tag:blogger.com,1999:blog-4565877364321550722011-11-27T18:26:28.632-05:00We use Elliott Wave, cycles as well as technical, and sentiment in order to determine the direction of the Stock Market and Gold Mining Share Market. Trades verified by Timer Trac and trade the close each day. Gold trades track Profunds/RYDEX/XAU mining shares and not bullion. Weekend blog is for the longer term outlook and review of the week. Please support the Welcome Home International Foundation (below) and help yourself by getting your own My Power Mall. Please pass this blog on to others.Cycle Wave Masterhttp://www.blogger.com/profile/05872005196547929246noreply@blogger.comBlogger451100tag:blogger.com,1999:blog-456587736432155072.post-47981925568642468092008-12-01T09:27:00.005-05:002008-12-01T19:40:20.628-05:00

This post will be the last I post on blogspot. Our new blog will be located at http://www.buildagreaterworld.com/Our indicators are still on a buy signal despite the sharp drop this morning. A top should develop over the next couple of days and then we no doubt go to a short signal.December looks toppy early in the month followed by a mid-month bottom to lower prices, followed by the typical year

Cycle Wave Masterhttp://www.blogger.com/profile/05872005196547929246noreply@blogger.comtag:blogger.com,1999:blog-456587736432155072.post-89962022396676868282008-11-28T19:16:00.002-05:002008-11-28T19:42:43.508-05:00

The stock market looks like it has one more good day to the up side Monday. As I had been stating for over a week, I have been looking for top in this general time frame between Nov 26 and Dec 1. How high we go is uniportant at this point because we will be exiting our long position and initiating a short position at the close Monday.Ideally, we tag the SPX down trend line near 970 and/or the 50

Cycle Wave Masterhttp://www.blogger.com/profile/05872005196547929246noreply@blogger.comtag:blogger.com,1999:blog-456587736432155072.post-49126106958217775772008-11-27T20:04:00.003-05:002008-11-27T20:19:26.606-05:00

All I'm seeing suggests we are near an important short term top time-wise for the stock market. I have been looking for a top around Nov 26-Dec 1 with a leaning toward Nov 28 +/-. We have a new moon Thanksgiving and the day after, and full & new moons typically are important reversal points for the stock market, especially in choppy markets as we have seen.My best guess is we see an important

Cycle Wave Masterhttp://www.blogger.com/profile/05872005196547929246noreply@blogger.comtag:blogger.com,1999:blog-456587736432155072.post-51304636012552004422008-11-27T07:43:00.002-05:002008-11-27T07:46:20.095-05:00

The SPX rallied 30 points Wed to 887. We may have 2 days left until the top.Gold stocks rallied a little and may be losing steam suggesting a 'b' wave top coming with 'c' to the downside and followed by one final wave up into about Dec 22.Happy Thanksgiving

Cycle Wave Masterhttp://www.blogger.com/profile/05872005196547929246noreply@blogger.comtag:blogger.com,1999:blog-456587736432155072.post-11754370875887924842008-11-26T08:46:00.002-05:002008-11-26T08:51:09.638-05:00

Futures are down this morning about 17 points on the S&P 500 futures. My late day blog post suggested we may retest the down trend line today and in this case around SPX 827 +/-.I'm still looking for top either Nov 28 or Dec 1 for the stock market as well as the gold mining sector. SPX target is about 970 maybe slightly less.All our fund models are still long and remain so, looking for a mid day

Cycle Wave Masterhttp://www.blogger.com/profile/05872005196547929246noreply@blogger.comtag:blogger.com,1999:blog-456587736432155072.post-700687631357682912008-11-25T14:30:00.003-05:002008-11-25T14:33:20.534-05:00

We are selling off a little in both gold mining shares and the stock market today. SPX support is 827 tomorrow. We are trying to bounce off of a declining tops line and may do so again tomorrow before resuming the up trend.We will probably exit our longs on Friday in both markets and initiate new short sales.

Cycle Wave Masterhttp://www.blogger.com/profile/05872005196547929246noreply@blogger.comtag:blogger.com,1999:blog-456587736432155072.post-72955968201622320902008-11-25T08:57:00.002-05:002008-11-25T09:16:27.260-05:00

Futures are pointing to still more strength this morning in the stock market. An ideal set-up would be to tag the 50 day moving average within the next few days, top and then turn lower into mid to late December. That top point would be about 970 SPX.Ideally, we should top on the 16 day cycle top due tomorrow, but that can vary some. Last cycle ran 15 days and before that 17 days. The moon is

Cycle Wave Masterhttp://www.blogger.com/profile/05872005196547929246noreply@blogger.comtag:blogger.com,1999:blog-456587736432155072.post-89095606822978373982008-11-24T17:20:00.002-05:002008-11-24T17:27:22.968-05:00

What can I say? The market rose +396 points on the Dow and nearly +52 pts on the SPX today. GDX rose nearly 7% today. Forecast still on track for a top either late this week or early the next.

Cycle Wave Masterhttp://www.blogger.com/profile/05872005196547929246noreply@blogger.comtag:blogger.com,1999:blog-456587736432155072.post-22612758435426471492008-11-24T09:14:00.002-05:002008-11-24T09:19:02.443-05:00

Futures are up in pre-market trading. Not much to say here except I still expect higher prices throughout the week in both gold mining shares and the stock market.I ask everyone who reads this blog to please support it and the Sri Lanka Orphanage by becoming a My Power Mall member. It is free to join (details below) and will not only help the orphanage, but yourself included. I use to charge as

Cycle Wave Masterhttp://www.blogger.com/profile/05872005196547929246noreply@blogger.comtag:blogger.com,1999:blog-456587736432155072.post-7869199443839553662008-11-23T08:32:00.002-05:002008-11-23T08:48:06.032-05:00

Wednesday last week I became suspicious of the late day attempted rally, but due to other circumstances was not able to change my Timer Trac long soon enough. However, my Timer Trac SPX close model is +19% vs. -19% holding since Oct 20, an impressive gain vs. loss in one month.Also, as I had been saying buying gold mining shares vs. the stock market was a better choice. At the end of the week

Cycle Wave Masterhttp://www.blogger.com/profile/05872005196547929246noreply@blogger.comtag:blogger.com,1999:blog-456587736432155072.post-49969169934863135222008-11-21T11:14:00.002-05:002008-11-21T11:25:14.577-05:00

I believe we just saw the bottom with the SPX down about 10-11 points after reversing the gap up earlier. This is exactly what I was looking for and is a very bullish sign based on the fractal of Oct 28, 2008. We should ideally see a top now around the end of the day Dec 1, 2008, all things being equal with an outside chance at early Dec 2, 2008. Could we top a little earlier? Sure.Gold mining

Cycle Wave Masterhttp://www.blogger.com/profile/05872005196547929246noreply@blogger.comtag:blogger.com,1999:blog-456587736432155072.post-91937041250662439932008-11-21T08:53:00.003-05:002008-11-21T11:14:03.165-05:00

The last 2 day slide did not surprise me as I have been looking for a bottom this week (27 day cycle low due Nov. 18, +/- 3.5 days) What surprised me (and others no doubt) was the severity of the slide. Now that I believe we have seen the ST bottom (or close as we may gap up, turn around rebottom and then go higher) the next expectation is to rally strongly back to the 50 day moving average,

Cycle Wave Masterhttp://www.blogger.com/profile/05872005196547929246noreply@blogger.comtag:blogger.com,1999:blog-456587736432155072.post-72805310871447084962008-11-20T16:18:00.002-05:002008-11-20T16:23:19.813-05:00

The stock market fell further today to as low as SPX 748 taking out the Oct 2002 low of 768. We are now down 12% in 2 days.GDX held up better only falling to the low 18 area.A strong rebound wave is likely from these levels and I have been looking for a low this week, tomorrow being day 30 of the 27 day cycle +/- 3 days.Maximum upside is about 975 SPX and even if we get close we will reposition

Cycle Wave Masterhttp://www.blogger.com/profile/05872005196547929246noreply@blogger.comtag:blogger.com,1999:blog-456587736432155072.post-71884252689726780202008-11-20T10:51:00.002-05:002008-11-20T11:03:40.701-05:00

The SPX fell further than I thought it would down to 776.76 this morning. The rally is now targeted for SPX 975 early Monday, the 50 day Ex M.A and down trend line off the previous tops.GDX also fell to below 18 but is still holding up better than the stock market. A move to above 24 is likely by Monday.A strong rally should now ensue over the course of today, Friday and early Monday for the

Cycle Wave Masterhttp://www.blogger.com/profile/05872005196547929246noreply@blogger.comtag:blogger.com,1999:blog-456587736432155072.post-42274515440527176732008-11-20T08:36:00.002-05:002008-11-20T08:50:47.030-05:00

Yesterday I warned that the SPX could fall as low as 795. We closed at 806 down 53 points. I also warned that GDX could tag the 18.30's after early strength. We closed at 18.60 after tagging 21.00 early in the day.The Equality of Waves Principle has us supporting 801 SPX today. Today is day 5 in the 4 day cycle suggesting a potential bottom today and a strong rally on the horizon today,

Cycle Wave Masterhttp://www.blogger.com/profile/05872005196547929246noreply@blogger.comtag:blogger.com,1999:blog-456587736432155072.post-288560583500045832008-11-19T12:01:00.002-05:002008-11-19T12:05:00.370-05:00

Click on the title to read more about a potential short squeeze in gold on the horizon. Nov 28, 2008 is the date in which that short squeeze may begin. That date should be the 5 week low in mining shares.My cycle work suggests a top in the gold mining shares around Dec 21. I am looking for a ST top this week and a fall next week, but that pull back should set us up for a nice rally into about

Cycle Wave Masterhttp://www.blogger.com/profile/05872005196547929246noreply@blogger.comtag:blogger.com,1999:blog-456587736432155072.post-64244224693628710462008-11-19T09:08:00.002-05:002008-11-19T09:18:07.287-05:00

Yesterday on my end of day post I warned that we could still go lower today. The futures are pointing down near the open. B waves can take out the previous low and that is 820 SPX. The 4 day cycle can run as much as 5 days. Today is day 16 since Oct 28. The 27 day cycle can run 30, so a low this week looks like it is in the cards.The e-wave look has us in a final a-b-c wave off the late

Cycle Wave Masterhttp://www.blogger.com/profile/05872005196547929246noreply@blogger.comtag:blogger.com,1999:blog-456587736432155072.post-65487248122632123542008-11-18T16:07:00.003-05:002008-11-18T16:35:10.871-05:00

We did indeed try to tag the SPX 820 area albeit a bit higher today (826.86) in wave 'b' as I had forecasted. Now we see a strong rally to the SPX 1020's ideally. We closed +151 on the Dow and +8 on the SPX near 858/859.Tomorrow could be a huge up day in the markets and a top could occur on Thursday, so we need to be aware of that.Likewise with the gold mining shares, looking for a slightly

Cycle Wave Masterhttp://www.blogger.com/profile/05872005196547929246noreply@blogger.comtag:blogger.com,1999:blog-456587736432155072.post-81878835913826474502008-11-18T08:24:00.002-05:002008-11-18T08:44:03.333-05:00

Today is the exact 27 day cycle low. The SPX looks like it will try and test the 820 Thursday low today (with a higher "b" wave low, ideally). The set up is there for a decent rally in the days ahead as the e-wave configuration and cycles are bullish over the short term. We should see a rally into as early as Thursday to as late as Monday based on the 16 day cycle top combined with the 13 week

Cycle Wave Masterhttp://www.blogger.com/profile/05872005196547929246noreply@blogger.comtag:blogger.com,1999:blog-456587736432155072.post-14835495696705898162008-11-17T08:54:00.001-05:002008-11-17T08:58:49.786-05:00

Gerald Celente: The man who predicted the 1987 stock market crash and the fall of the Soviet Union is now forecasting revolution in America, food riots and tax rebellions - all within four years, while cautioning that putting food on the table will be a more pressing concern than buying Christmas gifts by 2012.Gerald Celente, the CEO of Trends Research Institute, is renowned for his accuracy in

Cycle Wave Masterhttp://www.blogger.com/profile/05872005196547929246noreply@blogger.comtag:blogger.com,1999:blog-456587736432155072.post-33323707506064390052008-11-17T08:22:00.002-05:002008-11-17T08:42:14.976-05:00

The futures are down in pre-market trading as we complete the powerful bull flag in what looks like a wave 'b' of Y of a larger B, not a wave 2 as some suggest (tho' I could be wrong) as the pull back is deeper than most wave 2's typically. A move back to tag the falling 50 day moving average (currently around SPX 1040/50) is in the cards in the coming days.The 4/12 day cycle suggests a minimum

Cycle Wave Masterhttp://www.blogger.com/profile/05872005196547929246noreply@blogger.comtag:blogger.com,1999:blog-456587736432155072.post-21492072570875486822008-11-16T10:50:00.002-05:002008-11-16T11:02:25.101-05:00

Our fast Super GDX Mining Share portfolio since Oct 23, 2008 matching the XAU perfectly is +37% vs +18% for the index; Profund mining bull/bear +51%, RYDEX mining long only +33%. The slower GDX model is XAU trade vs. XAU hold +32% vs. +18% ;Profund bull/bear +47%; RYDEX long only +29%.The stock market model fast swing trade model since Oct 20, 2008 is SPX trade bull/bear vs. SPX hold +30% vs. -

Cycle Wave Masterhttp://www.blogger.com/profile/05872005196547929246noreply@blogger.comtag:blogger.com,1999:blog-456587736432155072.post-9902641348000820302008-11-14T17:43:00.002-05:002008-11-14T18:03:24.697-05:00

I'm writing this blog early because I need to go out this weekend and raise money for the Child Soldiers of Sri Lanka.The stock market rallied off the 5 week cycle low on day 24 Thursday on the full moon. Last time it topped on a full moon (Oct 14) and bottomed on the new moon (Oct 28). We made new lows on the S&P 500 for the year at 820 and then rallied strongly to 911 in what is known as a

Cycle Wave Masterhttp://www.blogger.com/profile/05872005196547929246noreply@blogger.comtag:blogger.com,1999:blog-456587736432155072.post-36532045918628118112008-11-14T09:38:00.002-05:002008-11-14T09:41:05.123-05:00

Our VST/ST fast Gold Mining trading model is +53% since Oct 23, 2008 and the slower ST/IT model is +50% since the same date based on Profunds gold mining bull/bear funds.

Cycle Wave Masterhttp://www.blogger.com/profile/05872005196547929246noreply@blogger.comtag:blogger.com,1999:blog-456587736432155072.post-67931949433756987222008-11-14T09:13:00.002-05:002008-11-14T09:23:54.350-05:00

Looks like a little selling on the open. The 4 day cycle +/- one day is due to top this morning. The larger 8 day cycle is due to top later today +/- 2 days. The larger 16 day cycle is due to top around Thanksgiving. I was looking for an 800+ point Dow rally yesterday and boy did we get it off the bottom!Gold looks strong today. We are long in all models including gold mining shares since

Cycle Wave Masterhttp://www.blogger.com/profile/05872005196547929246noreply@blogger.comtag:blogger.com,1999:blog-456587736432155072.post-43809527352252698142008-11-13T15:39:00.002-05:002008-11-13T15:43:32.042-05:00

The Dow is now up over 432 points. Our Direxion Nasdaq 100 bull/bear trading model is now up over 100% since Oct 20th. This is verified by Timer Trac. We are now buy and hold awaiting a move back up to the 1072 area. This could take until Thanksgiving. If we hit that area on Monday/Tuesday then all bets are off for the latter date.

Cycle Wave Masterhttp://www.blogger.com/profile/05872005196547929246noreply@blogger.comtag:blogger.com,1999:blog-456587736432155072.post-74870531373258708692008-11-13T13:21:00.002-05:002008-11-13T13:25:16.955-05:00

Got back early. The SPX 820 area has held and now we see a huge rally into month's end in both stocks and mining shares. GDX fell below 18 today and is a screaming buy. My target for the SPX is 1064/1072 and GDX near 29 by or around Thanksgiving.All our models went long as a fund trade the PM NAV close yesterday.

Cycle Wave Masterhttp://www.blogger.com/profile/05872005196547929246noreply@blogger.comtag:blogger.com,1999:blog-456587736432155072.post-51612986593487066362008-11-13T07:18:00.004-05:002008-11-13T14:21:15.688-05:00

This will be my only commentary today. Today is the full moon. Last full moon (Oct 14) the market topped. 80% of the time full moons are tops. Not this time. Full moons always reverse the prior trend going in. The larger 5 week cycle low is due in this general time frame. Today is day 24. Since Oct 10 we have seen a bottom 12 days out on Oct 28 on the new moon, and now 12 more days out we should

Cycle Wave Masterhttp://www.blogger.com/profile/05872005196547929246noreply@blogger.comtag:blogger.com,1999:blog-456587736432155072.post-61785718025317616562008-11-12T15:22:00.003-05:002008-11-12T15:27:10.051-05:00

Our ETF model went in too early: long at 893, the AM model at 883 but the PM model is getting the low or close. We are sufficiently oversold to warrant a huge bounce now. We have tagged SPX 857. A low tomorrow on the full moon would reverse the trend higher and we may see a huge move up into Monday next week. Today or tomorrow could satisfy the 5 week low. We may see move up to the 1050's soon

Cycle Wave Masterhttp://www.blogger.com/profile/05872005196547929246noreply@blogger.comtag:blogger.com,1999:blog-456587736432155072.post-75769523850381771372008-11-12T13:26:00.002-05:002008-11-12T13:31:59.862-05:00

Many of my daily momentum indicators are not confirming this latest move down. We should start seeing strength soon (I would think) and a move to 952 SPX looks to be in the cards by late Friday.A move to SPX 850 looks likely by Tuesday next week.We are long in our VST/ST model as well as the ST/IT model.A large move up in mining shares looks to be coming into Friday from here. GDX could hit just

Cycle Wave Masterhttp://www.blogger.com/profile/05872005196547929246noreply@blogger.comtag:blogger.com,1999:blog-456587736432155072.post-9939695512247569572008-11-12T10:54:00.002-05:002008-11-12T11:00:17.737-05:00

Our gold mining model just went to a buy for mutual funds at the PM NAV today. I see GDX going from the current 20.35 to above 24 by late Friday.The stock market model is looking for 952 by late Friday. Currently we have briefly dipped below 870. We are long the RYDEX AM NAV and PM switchers can now go long today. We are long SPX 893 on the ETF's and nearer to 883 on the RYDEX AM model.

Cycle Wave Masterhttp://www.blogger.com/profile/05872005196547929246noreply@blogger.comtag:blogger.com,1999:blog-456587736432155072.post-31651380540151442442008-11-12T10:02:00.002-05:002008-11-12T10:04:52.872-05:00

Our VST trading model just went long GDX for a trade into early Thursday. This signal not good for mutual fund trading.

Cycle Wave Masterhttp://www.blogger.com/profile/05872005196547929246noreply@blogger.comtag:blogger.com,1999:blog-456587736432155072.post-90023946303750437472008-11-12T09:30:00.002-05:002008-11-12T09:56:21.853-05:00

I forgot to add that the SPX P/C Ratio divided by the OEX P/C ratio is now 1.67. Last Friday it was .44. I view this as slightly bullish, but not extreme, going along with my idea that we see a nice counter trend rally into perhaps Thursday or so. A move back to the 850/60 SPX area looks likely before we see a move back to the 1050 area, IMO. That cycle low (the 5 week or 27 day) is due to bottom

Cycle Wave Masterhttp://www.blogger.com/profile/05872005196547929246noreply@blogger.comtag:blogger.com,1999:blog-456587736432155072.post-61409634839295988252008-11-12T08:33:00.002-05:002008-11-12T08:49:02.934-05:00

We closed out a very profitable trade yesterday from shorting the open Monday to closing that short at the close Tuesday. That short represented 53 SPX points or 5.6% in 2 days. If we factor in the Direxion Bear 2.5X ETF that would amount to a whopping 14% in 2 days placing our Direxion trading up to a 91% gain since Oct 20.Today our VST (very short term) model turns bullish and looks to be

Cycle Wave Masterhttp://www.blogger.com/profile/05872005196547929246noreply@blogger.comtag:blogger.com,1999:blog-456587736432155072.post-42427968134731075092008-11-11T15:09:00.002-05:002008-11-11T15:11:11.539-05:00

Our model is going to 100% cash at the close. There is a cycle top due either Thursday or Friday and we may continue slightly up from here before heading down once more into perhaps next Monday.

Cycle Wave Masterhttp://www.blogger.com/profile/05872005196547929246noreply@blogger.comtag:blogger.com,1999:blog-456587736432155072.post-12235858053501246242008-11-11T11:16:00.004-05:002008-11-11T11:22:49.905-05:00

The stock market continues to get hit this morning with the SPX down about 30 points. Our Direxion NASDAQ 2.5X bull/bear ST trading is now +92% since Oct 20, 2008! WOW!!!GDX is falling into the 21 area and looks to be setting up a low late today or early tomorrow near 19.50/20.00. The mining shares are also about ready to give a nice ST buy signal.Next update will be about 30 minutes before

Cycle Wave Masterhttp://www.blogger.com/profile/05872005196547929246noreply@blogger.comtag:blogger.com,1999:blog-456587736432155072.post-32693829547113715522008-11-11T08:36:00.002-05:002008-11-11T08:49:08.910-05:00

Our ST model shorted the stock market at the open Monday after closing out a day trade long on Friday. So far, it has been a profitable trade. Today, the stock market futures are pointing to still more down side on the open.Cycles and waves point lower into late day today to early tomorrow for a low. If we sell-off dramatically near the close, we will cover shorts and begin initiating long

Cycle Wave Masterhttp://www.blogger.com/profile/05872005196547929246noreply@blogger.comtag:blogger.com,1999:blog-456587736432155072.post-84457414732552461192008-11-10T16:02:00.002-05:002008-11-10T16:06:52.905-05:00

After opening higher, the stock market did sell off as expected today and the SPX was down as much as 18 points before closing with some strength on the close. Earlier on, it was up over 20 points.The current pattern suggests more selling tomorrow and we may close out the short position at the close tomorrow and maybe initiate a long if things look right.We are neutral gold mining shares right

Cycle Wave Masterhttp://www.blogger.com/profile/05872005196547929246noreply@blogger.comtag:blogger.com,1999:blog-456587736432155072.post-60722540855672143532008-11-10T10:15:00.002-05:002008-11-10T10:21:19.073-05:00

Well, we had a nice pop on the open as expected Friday. The SPX tagged nearly 952, a little short of the 955/56 area, but close. My model has shorted the open or RYDEX AM NAV.The GDX popped into the 23's as expected too. It tagged 23.71 and is pulling back. I'm still neutral this sector waiting for a best case scenario to form.Now we wait to see the extent of the expected pull back of the

Cycle Wave Masterhttp://www.blogger.com/profile/05872005196547929246noreply@blogger.comtag:blogger.com,1999:blog-456587736432155072.post-8206137621376317972008-11-10T08:17:00.003-05:002008-11-10T09:14:37.099-05:00

The gap up opening scenario I was looking for early this morning is coming to fruition as the futures are pointing to a strong opening. My minimum upside of 10 points look like is going to be exceeded on the SPX as we look forward to a move to perhaps the 955/56 area, which happens to be the 50% retracement area of the last wave down from Tues/Thurs last week (as some had noted on Traders-Talk

Cycle Wave Masterhttp://www.blogger.com/profile/05872005196547929246noreply@blogger.comtag:blogger.com,1999:blog-456587736432155072.post-91120921912980191682008-11-08T11:08:00.006-05:002008-11-08T12:05:39.985-05:00

The late day strength on the stock market did not surprise me after selling off on the Obama speech. I posted on traders-talk that I was expecting late day strength about 30 minutes before the close. My Timer Trac signal closed out longs initiated at the RYDEX AM NAV Friday and closed those longs out to go to MMF (money market fund) with only a slight profit. My original thinking was to short the

Cycle Wave Masterhttp://www.blogger.com/profile/05872005196547929246noreply@blogger.comtag:blogger.com,1999:blog-456587736432155072.post-3274693837378312892008-11-07T15:25:00.002-05:002008-11-07T15:27:42.624-05:00

It has been a tough day, my Timer Trac signal is closing out longs on my ST signal and will short the AM NAV Monday, not today as I had previously thought. Gold stocks should rally into early Monday, but also look weak.

Cycle Wave Masterhttp://www.blogger.com/profile/05872005196547929246noreply@blogger.comtag:blogger.com,1999:blog-456587736432155072.post-36383789645078730622008-11-07T12:08:00.004-05:002008-11-07T12:25:53.460-05:00

My thinking now is concerned about the e-wave formation on the hourly chart for the stock market. It looks like an irregular bearish flat forming. My new Timer Trac trade will exit the stock market long at the RYDEX close today and go short. The daily is on a strong sell signal suggesting we may be seeing a false -b- wave here today. We may re-enter to the long side Monday or Tuesday. The 4 day

Cycle Wave Masterhttp://www.blogger.com/profile/05872005196547929246noreply@blogger.comtag:blogger.com,1999:blog-456587736432155072.post-67756329831013459532008-11-07T09:03:00.000-05:002008-11-07T09:18:10.794-05:00

My Timer Trac signal negated a long on the gold stocks on the long term LT GDX/XAU and ST GDX/XAU today, but covers the short position on open for the ST. We are in cash for gold stocks because of the overbought level on the daily and sell signal on the 4 hour. My thinking is we see an important low between Nov 13 and 17 there and I am content to wait for now for the expected large rally into

Cycle Wave Masterhttp://www.blogger.com/profile/05872005196547929246noreply@blogger.comtag:blogger.com,1999:blog-456587736432155072.post-6583089549145668432008-11-06T10:56:00.001-05:002008-11-06T15:55:29.467-05:00

The stock market trend right now is down for the VST (very short term). The ideal VST cycle low is due Friday this week Nov 7, but we could fall into Monday/Tuesday where there is also a Fibonacci turn due. Support is around SPX 848 SPX.The longer term trend is still down, but bottoming (due to bottom in late December 2008). I have a LT target bottom of SPX 790/800 and then 1600 by March/April

Cycle Wave Masterhttp://www.blogger.com/profile/05872005196547929246noreply@blogger.com