jan run up to mid-March, and got out; then caught the next big run up in June, and got out. As you know on the June run, using just my TA-only eyes, I thought it was a big bear flag, so I flat out missed it. Your cycles came in right on cue, and you rode the wave higher. That really showed me that cycles work again. Well done!
ReplyDeleteNow, 0 for 2, what to do next, I am thinking. ;-)
There will be another daily cycle low sometime in the next 5-10 days. That is your next entry.
ReplyDeleteQ: Can a cycle be counted compete without breaking it?
DeleteA: Here are the conditions for it to happen:
If there is an accelerated trend line, then the breach of the accelerated trend line would confirm the daily cycle decline. So it is possible to have a break of the acerbated trend line but not the daily cycle trend line.
If a swing low occurs below the accelerated trend line but above the daily cycle trend line then the conditions are there for this to happen. Then a break to new highs confirms that the swing low was the daily cycle low.
http://likesmoneycycletrading.wordpress.com/2014/06/30/dollar-reveals-its-hand/#comments
Gary,
ReplyDeleteClive has a very negative view here…. Thoughts?
http://www.clivemaund.com/gmu.php?art_id=68&date=2014-06-29
Obviously I disagree
ReplyDeleteWhoa! Spot gold down $9 in Europe ... looks like Gary nailed this one too - both getting out, and then waiting for the next cycle low.
ReplyDeleteHi Gary,
ReplyDeleteDoes momentum of GOLD to do anything with correction in equities?
thx