Sunday, May 12, 2013

Wave 5 of 5 Fractal?

Dow Futures


The Dow was founded 131 years ago, in 1882.

It has been 123 trading days so far (as of Friday, May 10) from the November 16, 2012 low.


Numbers 14
34 After the number of the days in which ye searched the land, even forty days, each day for a year, shall ye bear your iniquities, even forty years, and ye shall know my breach of promise.

Ezekiel 4
For I have laid upon thee the years of their iniquity, according to the number of the days, three hundred and ninety days: so shalt thou bear the iniquity of the house of Israel.
And when thou hast accomplished them, lie again on thy right side, and thou shalt bear the iniquity of the house of Judah forty days: I have appointed thee each day for a year.


The Day-Year Principle

5/16/2013 Addendum

Dollar, 1 Hour Bars
Dollar, 1 Day Bars

 

Gold, 1 Hour Bars
Gold, 1 Day Bars

108 comments:

  1. interesting view :)
    sl

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  2. You do realize the insanity of comparing a recent 550 point dip in DJIA when it was trading around an interim high of 13350 (about -4%) measured over a short duration of just two weeks, compared to the 1929 DJIA high around 380(?) and its 335 point collapse over 3 years (nearly -90%)?!!

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    1. It's the shape that's important.

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  3. have been on a quest to further enhance my trend trading system...have come up with a radically different approach...back tested the system going back many years...no more whipsaws or the need to spend the day in front of the computer...since the October 2007 top, the system has generated 24 change in trend signals for the SPX...as of the market close today, the trend remains up...however, we are closing in on another signal...good luck with your trading...

    http://tinyurl.com/calxyc7

    rotrot

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    1. Thanks rotrot , looked it , its stockcharts wich I have too , could post the indicators

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    2. this is not another top call...however, the trend trading system for SPX, INDU, NDX, and RUT cause me to believe that the market continues to close in on a change in trend...topping action (distribution) can continue for some time before a sell off takes hold...good luck with your trading...

      rotrot

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  4. The Commitment of Traders Report has funds selling and commercials buying (2 weeks) so the change in trend is not far away. I have been using Jeanne Long's, "Universal Clock" to confirm a top. Using squares I get 1635, which is where we are. On the clock using 21 May I get 1643. This is interesting as we have an alignment of the north node and Uranus coupled with mercury on the opposite side of the clock on this day. In addition, the sun is 1 day advanced at 60, as is Saturn.

    We also have the Uranus - pluto square.

    Cheers.

    Chris

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  5. Rotrot - looks great !!

    Is it possible for you to post a chart going back further? Just curious :) Or if you want you can email me lordcorp@yahoo.com

    Chris

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  6. Sorry, should have said Saturn is on the opposite side of the clock at 71, but still 1 day advanced from the alignment.

    Chris

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  7. Just my opinion but most often I think simplicity is preferable to complicated formula and by saying this, my intent is not to mock nor to ridicule anyone for their ideas and analysis, for some much more complcaired approaches definitely have their merits, however for simplicity sake one need go no further than the Aussie gold index when trying to determine the immediate path.
    ASX:XGD is within sight of breaking under the two consolidation that has been this "dead cat bounce" in the gold stocks. You can bet you bottom dollar that GDX is going to follow.

    As for my AUD short?.........it's going to be a long way down :)

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    Replies
    1. you must the bestest

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    2. I like simple too BJ. Thanks!

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    3. The A^ xjo made an interesting move on the 15 /05 /13

      end of day trade could be covering longs ?
      ricksbizz

      Hi gman and the gang

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  8. Fear has ruled many people since 2008/ march 2009 and people who went long are laughing. Its very simple fear and greed. While, I delve into time cycles, financial astrology, domed house, time windows etc. if you can be a chartist its the best thing....like painting a Picasso masterpiece.

    The crash will start late June / early July ( ES at 1756 area ) will reverse in September with a explosive runaway move up to past 1756 to 2200/2300 area. We are going to 3200-3600 area by 2016 so we have to move up fast. YM, NQ, TF all the same.

    Remember, Buffet is a billionaire with a simple truths...buy low sell high, " Be greedy when people are fearful and fearful when people are greedy."

    The whole world will boom in due course...before a one world gov't sets in when the bust the world....but that is a long way off. Do you know the next hongkong??

    If there is one piece of advice I can give you on knowing where "everyhting financial and commodities " is going is all based on symbolism and numbers. Oh yes, Lucifer controls all on earth through his minions while Satan got stuck up in Mars ( why you think they going to Mars...red planet ).

    Remember " all is known into the future" for " there is nothing new under the sun. What is once will be again."

    " Seek and Ye shall find."

    " Synagogue of Satan."

    Your father was of the devil and ye are of the devil.

    You must know who the devil is to know where the markets are going...be it financial and commodities. The devil respects you for finding him out for the rule of the game is he can't touch or hurt you..for lcuifer won on earth...but God is the final ruler as God make good and evil.

    And this has nothing to do with religion....as i don't go to Church...but there was a Moses,Jesus, there was a Mohammed, Anunaki, nephlim, horus, reptilian, snake, adam and eve, gog and magog, Japheth, Baal, 13th tribe, etc.

    Here is a free one prediction: Brazil and BRIC countries to crash 2016 onwards big time. Canada will crash big time 2016 onwards. I know the future...do you want to??

    Number of the devil = 9 for it keeps repeating. 9 + 9 = 18= 1+8 = 9; 9 x 9 = 81 1+9. 9 x 4 = 36 3+9 etc.

    I know who the devil is, I know there is a god. Devil has to respect you as you find him out and the game. God's angels make sure...how I know...because I live it.

    " You will all be fooled." " Seek and Ye shall find" " Fear NOT...for I am here."

    Blessings

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    1. Wow! Interesting - thanks!

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    2. Thank you. Please continue to keep this forum posted with your compelling insights and market forecasts!

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    3. https://docs.google.com/file/d/0BwXQGeKSOmgpYnRMd2ZidHkyOUk/preview?pli=1

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    4. http://tinyurl.com/d3ojwp3

      "...my view on the market is...will keep rising, until the mid of August 2013...then after an all-time-high is created in mid-August 2013...bad news will start to surface on the market...the bad news, however...will not affect the market much at first...only after 2014, the plunge will pick up speed...target of 4,000 on DJI...plunge shall end on December 31st 2016...DJI will rise again from 1st January 2017 onward..."

      Khit Wong - August 5, 2012

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    5. "I was looking at the weekly chart, when I saw and wrote about the drop of the stock markets. Therefore number 34 (or 36) and 45 meant weekly bars, i.e., the drop shall, at least, last for that many weeks. I see another number of 56.60 weeks. Thus, whenever the stock market starts to decline, I shall start counting the weeks and look for the price target of $580.

      When to expect the end of the stock market current rally?. As I said in my previous post, certain price cycle targets have not been met, although, time cycles are over-due for the decline. Mathematical and geometrical patterns called for the price targets of 1,662-1,668, which has not achieved. therefore markets may continue to edge higher, though on the borrowed time...

      There are many time cycles converging during the time frame of 2nd to 3rd week of May (May 14-21). Thus this juncture of time (especially around the time of May 20-21) will be crucial to watch. Why, because Markets are running on fumes, there is no gas left in the tank. Time Cycles are over due for a serious decline, more time passes by, severity of the market drop shall be enhanced/increased. If the SPX price reaches around 1662-1668 by said dates, price/time cycle squaring shall occur and then, all bulls better get out of the way."

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  9. And platy you've made some ood calls. Not sure what you are doing but I'm likely buying this next low in the gold stocks?
    Looks like we are about to get the final sell-off into end of May.

    Cheers

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    1. 1420 was pretty important support, now broken. Today is a minor turn date so it could catch some support. I'm very curious what will happen on the 28th. If it gets to 1285 I'll buy. Until then just watching.

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  10. Platy, the one thing that is clouding the picture for me at present is the USD. It is currently breaking overhead congestion one and a very long term downtrend line.
    The minmum target initially is 89 but it could go much much highet.
    I know Martin Armstrong is calling for dollar all-time highs into 2015/16 and of course Jay is looking for dollar strength as well, especially if I have it correctly after September following a rebound in gold into that time frame from early June.

    If the USD gets to 89 in short order it clarify a few things for me as I would then expect some kind of pullback in the ollar to coincide with a surge in gold

    Cheers

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  11. Just to add, there is of course the possibility they move directly

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    1. Yeah the dollar's usual anti-correlation with stocks and metals hasn't been working well lately. Outside money is flowing into U.S. assets (dollar and stocks), and the metals will probably not benefit until some crisis arises.

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    2. It is indeed difficult to predict what the effect of the dollar on US stocks. During the last major move in the early eighties, US stocks went up in tandem with the US dollar but commodities got killed. Unfortunately, since floating exchange rates have been around only since 1971, we don't have sufficient history to predict secular relationships between currency movements and other asset classes.

      Regarding other asset classes besides currencies, we are still in a secular deflationary cycle that will run at least through the end of this decade. I expect that bonds will continue to do best followed by gold and equities will do the worst. Note, I am talking about secular long-term trends which means you should be comparing performance of the asset classes since 1998/1999 which is roughly when the broad stock market peaked and gold and silver took off.

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    3. This is an excerpt from a posting I made late Jan 2013 on an investment forum:

      http://www.stockhouse.com/bullboards/messagedetail.aspx?s=TMM&t=LIST&m=32081737&l=0&pd=0&r=0

      "The USD has been dropping steadily for the last decade since start of 2002 and actual bottom occurred in 2008 but did not technically confirm stopping the brutal downtrend until later in 2011. 2012 did not have a lower low for USD. If you look at a very long term chart like 40 years you will find that within the historical declining value of the USD there has been two major rallies that took place starting in years 1980 and 1995 that lasted for 5 years and 7 years respectively. 2011 is 16 years from the start of the last major USD rally and consistent with the periodic timeframe of 15 years, especially since it technically bottomed in 2011. It is not inconceivable to get a massive move of +50% from the 2011 bottom leading up to late 2015.

      Why would anyone care about the above? Because those past two significant USD cycles coincides with extremely weak gold price performance. During 1980 to 1985 gold moved from around $800 to about $300! And from 1995 to 2002 gold moved from around $400 to high $200's! The gold price at 1980 and 1995 both could be considered interim peaks around that time. Guess what happened in 2011 when the USD finally confirmed its technical bottom? Yes, gold had formed an interim peak in the low $1800's.

      So if this all plays out according to historical script we are in the early beginnings of a massive rally in the USD and gold will have no choice but to suffer in the near term. If that is the case then what we have been witnessing is possibly the long term macro investors making strategic adjustments to their portfolio to take advantage of this trend and that is enough to create huge ripples since this investment group do not normally make too many big transactions with short timeframes."

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    4. Thank you for your superb analysis covering the Gold market. It is noted that your recent forecast for Gold is developing as projected. It seems that your forecasted top of 1666 for the S&P500 is possibly coming in early! I have great confidence in your analysis, and look forward to receiving your postings on an ongoing basis. With grateful thanks.

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    5. anon, if gold/silver reverses sharply this Fri May 17 assuming we linger slightly lower on Thur, then I will be shocked that it actually plays out like I had scripted because that movie would be nearly entirely unpredictable to the majority. I would not be surprised if it did play out like that due to the psychology and general playbook that many are currently in. A big majority suddenly get trapped with huge short positions expecting that next big downleg continuation breakout and find themselves frantically having to cover due to being squeezed unexpectedly.

      SPY had 166.46 high today and that still contains three 6's, although I also would not be surprised if it made an incremental high tomorrow for a true 166.66 hit. Yes, this comes at least two days earlier than initially expected but given the recent surge yesterday it was going to hit today. Beast cycle next week does not necessarily mean the high has to occur at that time, only that the general market strength should begin to weaken and at the very least consolidate instead of surging to new highs on almost a daily basis.

      If S&P500 somehow breaks out to 1700+ during this next week then I will really have to reassess what is actually going on here. That, and sit on a significantly lighter wallet too!

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    6. Thank you for this posting....much appreciated.

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    7. Awakening888, you're assuming history will repeat itself exactly? I think with QE around the world, we're in uncharted territory. I cant say for sure how gold or USD will perform. But I do keep an eye on dow/gold ratio which I think would be more interesting to see when gold's bear market is over.

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    8. Just some further observations of mine bordering on my bizarre theory. Yesterday SPY daily high 166.46, today the intraday high (if it holds up) is 166.36, so what will tomorrow (Fri) bring ... maybe 166.26?!!! That could be intentional coding of 666 spanning three consecutive days just prior to the Beast Cycle hitting next week, rather than pinning a blatantly obvious number such as 166.67 like they did back in Mar 2009. Let's observe and watch with interest in these interesting times to come!

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  12. US monetary policy is now aiming for higher USD after printing so much money. wouldn't it be nice to have so much money now to buy assets overseas with strong dollar? Its about time cos QE is about to end so strong dollar policy makes sense

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  13. Nothing moves in a straight line. I could see the US Dollar rallying to about 88-90 by September or October this year before it starts to form the right shoulder of a massive reverse head-and-shoulders pattern (see chart. The peak in the dollar might mark the end of the bear market in gold. When the deep pullback in the dollar occurs, we could see a big run in gold. Of course, all this is pure conjecture.

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    1. Jay, i agree on the target for the dollar bit I think it gets there within a few weeks not months once it breaks clear.
      I think gold runs up into September as it did 2011/12 once the dollar hits target in June.

      Cheers

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  14. Jay, I wish to acknowledge all your contributions to this forum. With grateful thanks.

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  15. It's looking like the May 17 golden triangle may give us a low for gold and silver. I'm still looking for support at ~$21.40 silver/$1285 gold, at least temporarily (if they get that low).

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    1. Flash crash in silver tonight, all the way down to 20ish, while other PMs are only a little down. Do you think this might be a short term bottom with the turn date, or are we looking at a new bear leg?

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    2. If the low (1336.3) holds I think gold will bounce to ~1390.

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  16. Platy, Regarding the Day-Year principle, I am a firm believer in the related concept of Solar Arc Directions and find it to be incredibly accurate in astrological predictions as applied to humans. I have been less successful applying the principle to mundane events. Noel Tyl has written a wonderful book "Solar Arcs: Astrology's Most Successful Predictive System" on the topic and the great German astrologer Reinhold Ebertin wrote extensively about solar arcs.

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  17. Hi Platy, would oil follow the metals up, or are the planets that rule oil totally different than the metals? Thanks for sharing all your great work!

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    Replies
    1. I've tried to do oil before and it worked for a while, but then it stopped working so I stopped looking at it. The harmonics I was using were similar to the Nasdaq. Maybe some day I'll try to figure it out again.

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  18. just my 2 cents .........Jay's chart is accurate and will hold true ...the south node planetary line stands at 1666.66
    A few astro aspects to be mindful of is uranus square pluto may 21. full moon may 25...may 26 sun square neptune may 27 mercury conjunct jupiter and may 29 venus conjunct jupiter. venus ans jupiter symbolises an abundance of optimisim and often occurs near a topping process ...going over jay's chart and overlaying all astro aspects a hundred million thankyous wont suffice for his outstanding job ....Thanks Jay and Platy keep up the good work ...As above so below ........Gannman

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    1. Thanks Gannman...respect your input.

      rotrot

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    2. Thanks a lot GM -- a lot of important aspects occurring around this time. I've always liked your work.

      Delete
  19. Not Astro based, but targeting May 22, there is also a possible target of 27th - https://dl.dropboxusercontent.com/u/31723500/T%201%20May%202013.jpg

    I also have a weekly chart hitting next week.

    Also fits well with this - https://dl.dropboxusercontent.com/u/31723500/SPX%20Longer%20poss%209%20May%202013.jpg

    Sorry for the charts not being updated (short on time this morning), but you get the idea.

    Chris



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    1. Chris these charts are great - thanks a lot!

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  20. Hi Platy, I' new here and would like to ask you a simple question : when do you personally expect the next sp important top, around what level I mean and on what day (more or less). A silly question now........are you female ? I ask that because so far I' ve only had to do with male traders in internet and it would be the first time I meet a woman involved with trading. Just a curiosity

    a.g.

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    Replies
    1. Hi A.G., please see this post:
      http://planetforecaster.blogspot.com/2013/04/mayday.html

      Basically, there is a very important cycle approaching, Cowan's Beast cycle. I gave my best estimate for when I think the cycle will arrive in the post above but my date may not be accurate. Cowan gives several potential dates in his book.

      In that post I was speculating that the Beast cycle would give the 3rd of 3 peaks. However, since that time we have continued to go up, so now it looks like it will be the 1st peak instead. (There may or may not be 3 peaks, but typically that is how these tops have been forming.)

      I'm not good with price targets, sorry. Yes I am female.

      Delete
  21. I agree with the S&P topping out at 1666-16670. In my above post I calculated 1643, which is now clearly wrong. However, 1666 is located on the next circle of the Universal Clock. On the 21 May, the sun will be at 59. 60 is right on 180 (cardinal?). If you look at the 0 and 180 historically, prices (as is 1669)react at these points. I recommend you read Jeanne Long's book "Universal Clock". It has proven itself to consistently work.

    And let's not forget Uranus squares Jupiter on Aug. 21, which is bearish.

    Aside from that I note that Chiron (15 degrees) works well at predicting turning points for gold. I need further analysis and will give some potential dates later. Chiron did give 5/6/2013. The next is 6/22/2013, whatever that will turn out to be.

    Cheers Chris

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    Replies
    1. Another book for my reading list - thanks! Great inputs!

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    2. free PDF download...

      Universal clock: Forecasting time and price in the footsteps of W.D. Gann
      by Jeanne Long

      http://bookos.org/book/792165/d7144c

      rotrot

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    3. Chris, Thank you for this post. I am enquiring whether you would be in agreement to providing ongoing predictions for GOLD, based on your potential turning points. I am sure the followers of this blog would be just as supportive of my suggestion! Many thanks.

      Delete
  22. Thank you Platy for this site and thank you to all who contribute. I have never used this site to trade (yet).
    Coming here and listening to you all, your thoughts ideas feelings makes me feel at home.
    PS still learning
    Ricksbizz

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    Replies
    1. Welcome Ricksbizz! We are still learning here too. I don't recommend using this information alone for trading of course. It is just a piece of the puzzle and works best when used in conjunction with other indicators.

      Delete
  23. Further to my above, I have just come across some more trivia, again using the Universal Circle of 24. I looked at venus opposite pluto aspects (H). the next occurs on 25 May, the day after? the lunar eclipse.

    In mid june 2011 the S&P high was 1271. The next venus opposite pluto was in the end of February 2012: H 1342. 24x3=72. 1271 + 72=1343.

    The next venus opposite pluto was on 10/11/2012: H1422, L1409. 1342 + 72=1414.

    On 25/5/2013 240 (24x10) from the high of 10/11/2012 gives 1662.

    Chris

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    Replies
    1. Very interesting and I agree there is some merit that is simply not coincidence. However, the logical question that begs to be asked is, using your examples and forecasting formula as outlined above, the price will continue rising to infinity which is obviously not the case and so how does one calculate LOWER prices in declining market cycles on future planetary alignment dates???

      Delete
  24. Hi Awakening888.

    I would use two things. Firstly, you should refer to the cardinal points of both the square of 9 and the circle. And follow up with squares off the high. For that I refer you to Carl Futia's excellent special report called "The Cyclic Forecast, The Principle of Squares". It is available at:

    http://worldwide-invest.org/threads/4490-1982-2009-Carl-Futia-eBooks-Trading?highlight=carl+futia

    Once the first low has been set could you could then use Fibonacci extensions.

    And incorporate the Ichimoku Indicator, which is about as close to the holy grail of indicators you can get. It is only support and resistance. For a paper on how it works go to:

    http://www.kumotrader.com/ichimoku_wiki/index.php?title=Main_Page

    Chris

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  25. The Japanese Yen/USD is at an interesting juncture (see chart) where it is at the intersection of the long-term downtrend line and the horizontal level that defined the breakdown of the US Dollar. I think we are at least due for a pullback here in the US Dollar. Additionally, we had a sharp reversal in the 30-year bond yield yesterday which suggests that the yields will continue to pullback or will consolidate. All this changes suggest a short-term reversal in gold and the stock market.

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  26. Earth crosses "The Great Pentagram" today, 5/17, as it did at Buttonwood and noted by Mr. Cowan.
    I have no clue whether it will have any effect on the stock market.

    ReplyDelete
  27. Jay,

    Any new updates on your projection of a May 5th top? The markets seems to be on serious juice!

    ReplyDelete
  28. Market Just passed 1666 (S&P500); curious to see what is happening.
    HM2535

    ReplyDelete
  29. As I post here.. This post will be 1 more than the 66 post already on here. :P. The SPX closed 1666.12 unofficially and closed 1667.47 Officially. I will take the 1666 which is 1000 pts above the 2009 low.

    I also made a replication of Gann's Price by Degree angles. Its an approximation but you get the idea.

    http://tfaat.blogspot.ca/2013/05/ganns-price-by-degree.html

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    Replies
    1. Updated blog... with comparisons to 1940s to 2009 chart.

      http://tfaat.blogspot.ca/2013/05/ganns-price-by-degree.html

      Delete
  30. Getting back into the groove next week aFter time away and just in time I feel. I expect we'll see a USD surge next week followed by a spike low in the AUD and GDX plummet to hit target in the mid teens.

    At that point I am a buyer.

    Cheers

    ReplyDelete
  31. http://planetforecaster.blogspot.com/2012/04/uranus-18.html?showComment=1334037242777#c7682623588405032462

    "Cowan's 666 Panic high" - April 9, 2012

    ReplyDelete
  32. 1 Thessalonians ..Prove all things, hold fast to that which is true ....Jay's chart using the seasonal chain relative method to calculate the composite has proved itself out and I have no doubt it will prove itself over and over again . Outstanding job ...Thanks a million Jay and platy . Now the million dollar question is ....will it be a double or triple top....venus yet to conjunct jupiter on may 29 and sun yet to conjunct jupiter june 20... calling a top is going to be tough but we all know its due ...looking forward in to aspects of june here is my 2 cents ....june 04 MER TRINE SAT AND NEP (GRAND TRINE)
    june 07 Venus trine nep and Nep retro june 08 MARS SQUARES NEP AND VEN TRINES SAT AND MER OPP PLUTO JUNE 09 MER SQUARES URANUS AND A NEW MOON JUNE 12 SAT TRINES NEP VENUS OPP PLUTO JUNE 20 SUN CONJ JUP JUN 23 FULL MOON JUNE 26 SUN TRINE SAT JUP ENTERS CANCER JUNE 27 MER RX SUN TRINE NEP ......WELL WHAT DOES THIS ALL SUM UP TO ...my 2 cents is that a change which sets the trend or direction for at least 60 days or more its going to be a high energy month and volatile since there's a T Square involving jupiter uranus and pluto and a grand trine involving jup sat and nep these are kind of rare aspects because all 5 of the outer planets are involved in aspects which each other which rarely happens and in the past when they did human history did go under major changes....june 9 and june 20 (watch )....Thanks everyone ....Have a great weekend....Gannman

    ReplyDelete
  33. Further to AGoldhamster's date of June 22, the 27 June is Sun trine Jupiter. On 28 June we have a 3/4 moon. Out of all the moon aspects, most lows are found at the 3/4 moon. Tops are full moons followed by 1/4 and then new moons.

    Friday's close is fractionally under the Jupiter line. We have a full moon this week. Prices react to Jupiter.

    My two cents worth is the first low will be around 1565 on 27 June, which coincidentally is at the Uranus line and around 1 square off Friday's high.

    ReplyDelete
  34. hello anyone having a look at the 23rd may for gold jupiter venus conjunct (gann) cheers :)

    ReplyDelete
    Replies
    1. Hi Kate, can you please double check the date? I have May 15 heliocentric, May 29 geocentric for Jupiter-Venus.

      Delete
  35. ah i see i have it on the 23rd as conjunct @ 5 degrees geocentric and exact degree on the 29th ...never played around with degrees more just when the aspect shows but hardly an expert

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  36. I will not tolerate personal attacks. If this does not stop I'll go back to moderating the comments. Thanks.

    ReplyDelete
    Replies
    1. Is this in response to my recent post about gold/silver? I see that you elected to DELETE a VERY IMPORTANT post that basically spelled out the action to occur today much to the detriment of your blog readers!!!

      I believe you misinterpret or misunderstand my comments about Jay. I was essentially stating that HE IS LIKELY TO BE CORRECT about his early June crash bottom in gold! But that I wish he reinforced his conviction about his call during the early May rally and reclarifying his confusing alternate Sep2013 forecast. This is not a personal attack and I have no idea why you thought so.

      For the folks out there, I essentially indicated early open would print incrementally lower lows for gold, silver, and miners and then explosive rally by late afternoon and possibly into rest of this week. $1410 and $23 gold and silver targets late in the week was my estimate but it occurred in just 2.5 hours from today's open INTRADAY! Insane!

      Everything still consistent with my original target of May 22-24 interim top in gold and silver before the next big down leg.

      Delete
    2. Thanks for clarifying and please be careful with your wording in the future.

      Delete
    3. Awakening 888. As a daily blog-reader, your insights on GOLD and contributions to Platy's forum are most valuable! My experience indicates there are few analyst's that can ideally foretell the near-term movements of GOLD, which you have thus far clearly, articulated for your universal readership.

      Delete
    4. Awakening888 ... I also have not noticed an attack by you. Good to have you here!
      Do you have a blog - where you post more often?

      I follow also other folks - and they have 24th as the next high and thereafter again a low and possibly also a lower low. That should have been it.

      Keep 'em coming!

      Delete
    5. Awakening - is there a way to repost the gist of that comment?

      Delete
    6. Awakening - also target for the next move lower?

      Furthermore - what about the mainmarket (i.e. SPY)?

      Delete
    7. AGoldhamster - Would you care sharing one or two of the blog sites of those other folk, against a backdrop to their forecasted high for gold on the 24th. Thank you.

      Delete
    8. I've read all the comments and I have not noticed any attacks that platy has mentioned.

      Delete
    9. It was a very detailed post and I do not have a copy, but I did post something similar from another forum:

      ----

      I previously outlined two reversal dates of May 10 and May 17 in my previous post around May 15th for precious metals and the miners. I was anticipating Friday May 17 to have a slightly lower trading price early in the session before it bounced back for a reversal. Instead, after dropping early in the session and then consolidating for a bit, the decline accelerated right into the close! So much for the anticipated reversal.

      After studying the charts a bit more, I see that the Apr 18- May 17 action is mirroring what occurred between Mar 5 – Apr 3, and that is a rally/consolidation for about 18-19 trading days followed by a 3-4 day breakdown price plummet. So obviously what occurred the next day on Apr 4 onwards is key to determining what might happen May 20 and the rest of this week.

      Well, on Apr 4 GDX gapped down open and made an incrementally lower low and then rallied hard and consolidated slightly higher for the rest of the week to the tune of about +7.5% from the Apr 4 bottom to coincide with significant resistance at $36.

      So if this present pattern is consistent and based on the ugly overnight session in the global markets for gold/silver, I also anticipate an ugly gap down open on Monday with an incrementally lower low early in the session before an upside reversal occurs. Then expect a rally for the rest of this week with a +10% upside target to possibly $28 (runs into Apr 23 interim low) based on an estimated $25.50 Monday bottom for GDX.

      If this all unfolds as outlined, be very wary about entering any bullish positions for the short term bounce, because it is only temporary since the following week has very high probability of mirroring what occurred during the mid-April impulse move down in gold/silver!

      ---

      Besides the above, in the deleted post, I also mentioned Monday low estimates for silver $20.50-$21, gold $1280-$1300 and upside targets later in the week at $23 and $1410. Both were pretty much hit within one day, which either means further inflated upside follow through or extra caution at this point due to being in an unbalanced danger zone. GDX only went down to $26.25 (not $25.50) so +10% upside would have potential inflated upside of $28.75 instead of $28.

      And just to reiterate that the following week could potentially mirror the mid-April collapse between May 27 - Jun 2 or 9 and if so, such a decline would bring gold to the $1180 level (61.8% Fibonacci measured from 2008 low $715 and 2011 high $1930) and silver to the $17.50 level (2008 mid-range horizontal support), and GDX to $19/$20 (mirror the $9 collapse in Apr from $36.40 to $27.40) if measured from $28 or $29 near term top.

      That would be consistent with Jay's gold crash scenario in early June, but not quite as low as his number (~$1000) just yet since I think it bounces from the $1180 level first which should be strong support. Possibly it revisits extreme lows during autumn 2013 but need to reassess during June action first.

      Delete
    10. Awakening - another excellent call. Funny how fast that 141x was hit - and again left alone.
      Seems I'm going to make some money - and even a bunch if we go down to your 11xx.

      Do you agree that these days we are also going to see the top in the main markets?

      Delete
    11. Today will also mark an interim top in the general (USA) markets, coinciding with an interim top in gold/silver. I would expect a temporary correction to anywhere in the 1565 - 1580 range for S&P during these next two weeks with a long shot at 1545. And those numbers at 1565+ are not even a 7.5% correction either! If market is very, very strong then it might only go down to 1600, but I think that is unlikely since it already overshot above the critical 1670 level by over 20 points.

      I believe it will then rally from the mid-1550's to retest the current highs, but I do not know if it will be a lower high or an incrementally higher one, and then failure from that level will spark a bigger correction that might approach -15% in the 1400's.

      Delete
  37. Wow silver erased that whole drop, and now it is actually up, going parabolic to 22.9. Do you think short term bottom is in?

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    Replies
    1. Gold 1390 target reached. I think it may go back down to a new low now, but not that confident. Let's see where it ends up on the 28th.

      Delete
    2. So you are saying today should be a high instead of a low for the PMs? And it should turn down into 28th which should be a low? Is it possible to be the other way round?

      Delete
    3. I think Friday (Sunday) was a low. Maybe the Uranus-Pluto square is giving us a high today. I'm looking at the Elliot Waves and I think there may be one more Wave 5 down but I'm not that good with EW so that's why I'm not that confident.

      Delete
  38. The eclipse on the 25th should affect the metals. I think I heard Norm Winski on yorba radio say something about silver and the eclipese. That eclipse falls on Saturday.

    ReplyDelete
  39. I have been doing some analysis with the circle of 24 which I thought I might share. It's amazing and it applies to the sun crossing the cardinals (vertical and horizontal). Gold made an intermediate low on 4 Jan. On this day the sun was at 283 which was right on the cardinal vertical line. It was also the date of a 3/4 moon which (70% of the time is bullish). Gold rallied.

    I abbreviate the remainder of the dates.
    Low on 20 Feb at 331 - Vertical Cardinal
    High 21 Mar at 360 - Horiz (equinox)
    Low 4 Apr at 14 - Horiz and 3/4 moon
    Major Low 15 Apr at 24 - Horiz
    High 26 Apr at 36 and a full moon = bearish
    3/4 moon on 2 May = bullish .. but
    High 3 May at 42 - Vertical stopped the rally
    High 9 May at 48 Horiz and new moon = bearish


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  40. GOLD from SEPT '11 hi - APRIL 15th low was 415 TD's, perfect GANN symmetry where the # of TD's equalled the day of the low, 4/15. there was also a very precise GANN reading from the 1923.7 hi - 1321.5 low of 1351* or 360 x 3.75. this is why GOLD has not broken the APRIL 15th low for it would take an exceptionally strong BEAR market 2 break such perfect GANN symmetry. 2day was another example of strong GANN symmetry that occurred in the XAU where from 232.72 hi - 97.10 low has a GANN reading of 972* where the GANN reading matches the low of 97.10, just manipulate the decimal pt... the GOLD low occurred w/in 1 TD of 585 (360 + 225) CD's from SEPT 6th 2011 - APRIL 15th 2013. 2day's XAU low occurred w/in 1 TD of 881 (720 + 161) solar degrees from DEC 7th 2010...this was all called in real time @ http://blyve.com/embed/e5b003507f85c43e34000000.

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  41. Lunasyko, Thank you for this posting, perhaps you could decode the Gann symmetry for the benefit of all our readers, so we have a simplified understanding of what to expect for price direction in the near term. Thank you.

    ReplyDelete
  42. One thing I'm watching is that bernanke is speaking on QE on Wednesday right as the Venus Jupiter conjunction starts (at that 5 degrees) been a while since BB landed exact on a major gold transit ??

    ReplyDelete
    Replies
    1. Hi Kate... Its pronounced BernaQEe..

      Delete
  43. be mindful ....meeting of the two benefics venus and jupiter
    symbolises abundance and optimisim...........also longer term fib extension from 2002 low to 2007 high ...0.382 is at 170.06...The trend is your friend until proven otherwise...gannman

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  44. current planetary aspect t square ur-pluto-mo effective for next couple of hours but will loose strength...gm

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  45. If May 22 stands as the high, it will be 131 days from the November 16, 2012 low, each day for a year.

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