The 11/14 Morning Update

November 14, 2012

Tuesday was day 19 for the dollar’s daily cycle.

The dollar is now in the timing band to seek out its daily cycle low.
A break below 80.97 forms a swing high.

The dollar also pierced the 150 day MA.
Recall that we have been watching the 150 MA

I believe if the dollar is going to continue down into its yearly cycle low then the 150MA should now contain the dollar.

After running into resistance at the 1740 level, Gold appears to be forming a mini bull flag.

Gold looks to be waiting on the dollar to roll over before breaking through this resistance level.
Once gold reverses higher, it will set the daily cycle trend line.

Stocks printed a lower low on Tuesday.

That brings the daily cycle count out to day 48.
Stocks are now overdue for a daily cycle low.
I do not know if we will see one more panic day down or not.
But the next swing low has good odds of marking the daily and intermediate cycle low.

A break above yesterday’s intra-day high of 1389 forms a swing low.

Once the equity daily cycle low is in, it should be off to the races …

7 responses to “The 11/14 Morning Update”

jeff the flee

November 14, 2012

Thankyou LM

Reply
ALEX

November 14, 2012

Thanks L.M. Been watching that 150 SMA on the dollar since you mentioned it Nov 5th report…and there we have it.Nice work…lets make some Money!

Alex

Reply
1. likesmoneystudies
  
  November 14, 2012
  
  Yes, we have the swing high.
  Once the dollar breaks below the accelerated trend line drawn off the 10/31 swing, which looks to be 80.89, then I think the fun will start.
  
  And yes, the miners are in an extended daily cycle.
  
  Reply
ALEX

November 14, 2012

I meant to ask…when GDX broke the Nov 5th lows (Or HUI Nov 6th lows) , and we were thinking that THAT was the swing low…you must have extended your daily count for miners , rather than a new DC rolling over? That must be the longest L.T. count to date if so. Thx

Reply
CEDRIC

November 14, 2012

Nice report LM, thank you. Do you have links for charts with yearly lows in Gold, Spx and Bonds the lastest 5 years ? Thank you.

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likesmoneystudies

November 14, 2012

The SPY currently has over 200 million for buying on weakness. 🙂

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Gregory Ewanizky

November 14, 2012

Hi for the miners this is a dcl failure? Which means what?

Thanks Greg

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