Gold formed a peak on Tuesday 6 September 2011, and is now trapped in a Gap Pause Zone between the 80-day and 20-week FLD’s. The question I would like to consider today is whether the peak on 6 September 2011 was a peak of the 54-month cycle (implying that this […]
Yearly Archives: 2011
In last week’s Outlook for the Euro/US Dollar forex pair I presented a preferred analysis which “required a few extra days” until the approaching 40-day (and synchronous 80-day trough). This week the Euro has resembled a tired fighter trying to get up off the mat, and it has failed. And […]
In last week’s ST Outlook for the S&P 500 I said: The question we now need to answer is: “Is the peak on Tuesday 20 September 2011 the peak of the 40-day cycle?” In other words, is that the highest price we will see in the current 40-day cycle? I explained […]
In last week’s Gold update I said: Because we are looking for the confirmation of such a very long cycle peak, I am going to watch with interest over the next two or three days and see how price interacts with that 80-day FLD. And I explained that the Gold price […]
Current 40-day cycle status: Due to turn up (34 days since last trough) The Euro/US Dollar forex pair continued to move down this week, and failed to cross any of the critical levels that would have confirmed the placement of the 40-day trough on 12 September. This extension to the […]
Current 40-day cycle status: FALLING, Day 2 of Wave Two, 10 days since cycle start. Well! “Brief and disappointing” turned out to be the understatement of the month (so far). That is how I forecast the move up in the S&P 500 two weeks ago, and reiterated last week when […]
In last week’s GOLD Outlook I wrote about looking for confirmation of the 4 & 1/2 year cycle peak: The orange line is the median price, which would need to cross below approximately the 1800 level to confirm the peak of the longer cycles. If price fails to fall below […]
Current 40-day cycle status: RISING, Day 5 of Wave One. The EURO/US Dollar forex pair continues to offer some fascinating analysis puzzles. In last week’s ST Outlook I discussed the probability that the forthcoming 40-day trough would be synchronous with an 18-month cycle trough. This week price formed the 40-day […]
Current 40-day cycle status: RISING, Day 3 of Wave One. In last week’s update I indicated that we were expecting a 40-day cycle trough, to be followed by a potentially “brief and disappointing” move upwards. The 40-day cycle trough has occurred, at 1134.50 on 12 September 2011, a perfect 34 […]
Waiting for Gold to form its peak! It has been taking its time in forming the peak discussed in last week’s update, which increases the chances that the shorter cycle analysis is not quite right, and we might need another 40-day cycle or two to play out before the peak […]