Loading ...Miners ready to find a Daily, Intermediate term, and Monthly low.
Thursday was day 43, placing the Miners deep in their timing band for a daily cycle low. The odds are good that a swing low and close above the 10 day MA will mark the DCL. The Miners formed a bullish reversal on Thursday, once again easing the parameters for forming a daily swing low and keeping the minor risk entry still in play. A bullish entry can be taken on a swing low, placing the stop below Thursday’s low of 24.92. A break above 25.89 will form a swing low. Then a close above the 10 day MA will signal the new daily cycle.
Right idea in the title, but I see no evidence presented at the weekly or monthly degree.
Just daily charts, and for me those are useless for timing a major bottom on their own, regardless of divergences as even on weeklies I often see bottoms only after 3-4 that span many months, at times.
July is month 16, placing gold deep in its timing band for a yearly cycle low.
This was week 29, placing gold in its timing band for an intermediate cycle low.
Thanks.
But I don’t see any justification given for those particular 16 and 29 period intervals.
How wide are the bands? What is their variance? 95% confidence interval?
And on the monthly, I get that the last low was 16 months ago. Is that where the count comes from?
But the next prior low was 30 months before that.
As for the 29 week interm. point, that’s 7 months ago and I can’t see why a cycle count would begin there.
Sorry … just trying to understand where you are coming from.
I’m assuming others would want that understanding also.