The Gold continuous daily chart closed right at TL resistance at 1006. It has not really broken out yet as we would first need to clear the 3/17/08 ATH at1017.50 Resistance, but the daily, weekly and monthly trends remains up. We then have LTmonthly resistance at 1028 and channel resistance at 1075-85. We closed ... Read More
Tag: Timeandcycles
13
Sep2009
LAST WEEK'S REVIEW
- CIT wise the momentum was up and it proved accurate
- Price projection wise the expectation was to reach 1054.5 and the actual was 1048.18
PREFERRED SCENARIO
- Generally speaking a tepid week with an upward bias. Remember once again those bearish on markets were fried for the ESU9 contract ... Read More
September 13, 2009chanakya
09
Sep2009
Talk is now circulating in financial quarters of a new “mini-bubble” in the making. Apparently the unbounded rise in the stock market is reviving fears of another collapse like the one suffered last year.
Another reason that the “hated rally” has sparked fears is that we’re about a year removed from ... Read More
September 9, 2009chanakya
02
Sep2009
This is from the T&C Live Chat Room on 8/27/09 at 2:47PM EST when Gold was on the 945-950 bar.
"
chanakya wrote:14:47:11 ‹chanakya› don't track gold that much but...it is about to break out to the upside from a year long wedge. measuring (not exact) close to $175, add to 950-960 ... Read More
September 2, 2009chanakya
30
Aug2009
1039 is a valid target for the TOP and that we must hold 1016 for the 1053, 1063, and 1077 targets to be possible this week. Despite the rally this week, the blue Tick line is dropping suggesting that the Full Moon of Sept 4th will be a low.
Back in 2003, ... Read More
August 30, 2009chanakya
30
Aug2009
Based on the EWT count below, I am viewing 8/31-9/4 down series as an important tell for market direction as the July 12th wave seems to have ended on Friday, 8/28/09 or will end at market open on Monday, 8/31/09.
Preferred View
- 8/27-28 was a perfect hit low, into new highs ... Read More
August 30, 2009chanakya
22
Aug2009
Here we are again approaching another 10-year cycle peak. The last such peak was in 1999 while the most recent 10-year cycle bottom was in 2004. We wrote extensively on both episodes at the time and the 10-year cycle is one of our favorites. It’s what ... Read More
August 22, 2009chanakya
22
Aug2009
Given the relative weakness in the blue chips, we might see them play catch-up to the broad market and continue higher into a Halloween turning point. This is the alternative scenario (an alternative to a 9th September high).
Under this scenario, we would see a peak above 10,000 on the Dow in ... Read More
August 22, 2009chanakya
14
Aug2009
We seem to be completing 4 Callipic round trips (4 * 19 days, 1 Callipic = 4 * 19 or 4 Metonics), that roughly traces back to the original 2008 crash point - an obvious retrace should follow. Did this as a validation for what I was seeing in Smartp ... Read More
August 14, 2009chanakya
12
Aug2009
I am on vacation, but thought this was important enough to post now.
The MC was expecting a higher Low on 8/11 with the 8/6 Low, we got that, although it was more like a retest Low.
Today and tomorrow, 8/12 and 8/13 are expected to be solid days UP. 8/13 is ... Read More
August 12, 2009chanakya