Mixed Signals …

August 29, 2012

The markets continue to tread water waiting for Friday.

Either the dollar printed a daily cycle low Friday or the low is still out in front of us.

If last Thursday, which was day 25, turns out to be the daily cycle low, that would make today day 4.

Regardless if the dollar makes one more stab lower or not, the dollar still has to break above the declining cycle trend line to confirm a new daily cycle.

And a rallying dollar generally happens at the expense of equities and precious metals.

The Miners daily cycle is getting long in the tooth.

The Miners daily cycle peaked on last Thursday
A swing high was formed on Friday and has been in decline since.
Well today, the Miners broke below the daily cycle trend line confirming the Miners are moving down into its daily cycle low.

Today was day 26 and the timing band for a right translated daily cycle runs on average 16 – 28 days from trough to trough.
Occasionally one can stretch to 30.

And swing low now could mark a new daily cycle.

Gold’s daily cycle is also in the latter part of the timing band for a low.

So the dollar’s daily cycle count is calling for a rally and Gold and the Miners cycle count also suggest that a new daily cycle is close at hand.

There are mixed signals …

… and the markets are going to turn to Ben for the answers …

6 responses to “Mixed Signals …”

Jack Dog

August 29, 2012

Likesmoney,
Good report, thanks. Little thought, think the Bernack is trying for a “heads I win, tails you loose”?
Jack Dog

Reply
1. likesmoneystudies
  
  August 30, 2012
  
  JD,
  
  That sentiment just may be Central to that Central Banker
  
  Reply
IheartMrs.Seaver

August 29, 2012

I hate that man.

LM, what are your views of both the dollar AND the metals/miners running higher together for the rest of their respective intermediate cycles?

Reply
1. likesmoneystudies
  
  August 30, 2012
  
  IheartMrs.Seaver,
  
  Iy the short term both the dollar and metals/miners can rise.
  
  If this is still the current intermediate dollar cycle at week 17 then yes we could see gold/miners rise along with the dollar into what should be a final dollar daily cycle to the current intermediate cycle.
  
  But if this is the final daily cycle for the dollar, the expectation would call for a left translated cycle peaking by day 8.
  
  If the dollar prints a right translated daily cycle, then it would confirm a new intermediate cycle.
  
  If this is a new intermediate cycle for the dollar, then I do not think they would continue to rise
  
  Reply
ALEX

August 30, 2012

THANKS L.M.

I had the same thoughts as you replied in the comment above. With Metals and Miners ready to put in a low , and the Dollar too…It would seem they ‘d both run Up simultaneously. Thanks for adding the chart to your reply…and as always, I love your reports.

ALEX

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