With Guns a Blazing …

September 13, 2012

Well Bernanke came out today with Guns a blazing.

We know that the dollar printed a daily cycle low (DCL) on 7/19.
After a three day pop – it has been falling ever since.
And during that decline it has done a good job of clouding the daily cycle count.

There are two points to consider for a daily cycle low since 7/19.
They are 8/7 & 8/23.

The 8/7 pivot is short on the timing band but possesses a trend line break.
The 8/23 pivot is sans a trend line break but is in the timing band for a low.

So Today could be either day 26 or day 15.
The fact that Ben just torched the dollar means that we should not see a reversal in the buck soon, which makes 8/23 a more likely candidate for a daily cycle low.

If today is day 15, that gives the dollar up to another two weeks to print a bottom.

The Miners printed a 27 day daily cycle low on 8/30.
Today is day 9 of the current daily cycle.

Based on the Miners daily cycle count, the Miners should not print the next daily cycle low for another 2 to 3 weeks.

That syncs up with the current daily cycle dollar count being at day 15.

Gold’s daily cycle stays at day 20.

Gold finding its daily cycle low in the next 10 – 15 days would also sync up with the dollar being on day 15.

You maybe saying that gold is already at 20, now we are considering a 30 or 35 day cycle.

Well, gold has been known to stretch its daily cycle.
We only have to look back at last year …

Gold either had an extremely stretched daily cycle or two normal cycles with a stealth low tucked in the middle.

The point is after Bernanke’s speech today
The path is clear …

11 responses to “With Guns a Blazing …”

dfs

September 13, 2012

thank you for the report

Reply
ALEX

September 13, 2012

L.M.

I feel like I’m just repeating myself here, but I really do look forward to your reports and benefit from your keeping track of all things in many time frames : ]

Big Thanks!

ALEX

p.s. Why do I always get a different “icon” pattern, and everyone else gets the same one?? Probably because I post from different p.c.’s?

Reply
1. likesmoneystudies
  
  September 14, 2012
  
  I’m glad that you find these reports helpful.
  
  I have noticed that you do have different icons.
  I believe that can be attributed to the different email addresses that you use.
  
  Reply
pimaCanyon

September 14, 2012

What Alex said! I too appreciate your reports. Very helpful. I read your posts, but don’t always post a comment.

Have a great weekend!

Reply
1. At Ease
  
  September 14, 2012
  
  Yes, LM has the best cycle views and easily read and understood. Thank you LM!
  
  Reply
Pamela

September 14, 2012

It certainly is worth repeating how much your reports are appreciated. I also like the clarity of your reports. Thank you !

Reply
Joe

September 15, 2012

Indeed, thanks for your reports. To stay with your finding on the bonds leading the other markets, I think that bonds could print a daily cycle low any day now and move up subsequently, while the dollar, stocks and commodities continue their current tracks for another week or even longer. However, on an intermediate term scale, I think bonds are broken badly here and a move up would likely be corrective. Good observation about the bonds leading!

Reply
IheartMrs.Seaver

September 15, 2012

Ditto all of the above, LM. May the force of a thousand intermediate cycle peak spikes be with you.

Reply
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Bob Kudla (@Bobloveshawaii)

September 15, 2012

Hey Likes, I responded to your post over at our forum, can you take a peek and give me an answer? Thanks. Bob (BoblovesHawaii)

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