Dollar Rocket

May 15, 2012

The dollar continues rocketing out of its intermediate cycle bottom.

Tuesday was day 10 for the new daily cycle.
The dollar printed its biggest one day gain for this new daily cycle.
The expectation for the first daily cycle of a new intermediate cycle is to be right translated.
The dollar’s right translated daily cycles tend to peak between 11 and 19 days and some have stretched to 25 and 26 days before peaking.
The dollar could rally for another 2 to 3 weeks before seeking out its daily cycle low.

Which would be bad news for the Miners

The HUI printed a reversal candle last Wednesday, which was day 12 for the HUI’s daily cycle making today possibly be day 16.

However, based on the rallying dollar, the HUI could be in an extremely left translated daily cycle that peaked on day 1.

Thursday the HUI formed a swing low along with a trend line break to confirm a new daily cycle.

Friday formed a swing high as the HUI dropped.
And Tuesday was day 4.
The Miner’s daily cycle runs about 12 – 19 days from trough to trough.

Which would sync up with a dollar rallying out of a new intermediate cycle low.

Until there is a break in this dollar rally, it looks like bad news for the Miners

5 responses to “Dollar Rocket”

jeff

May 15, 2012

So the thought in cycle world is that stocks, gold, CRB are all rolling down into there yearly cycle low. Does that sound right to you LM?

I am still waiting to go long gold, but at this point i dont know if i will even trust the swing

Reply
1. Jack Dog
  
  May 16, 2012
  
  Jeff,
  In response to the last thread. Begining to think that Likesmoney is onto something with the dollar clycles being out of sync. ( Have been following LM ever sense Alex recommended this site a ‘ looooong ‘ time ago. LM has been on the right trail more often than not. ) The dollar was supposed to go into a new cycle after the last one into a new cycle of new highs, (terminology is not correct please excuse me ). I think that unless Ben gets involved the ten year down trend line will become new support. And the opportunity for the dollar to find constant support above the 80.00 just might happen starting a new trend line break. The Euro is in deep pain and the poor souls there believe that the $ will save them, it will to some degree in that it will go down slower in comparision.
  Don’t know if this makes any sense, however what you stated above, ” I am still waiting to go long gold, but at this point i dont know if i will even trust the swing “, is what I am trying to explain my thoughts on. The thought on the BLEES is if it does remain high through this and the next DC the PMs might have a chance, because others think that the $ does not have a chance and Ben will see to it.
  In other words what you said I said in different words and why I am leaning that way.
  Jack Dog
  
  P.S. To me any break of 81.25 was the begining of a potential new trend for the dollar and Gold would not hold 1547.00. Last night and the night before in the futures market the $ did. Today in the open market it did. Gold did not hold 1547.00. At present in the futures $ it is at 81.51.
  
  P.P.S. At present in the futures Gold is at 1533.00. Just like many others on Doc’s, Gary’s, and Poly’s, wondering when this will all come to pass. Ain’t like it used to be before the QE’s. Twists, & LITRO.
  
  P.P.P.S. Would prefer for Gold to break 1522.48 and still be in the ” D ” wave, it might provide some clairity for everyone. But want it to happen while our markets are open.
  
  I think to much, good night.
  
  Reply
  1. jeff
    
    May 16, 2012
    
    jackdog
    Yes i see what you are saying. gold just broke the dec 29 low by a dollar or so. Oil is getting crushed and the market is giveing up. Its a bloodbath
trondtveten

May 16, 2012

My comment last weekend;

>>Quite Interesting that the $ is now coiling under the 10 year declining trendline. Couldn’t that be to build up energy for an upside break through that resistance?<<

Seems that major break up is indeed what's taking just now, and that coil might in fact be a result from labour of the 10 year trendline resistance being worked trough.

Reply
Stock Rocket

May 16, 2012

We have to eliminate Uncle Ben from the equation – and see this for what it truly is……..as a currency trader – this is all too evident. A flight to safety – in a world priced in U.S Dollars! – thats it…that simple!

One of the easiest trades on earth is simply – “when the world is going to shit – what kind of currency do I want to have in my account/stuffed under my pillow” – so I can best navigate the apocalypse..ie…he.he…..buy guns…food……travel….etc…

Ben can´t change this………and mark my words …in Nov when he does mention / suggest some further type of easing….the markets will punish him deeply.

The U.S cant risk Asia pulling out of the U.S buck! – imagine what would happen if China decides to really turn up the heat – and start liquidating U.S BuKS! If the buck goes too too much lower that is exactly what would happen..and the U.S is finished.

You think China wants to see its vast reserve of U.S dollars DEVALUED MUCH FURTHER?….as they are already selling into rallies and diversifying anyway?

So………………………..Ben did what he could…….and kept the ponzi alive a year or two longer…….but the gig is up.

2013 -14 will be a true blood bath for the U.S equities……as lowered guidance “earnings beats” – are seen as hilarious (already are) and we get the repricing that is warranted considering the debt issues and the unemployment and virtually negative growth.

GET SHORT BOYS on this last and final pop!

Reply