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Surf posted this for Spock members.
I am sharing it here to show you what cycles are all about.
The last two weeks, I have been telling my members to wait for the Trading cycle low (TCL). Late last week, I thought I was the fool and that the train had left the station. Well we are getting a Trading or Daily Cycle low. We plan to buy that low but have not just yet. (several personal stink bids got hit today).
I actually think a TCL/DCL might occur this week but it could slip into next. The bottom line, however, is that I am bullish here as we are only in month two of Gold’s longer 5-6 month Intermediate Cycle. Near term, my first chart on Trading Cycle #2 show it topped on day 22. That means we should not have enough “Time” to move much lower based on cycle norms.
You see, “Cycles” bring into play the element of Time into trading that most other TA misses. Cycle Time, Price Channels, and Fibonacci’s wonderful math all come together in my work. They were all pointing to a cycle low this week. Again, late last week even I was beginning to doubt my own work
I have a GDX major sell signal this week.
Over the last 18months, this signal is good for a minimum of 1-4 months of declines.
Sam remains bullish, calling this an E wave in our extended triangle.
After which a major bullish move ensues.
One of us is wrong here.