This Looks Familiar …

Free Image Hosting at www.ImageShack.us

The dollar is pretty much were we left it this morning…

Free Image Hosting at www.ImageShack.us

A break of the declining (red) trend line signals that this is day 8.
A break of the rising (black) trend line signals that this is day 24.

I still think that the longer this goes the more likely we will see an upside break out.

It does look like the Miners are expecting more dollar strength.

Free Image Hosting at www.ImageShack.us

Today saw the Miners break below the previous daily cycle low. The Miners are still caught in the grips of an intermediate cycle decline.
A break of the declining blue trend line would signal a new intermediate cycle.

Free Image Hosting at www.ImageShack.us

Thursday also saw gold break lower.
Gold peaked on day 12 and formed a swing high on day 13.

Gold does not enter its timing band for a daily cycle low for another four more days.
Keep in mind that gold has not yet confirmed a new intermediate cycle.
Gold will need to form a swing low above the early January low of 1625.80 for this to be labeled the first daily cycle of a new weekly cycle.

A break below 1625.80 will likely lean a stretched intermediate cycle.

Free Image Hosting at www.ImageShack.us

Stocks printed a Doji today, which can signal a change.
Stocks usually print a half cycle low between now and day 25.
Should the dollar break higher that will likely send stocks into their half cycle low.

Looks like we will continue to wait on the dollar …

Free Image Hosting at www.ImageShack.us

8 responses to “This Looks Familiar …”

  1. likesbullmarkets Avatar
    likesbullmarkets

    nobody running around with there hair on fire here?

  2. ragingrooster Avatar

    USD finally broke down … so a further drop is coming next week it seems.

  3. IheartMrs.Seaver Avatar
    IheartMrs.Seaver

    Likesmoney,
    So it looks like the dollar broke the lower black line of the triangle that you drew. Are you willing to call this a 9 day cycle if we close at or near this dollar price?

    1. IheartMrs.Seaver Avatar
      IheartMrs.Seaver

      Sorry I meant day 24.

    2. likesmoneystudies Avatar
      likesmoneystudies

      Yes it does.

      It occurred to me that day 16 may still mark a DCL.

      The possibility exists that dollar might just be setting the daily cycle trend line for day 9 of a new daily cycle.

      The CAD is in a panic sell off and on day 18 of its daily cycle.

      1. IheartMrs.Seaver Avatar
        IheartMrs.Seaver

        Yep. And if it is day 9, then we are looking at a long way down for the dollar with a day 8 top. But wouldn’t we still need to see a higher high, if it is day 9 since the last dollar cycle (16 days long) was right translated?

  4. chris Avatar
    chris

    FWIW – On a bigger time frame, it simply looks to me like the US dollar is basing (since March 2009). Maybe the printing press is bigger than Ms Market, but that’s what it looks like to me.

    Just wanted to tell you that I appreciate you fairly objective perspective and not getting too hung up on what “must” happen according to one’s thesis. That’s what turned me off to one cycle guy.

    Thank you for sharing your work

  5. […] GMI remains at 6; short and longer term trends remain up; ONVO roller-coasterThis Looks Familiar … […]

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.