Tribute to Martin Armstrong

[scofield]

We're going for the highest daily, weekly, monthly and yearly close of the bull market :s9::grin10::woohoo::bulride:

[scofield]

I have a feeling this support need to break before the weak hands can be shaken off to prepare for the next up leg. It's probably going to be a fake-out. I'm sitting tight.

[the wave]

2.15 months from Dec 07 gets us to Feb 11.11. A 4.3 month is Apr 15 or 18 cause 16 is Sat. A 6.45 month is June 20. And 8.6 month cycle is Aug 25. Looks like alot cycles are lining up at the same time. One might want to spend the dry powder around these dates. Feb 08 to 11.
McClellan has discovered that there's a cycle low appears for gold roughly every 12.5 months. The cycle lows have run as follows: Jan 6, '06, Jan 8, '07, Jan 7, '08, Jan 5, '09, Jan. 4, '10, Dec. 31, '10. McClellan puts the next cycle bottom for gold at February 8, 2011. Which means that the cycle low for gold should arrive at any time between now and February 8, give or take a few weeks before or after that date.

Interestingly, the McClellan cycle bottom for gold is due to arrive amid a good deal of professional bearishness regarding gold ("gold overdue for a major correction"). Thus, many traders have traded out of their gold positions, just as we near the date for the McClellan cycle bottom.

http://goldismoney2.com/showthread.php?374-Axstones-notes-technical-and-fundamental-analysis-on-GOLD&p=141206#post141206 post number 3713

[scofield]

Looks like alot cycles are lining up at the same time. One might want to spend the dry powder around these dates. Feb 08 to 11.

I agree with you. Feb 08 might be a higher low than this week but it will mark the end of this correction, similar to the week of May 1, 2009.

p.s. We're getting our fake-out to the downside, just like Jul 2010.

[Zed]

Looks like alot cycles are lining up at the same time. One might want to spend the dry powder around these dates. Feb 08 to 11.

My T/A has been suggesting that the first week of Feb, toward or around the 7th will be the low.... so near enough for me to agree.

[the wave]

My T/A has been suggesting that the first week of Feb, toward or around the 7th will be the low.... so near enough for me to agree. Do you care to share your T/A with us ?

[Zed]

Do you care to share your T/A with us ?

Not really... I gave up posting it at GIM, it is not really the place for it. The date simply comes from a channel projection to a support level (129x ~ 1300), if the support level is wrong the date is wrong. If we get to the 1250 level the 9th to the 25th is more likely IMO with the odds being front loaded, say 9th - 15th.

[the wave]

Not really... I gave up posting it at GIM, it is not really the place for it. The date simply comes from a channel projection to a support level (129x ~ 1300), if the support level is wrong the date is wrong. If we get to the 1250 level the 9th to the 25th is more likely IMO with the odds being front loaded, say 9th - 15th. This is not T/A but will line up with the dates. Adding another 105 B to the bonfire.
The next release of the approximate purchase amount and tentative outright Treasury operation schedule will be at 2 p.m. on February 10, 2011. At that time, the Desk will also publish information on prices paid for securities included in the operations listed above.http://www.newyorkfed.org/markets/tot_operation_schedule.html

[scofield]

Weekly resistance at 1373 is key. Notice how similar this false break-down (which I still believe) is to the one in July 2010.
http://i814.photobucket.com/albums/zz65/xinkid/goldweekly02012011.png

[Silver Buck]

Weekly resistance at 1373 is key. Notice how similar this false break-down (which I still believe) is to the one in July 2010.
http://i814.photobucket.com/albums/zz65/xinkid/goldweekly02012011.png

At this point I no longer look at 'past trends' - I focus on rising commodities. I prefer PMs, but pick most any commodity and it will be hard to go wrong in the near future.

What I like about PMs is that I hold physical and can 'bury and forget'.

Anyone new to PMs simply need to buy on the dips (when London falls as NY opens for the second day in a row). It has worked well for me - for now...

I don't know when this 'bucking bronco ride' will end, but for now I am enjoying the ride.

[scofield]

So... was Feb 8 a low or a high? LOL... Or was it an acceleration point? Anyway, we need to test the primary channel top rail. Been waiting for this for a loooong time...

[scofield]

http://i814.photobucket.com/albums/zz65/xinkid/Goldweekly02182011.png

[the wave]

Hey Skipper(scofield) where you been ? Hope you did not fall overbroad? We be coming up on a turn date
2.15 months from Dec 07 gets us to Feb 11.11. A 4.3 month is Apr 15 or 18 cause 16 is Sat. A 6.45 month is June 20. And 8.6 month cycle is Aug 25.

[scofield]

Hey Skipper(scofield) where you been ? Hope you did not fall overbroad? We be coming up on a turn date

Hello wave! I've been living under a rock. Today I peak my head out and see this! It's not a confirmed phase transition until 2 monthly closes above primary channel, according to Mr. Armstrong. I believe this could be a head fake before the real break-out, just like in 2005 but I don't really care if it is or not. Either way, I'm going back under that rock for a few weeks or months, who knows... :p

http://i814.photobucket.com/albums/zz65/xinkid/goldweekly05022011.jpg

[answer2me]

Bump. Martin has a few new articles. With the June 13/14 date past was it a high or a low? The next 8.6 should be wild.

[scofield]

2011.45 was a LOW in gold. I have a good feeling, it's going to hold. All gold needs to do is take out that upper channel rail.
http://i814.photobucket.com/albums/zz65/xinkid/Goldweekly06152011.png

[lhslancers3270]

How could that possibly be a low? I hope you weren't waiting for that week to buy anything. As per his June 5th letter Armstrong remarked that the only market which could be at a turning point was the interest rate market.

[scofield]

A higher low is still a low. We will see what happens this summer. The monthly RSI is way too low for a major top. We got a lot higher to go.

[lhslancers3270]

A higher low is still a low. We will see what happens this summer. The monthly RSI is way too low for a major top. We got a lot higher to go.

Not a major top but go and reread the June 4th letter. Gold hasn't even had a retracement. 1575-1460 is not a correction.

[scofield]

I was wrong about the low but you know what this means...
http://i814.photobucket.com/albums/zz65/xinkid/goldweekly07132011.jpg

[Goldhedge]

I was wrong about the low but you know what this means...

$1600 is in the bag....