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INSIIDE Track Trading analyzes cycles in the stock market, gold & silver, interest rates & commodity futures. Utilizing technical analysis & indicators, charts and proprietary cycles, ITTC provides market timing & trading strategies for Stock Indices (DJIA, S+P 500, Nasdaq 100), Precious Metals (Gold, Silver, Platinum & Copper, Interest Rate futures (Treasury Bonds, Treasury Notes & Eurodollars), Currencies (US Dollar, Euro Currency Unit, Japanese Yen...), Energy & Petroleum (Crude Oil, Natural Gas, Heating Oil & Unleaded Gas), Grains (Soybeans, Corn & Wheat), Livestock (Live Cattle & Lean Hogs) and many other commodities (Sugar, Coffee, Cotton, Lumber, etc.). Eric Hadik also analyzes cycles that are drawn from and/or applied to the Bible, natural rhythms, Middle East geopolitics, earthquakes & volcanoes, climate change, solar activity, war & peace and many other extra-market studies.
As
seen on CNBC, heard on 'Inside Wall Street' &
seen in the Wall Street Journal, Investor's Business
Daily, Futures World News, etc... (more)
"Eric's
timing signals have been superb... one of the best
kept secrets of our industry." Host of weekly show:
'Inside Wall Street' (more)
"...you
called with great accuracy the events of the past
few days"
CNBC Correspondent
-- 10/29/97
(Re: Historic DJIA moves) (more)
Stock Indices Signal Multi-Week Top in Late-March 2-4 Week Correction Likely
03/29/12 INSIIDE Track: "The 'opening range' of the 'Natural Year' is underway... and it began with a bang, literally (including a pair of 7.0+ earthquakes). I have described this phenomenon multiple times - over the past 10-15 years - and explained how it sets the tone for the next 11 months. In short, the 'Natural Year' begins with the Vernal Equinox and the start of Spring... when life returns to the Northern Hemisphere. This transition took place on March 20th/21st... and ushers in a 30-day period - culminating with the Date of Infamy on April 19/20th.
This period is monitored each year, but there are times when corroborating cycles create a greater synergy... and scream for attention. 2012 is one of those times...
...Stock Indices remain positive and on track for an overall advance into 3Q 2012. They completed their projected advance - from cycle lows in early-October....
The other interesting aspect of this is again linked to the NQ - the leader of this rally. It bottomed earliest - in Nov. 2008 and again in Aug. 2011 - and topped latest, in July 2011. It has multiple cycles aligning in the current week - March 26--30th - including a 22-week high-high cycle (following an 11-week rally) and an overall 33-week advance from August 2011. This is exactly 1/2 of the 66-week cycle that has spanned the lows in the DJIA & SP.
On a near-term basis, the NQM was expected to test 2770--2779 before topping. This just took place - on March 26--28th - and completed a 4-month/12-degree swing between the July 25/26th peak and the Nov. 25th low. It has neutralized its daily uptrend and could reverse it down on April 2nd.
Yet again, this reinforces the rationale for using price action as the ultimate filter and for the actual signal trigger. So far, the DJIA is the only Index to have given a reversal signal. The accompanying charts highlight two important time frames coming into play in the coming months...."
More Important Cycles Arrive Later in 2Q 2012; See April 2012 INSIIDETrack for specifics and corresponding charts!
Gold & Silver Consolidating Late-April = Next Cycle Peak
03/29/12 INSIIDE Track: "...Gold & Silver remain below the highs set in August 2011 - a major cycle that represented a 40-Year period of testing from when the U.S. shut the Gold window in August 1971. Gold set its highest close on August 22, 2011, which also fulfilled - at least initially - the 5-10 year outlook for a major peak in 2011 - 12 years (.618) from its 19-Year Cycle of Time low of July/August 1999.
Since that time, Gold & Silver have consolidated after an initial sharp drop when Silver reached its 3--6 month downside target (2630.0/SI) and 6-12 month support. This range - between the late-August highs and late-December lows - should continue to contain Gold & Silver for the foreseeable future... Looking ahead a little farther, they have another important cycle - the next phase of an approximate 90-degree (12--13 week) low-low-low-low CycleProgression - in late-June 2012.
On a more near-term basis, another high is expected in late-April - the convergence of multiple cycles, including a 60-degree low-high-high CycleProgression. If this turns out to be a lower high, it would project a drop into the late-June cycle...."
2-3 Week Advance Could Take Hold by/on April 4--6th
Energy Markets Setting Peaks Drop into Early-April Likely
03/29/12 INSIIDE Track: "Crude Oil, Unleaded Gas & Heating Oil remain above their October lows - the latest phase of a 17-month low-low-low CycleProgression that connects the Dec. 2008 & May 2010 lows. This projects focus forward - on to March 2013 - for the next turning point in this series (most likely, another low). In the interim, the Energy markets almost perfectly fulfilled the 3-6 month outlook for an advance into early-March 2012 (from their early-October 2011 cycle lows). Unleaded Gas has stretched its rally beyond then, but has failed to follow-through on any rallies above its March 1st high.
There is the likelihood for a quick pullback into April 2--6th - 180 degrees from the early-October bottom. This could be followed by a rally into late-April, when diverse daily & weekly cycles converge. Before delving into that shorter-term analysis, it is important to review the 3-6 month analysis...
Various cycles align in March--May 2012 and have been projected to usher in a top. However, one of the more consistent was/is an 11-month low (Aug. '07)--high (July '08)--high (June '09)--high (May '10)--high (April '11) CycleProgression - that came back into play in March 2012 - and was expected to produce a peak. This took hold on March 1, 2012!
A peak in March 2012 would also take hold if Unleaded Gas rallied for 50% (15 weeks) of the time it previously declined (30 weeks)... and if Heating Oil extended a 48-week high-high-(high) CycleProgression, an 11-week low-low-(high) CycleProgression and a 16-week (ranging from 15-17 weeks) high-high-low-high-high-high-(high) CycleSequence.
All of these culminated on March 5--9, 2012 (+ or - 1 week), when an important top was deemed likely. The accompanying weekly chart of Crude Oil corroborates this. It illustrates the 10--11-week cycle (that was also influencing Heating Oil and Unleaded Gas) that came back into play on February 27--March 9th, reinforcing projections for a peak.
This cycle next comes into play on xx xx, xxxx and could pinpoint another - potentially lower - high in Crude Oil. This could represent a higher high in Unleaded Gas and a lower high in Heating Oil. It is interesting that this cycle is in lockstep with the 11, 22 & 44-week cycles described in Stock Indices."
April 2012 INSIIDE Track Details Future Cycles When Critical Turning Point Expected!
Bonds Reinforcing Major Cycle Peak! Mid-March = Next Key Time Frame
02/29/12 INSIIDE Track: "Bonds & Notes have slightly diverged since peaking in mid-December 2011... but both remain below their late-January highs. Bonds have begun to turn their weekly 21MAC down, an important indicator in confirming a potential multi-month peak. They do, however, need to give a weekly close below 140-00/USM to confirm this reversal.
...This, if it occurs, would be the first (or second) step in a developing decline. The first downside price target would be the late-October lows - the respective '4th waves of lesser degree'. From a timing perspective, there are two periods that should be monitored closely...
The first is in mid-March. Since mid-March 2011, Bonds have traced out a 13-14 week high-high-high-high CycleProgression, with the latest peak being in mid-December. This projects focus to the week of March 19--23rd (and possibly March 26--30th). If Bonds & Notes trigger the weekly sell signals just described, it would project a drop into March 19--23rd.
That would also represent a 90-degree/day move from the December 19th peak and a 180-degree/day move from the September 23rd peak. In addition, it could represent a 6-month decline - mirroring the move previously seen in August 2010--February 2011. Looking out a little farther, there are multiple cycles lining up in June 2012... when a more significant bottom is possible.
…Bonds & Notes have fulfilled major and intermediate upside targets - in time and price - and these advances are now living on borrowed time. 3-6 month & 6-12 month traders and investors should be exiting the long side of these markets and beginning to take on short positions, particularly in Bonds, risking two successive weekly closes above the December 2011 highs." FUTURES TRADING INVOLVES SUBSTANTIAL RISK!
Bonds Need to Confirm Recent Sell Signals
Stock Indices Confirm October & December Cycle Lows! Early-February 2012 Could Time Important Peak
01/31/12 INSIIDE Track: "Stock Indices reinforced the uncanny reliability of the 11-Week Cycle as they surged from their projected December 19--23rd lows... The Dec. 19th low created an 11-week high-high-high-low-low-(?) CycleProgression that corroborates an existing 22-week low-low-low-low-high-low-(high?) CycleSequence and a 44-week low-high-(high?) CycleProgression - all aligning on March 5--9, 2012, the 3-year anniversary of the March 6/9, 2009 major low. The Dec. 19th low was also the midpoint of the most consistent cycle throughout the past 5 years - the 14--15 Week Cycle. This particular example is a newer, 14--15 Week Cycle that is developing between the highs (late-July & late-October ...it comes back into play in early-February).
...it is a good time to step back and take a look at a slightly larger-degree cycle... that comes into play later this year. As explained before, the Indices perpetuated an important, 15.5--16 month cycle when they bottomed in early-October 2011. Consequently, they are considered to be in positive trends until a weekly close below their October 3/4th lows.
Aside from fulfilling cycle projections, the early-October 2011 bottom also fulfilled a textbook pattern with the monthly trend pattern (going from up to neutral and then bottoming right before being able to turn down) and triggered a monthly 2CloseReversal buy signal. This projected a rally back to (at least) 12,876/DJIA. As time goes on, I believe those October 2011 lows will be a critical filter - and/or breakdown point - for the current bull market.
...there is the potential for back-to-back advances - of similar duration - if the Nasdaq 100 sets a multi-year peak in 2012... ideally after xxxxxx." [Current analysis reserved for subscribers only.]
Stock Indices Could Fulfill Multi-Year Objectives (Later) in 2012; See February 2012 INSIIDETrack for specific times and corresponding charts!
Bonds Reinforcing Mid-December Cycle Peak! Multi-Year Upside (Price & Time) Objectives Met on Dec. 16, 2011
01/31/12 INSIIDE Track: "Bonds & Notes have slightly diverged since peaking in mid-December 2011. At that time, Bonds created a double-top with their late-September peak. Notes spiked to new highs. Since then, Notes have again rallied to new highs while Bonds remain shy of their mid-December peak.
This latest rally has pushed Notes beyond the ideal time for a multi-month peak... but not eliminated the potential for one... Bonds & Notes have fulfilled major and intermediate upside targets - in time and price - and these advances are now living on borrowed time. It would, however, take weekly closes below 141-10/USH & 130-03/TYH to give the first signs that multi-month peaks are taking hold in Bonds & Notes.
3-6 month & 6-12 month traders and investors should be exiting the long side of these markets and beginning to take on short positions, particularly in Bonds, risking two successive weekly closes above the December 2011 highs." FUTURES TRADING INVOLVES SUBSTANTIAL RISK!
Bonds Trigger First Long-Term Sell Signal in Years! Sharp Drop Expected in Coming Months
Gold & Silver Confirming Late-December Cycle Low. August 2011 Gold High Remains Critical Peak
01/31/12 INSIIDE Track: "Gold & Silver remain below the highs set in August 2011 - a major cycle that represented a 40-Year period of testing from when the U.S. slammed shut the Gold window in August 1971. Gold set its highest close on August 22, 2011, which also fulfilled - at least initially - the 5-10 year outlook for a major peak in 2011 - 12 years (.618) from its 19-Year Cycle of Time low of July/August 1999.
Since that time, Gold & Silver have consolidated after an initial sharp drop - at which time Silver reached its 3--6 month downside target (2630.0/SI) and 6-12 month support. They fell into late-December and spiked to new lows while completing a 3-month/90-degree low-low-low CycleProgression and a 9-week high-high-low CycleProgression.
This retest of support created a longer-lasting bottom... confirmed by Gold & Silver turning their intra-year trends up, which could extend this consolidation for at least a couple more months. The 9-week cycle comes back into play on February 27--March 2, when subsequent lows are expected. The levels of these lows should help mold what to expect into mid-year. One other factor might shed some related clues..."
2012 Could Hold Multiple Surprises for Precious Metals Traders
Bonds & Notes Confirm Mid-December Cycle Peak! MAJOR, Multi-Year High Could Be in the Making
01/03/12 INSIIDE Track: "Bonds & Notes completed their projected advance into a strong convergence of cycles and wave projections in December 2011 - when an important top was expected. A peak in December 2011 would come on the 3-year anniversary (one of the most consistent, longer-term cycles in Bonds & Notes) of the December 2008 peak and would complete a 10-month low-low-(high) CycleProgression.
By rallying into December 16/19th, Notes completed back-to-back major rallies of equal duration (30 months each) and back-to-back intermediate rallies of equal duration (44 weeks each). Bonds & Notes peaked during the latest phase of the 6-week & 12-week CycleProgressions that pinpointed the September 19--23rd peaks. And all of this came after Bonds & Notes had reached their 2+-year, primary upside price objectives - at 142-31/US & 130-25/TY.
The bottom line is that Bonds & Notes have fulfilled major and intermediate upside targets - in time and price - and these advances are now living on borrowed time. Weekly closes below 140-25/USH & 129-21/TYH would be the first signs that multi-month - and possibly multi-year - peaks are taking hold in Bonds & Notes. This would signal that longer-term interest rates are about to begin heading higher."
Long-Term Interest Rates Poised to Move Higher in 2012!
Stock Indices Confirm October 3--7th Cycle Low;
Nasdaq 100 Leading Way into Projected early-November Peak!
10/12/11 Weekly Re-Lay Alert: "Stock Indices have rallied sharply after perfectly fulfilling the intermediate outlook for a drop from July 22nd into October 3--7th... The NQZ set this low without turning its weekly trend down, creating the likelihood for a quick rally back to 2428/NQZ. A weekly close above 2313/NQZ would confirm this scenario. If these Indices neutralize their intra-year downtrends (the DJIA needs to give a weekly close above 11,577 to accomplish this), it could spur a rebound into early-November..."
10/15/11 Weekly Re-Lay: "StockIndices precisely fulfilled the 2-3 month outlook - for an intermediate peak on July 18--22, 2011 followed by a sharp drop into Oct. 3--7, 2011... Stock Indices validated this scenario by spiking to new multi-month and/or intra-year lows on Oct. 3/4th and giving weekly 2CloseReversals higher (DJIA & SPZ) on Oct. 7th. In order to provide the next level of confirmation, the NQZ needed to continue advancing and close above 2313/NQZ - while the DJIA closes above 11,577 - on Oct. 14th. This just took place."
Pullback Low Expected on October 19/20th... Followed by New Surge. November 2011 = Unique Parallels to November 2007!
08/31/11 INSIIDE Track: "Gold & Silver have just passed through what could be the most cyclically-significant period in many years. As stated last month... August 2011 is a 40-Year period of testing from when the U.S. slammed shut the Gold window in August 5--15, 1971. August 2011 - 40 years later - could be the time when the Dollar/Gold relationship sees a sharp turnabout... at least for the next year... Not only is this time frame the culmination of a 40-year cycle, it is also the most important point within Gold's current 19-year cycle. This cycle was described in 1998 & 1999 when forecasting a major, multi-year low for Gold in 1999 - 19 years from its 1980 peak.
As explained then (in INSIIDETrack & Cycle of Time Reports), Gold was expected to enter a major bull market that should last for at least .618 (12 years) of the next 19-year cycle. 2011 is that 12th year!
In synch with this 12-year cycle, Gold previously bottomed in July/August 1999 - setting a double-bottom during those months. So, August 2011 was exactly 12 years from the start of Gold's bull market.
Gold & Silver remain divergent, with Silver only rebounding about .618 of its May 2011 decline. So, as of now, the early-May 2011 peak remains the highest level that Silver has attained - a peak that was set during a very consistent 37-month cycle. 3-6 month, 6-12 month and even 1-2 year traders & investors should begin to lighten up on long positions in Gold & Silver, looking for a sharp correction in the coming months." FUTURES TRADING INVOLVES SUBSTANTIAL RISK!
7, 12, 19 & 40-Year Cycles Converge in August 2011!
Gold Approaching MAJOR, 40-Year Cycle Crescendo 6-12 Month Peak Expected; Watershed Time for Gold
07/29/11 INSIIDE Track: "Long-term uptrends in Gold & Silver remain intact and are still supporting prices. A major top is expected in 2011 and could trigger a 6-12 month or even 1-2 year correction... Gold & Silver rallied into the latest convergence of intermediate cycles on July 18--29, 2011. This creates a high 180 degrees from the late-January low, 360 degrees from the late-July 2010 low & 540 degrees from the early-2010 bottom. These three lows created a 25-26 week low-low-low-(high) CycleProgression that came into play on July 18--29, 2011.
...This kind of divergence is indicative of a more convincing peak in the making. And, it comes at - cyclically-speaking - the ideal time. However, this is based on a much larger cycle that I have been watching - and discussing - for over a decade... It is a 40-Year 'period of testing' from when the U.S. slammed shut the Gold window in August 5--15, 1971. August 5--15, 2011 is 40 years later and could be the time when the Dollar/Gold relationship sees another sharp turnabout... at least for the next year. I am NOT projecting anything similar to August 1971 (at least not in the coming year). However, August 2011 could provide another dramatic reversal in this Dollar/Gold relationship.
3-6 month, 6-12 month and even 1-2 year traders & investors should begin to lighten up on long positions in Gold & Silver, looking for a sharp correction in the coming months.." FUTURES TRADING INVOLVES SUBSTANTIAL RISK!
Stock Indices Poised for 2nd Drop
Sell-off Should Take Hold by May 3rd!
04/28/12 Weekly Re-Lay:
"Stock Indices reinforced their current consolidation but rebounded farther than what was expected. Another decline is possible. If so, it should begin by May 3rd... StockIndices remain in the midst of an intermediate correction that is expected to see another leg down... The Nasdaq 100 did spike to a new 6-week low and perpetuate the 29-Week Cycle - which now connects the lows of Feb. 2010, August 2010, March 2011, October 2011 & April 2012. There is, however, a decent chance that this low could be retested or violated in the month of May.
As stated before, there remains the potential for a final low - or a double-bottom - to wait until late-May to take hold. The week of May 21--25th represents a 180-degree move from the November 25th low and a 33-week low-low cycle (the midpoint of the 66-week cycle that has divided each of the last 3 multi-quarter bottoms) from the October 3rd/4th, 2011 lows.
...The DJIA has a 10-12 trading-day low-high-high-high-(high) CycleProgression that comes into play on May 2--4th and could time a new high. A corresponding 15 calendar-day high-high-(high) CycleProgression - April 2nd--April 17th highs - comes into play on May 2nd and could provide a top on the 1-year anniversary (360-degree cycle) of the May 2, 2011 peaks in the DJIA & SP... May 2nd is more likely to be an intervening high... before another leg down."
Stock Indices Reversing Lower
Drop into April 23--27th Likely
04/07/12 Weekly Re-Lay: "StockIndices reversed lower, right after spiking up to near-term targets... Since July 2009 - the secondary low following the March 2009 bottom - the DJIA has set an intermediate low every 29-30 weeks, with only one of these being 30 weeks. This included subsequent lows in February 2010, August 2010, March 2011 and October 2011... Since February 2010, each of these lows have occurred precisely at 29 weeks. The next phase of this cycle comes into play on April 23--27th... when another low is expected...
...Stock Indices have experienced 3 intermediate declines since July 2011. The first lasted 32 days, the second was 34 days and the most recent - in November - was 29 days. A similar decline - from the March 27th peaks - would project a bottom on April 25--30th."
Gold & Silver Dropping
2nd Decline Expected in Coming Week!
03/10/12 Weekly Re-Lay:
"Gold & Silver remain on track for an overall correction into late-March...Since the peak, both dropped below their '4th wave of lesser degree' support (1706.4/GCJ & 3271.5/SIK), though Silver never closed below it. They tested weekly & monthly support, which was expected to spur a rebound.
This bounce has taken hold and is likely to peak in the coming week, before yielding a second decline into late-March, 90-degrees/13-weeks from the late-December low. This is due to multiple factors, including: 1 - Mid-point between Feb. 29th high and March 28--30th cycle low (potentially creating a 2-week high-high-low Cycle Progression). 2 - Weekly 21 MAC in Gold, which is poised to flatten and possibly turn down in the coming 1-2 weeks. 3 - Intra-month trends that initially turned down but have since turned neutral.
4 - Daily trends that turned down and remain down. This would allow for an additional 2-3 days of upside without turning these trends back up."
Gold & Silver Confirming Top
Projected Drop - into late-March - Underway
03/07/12 Weekly Re-Lay Alert:
"Gold & Silver turned their daily & intra-month trends down, confirming their peaks - set within days of the ideal cycle scenario and in synch with the weekly LHR pattern and Silver's weekly trend pattern.
This is still expected to yield a low in late-March, 90-degrees/13-weeks from the late-December low, but the 'degree' of that low is yet to be determined."
Gold & Silver Signal Top
Sharp Drop - into late-March - Projected!
03/03/12 Weekly Re-Lay:
"Gold & Silver set their peaks a few days earlier than the ideal cycle scenario, but in line with the weekly LHR pattern and in synch with Silver's weekly trend pattern.
...From an Elliott Wave perspective, both metals completed '5th' wave rallies (of a 5-wave advance since the late-Dec. lows) - with Silver providing a textbook case of the '5' wave nearly equaling the '1' wave - in both time (2 weeks each) & magnitude (about 450.0 points each).
Since the peak, Gold has already dropped below its '4th wave of lesser degree' support (1706.4/GCJ) while Silver remains above its corresponding level (3271.5/SIK). This is still expected to yield a low in late-March, 90-degrees/13-weeks from the late-December low, but the 'degree' of that low is yet to be determined."
Bonds Trigger Sell Signal
Sharp Drop into February 9/10th Expected!
02/01/12 Weekly Re-Lay Alert:
"Bonds & Notes rallied to new recent highs, with Bonds testing and holding weekly resistance. They set their highs on January 31st - in line with short-term cycles - but need daily closes below 143-13/USH & 131-22/TYH to signal the onset of a new correction... Bonds & Notes are a prime example of markets that are trying repeatedly to spur a new advance, only to fail to generate follow-through each time. As a result, the weekly 21MAC is beginning to flatten and could abruptly turn down in as little as 1-2 weeks. If this occurs, it would likely signal a sharp sell-off as all these frustrated longs finally throw in the towel.
Bonds & Notes Poised for Reversal!
Bonds Could Trigger Sell Signal on Jan. 30/31st!
01/28/12 Weekly Re-Lay:
"Bonds & Notes rebounded in line with cycles that projected a bottom on January 20, 23rd or 24th... As explained before, however, the next intermediate low is likely to wait until Feb. 10th - the next phase of this 5-week/35-calendar day CycleProgression...
Bonds & Notes turned their daily & intra-month trends down and then rebounded. This is normal action following a trend reversal and it also fit perfectly with cycles projecting a bottom on January 23rd (+ or - 1 trading day)... This sets up January 30th as a decisive day in Notes (the 30th or 31st should be decisive for Bonds) - when a 1-2 week peak is probable. This dovetails with a short-term cycle (12-13 day low-low-high-high CycleProgression) in Bonds that also portends a peak on Jan. 30th.
Gold & Silver Strengthening;
Rally into late-January Likely
01/14/12 Weekly Re-Lay:
"Gold & Silver fulfilled intermediate projections for a drop into Dec. 27--30th, when a 3-month/90-degree low-low-(low) CycleProgression & a 9-week high-high-(low) CycleProgression in Silver converged. They tested key support levels - at that time - and have since rebounded.
One intriguing aspect about that low is the 3-month cycle. This has created lows in late-June, late-September and late-December 2011... and projects a subsequent low (since the latest two were descending lows) in late-March 2012.
From a price perspective, Gold & Silver reached key downside price objectives in late-Dec. and were/are not expected to drop significantly lower (than those lows) for at least a couple months... Gold remains in a daily & intra-month uptrend while Silver has neutralized both. The daily 21MACs are poised to turn up over the coming 1--3 days. This could spur another 1-2 week rally..."
01/11/12 Weekly Re-Lay Alert:
"Gold & Silver have rebounded since fulfilling intermediate projections for a drop into Dec. 27--30th, when a 3-month/90-degree low-low-(low?) CycleProgression & a 9-week high-high-(low?) CycleProgression in Silver converged.
They were expected to rally into January 10/11th, when an intervening high was most likely. They have fulfilled this but Silver just turned its daily & intra-month trends up while Gold is already in corresponding uptrends. As a result, price action is arguing for this rally to extend further."
01/07/12Weekly Re-Lay:
"Gold & Silver fulfilled intermediate projections for a drop into Dec. 27--30th, when a 3-month/90-degree low-low-(low?) CycleProgression & a 9-week high-high-(low?) CycleProgression in Silver converged. They tested key support levels - at that time - and then rebounded. Gold & Silver reached key 1-3 month downside price objectives for this drop (the Sept. 26th lows - at 1543.3/GCG & 2618.5/SIH) after reaching 6-12 month downside targets in late-September. This shows that important support is holding, increasing the potential for consolidation."
Gold & Silver Heading Lower;
Drop into Dec. 27--30th Likely!
12/17/11 Weekly Re-Lay:
"Gold & Silver dropped to new 6-week lows, increasing the potential that a 'c' wave decline is underway... By turning their intra-month trends down on Monday, they showed that the 1-2 week signals in Gold (from Nov. 21--25th) had run their course and would not be able to generate a retest of the early-November highs.
The 1-3 & 3-6 month bearish outlooks... were reinforced when Gold turned its weekly 21MAC down, the cause of the 'do-or-die' time frame in which it had recently entered (based on its weekly 21MAC). This could trigger a drop into Dec. 27--30th, when a 3-month/90-degree low-low-(low?) CycleProgression & a 9-week high-high-(low?) CycleProgression in Silver converge."
Stock Indices Poised for Surge
Precisely Fulfills Downside Objectives...
10/05/11 Weekly Re-Lay Alert: "Stock Indices have fulfilled the overall 2-3 month outlook - for an intermediate peak on July 18--22, 2011 followed by a sharp decline into October 3--7, 2011... an 11-week cycle, a 22-week cycle, a 44-week cycle & a 66-week cycle coming into play on October 3--7, 2011. And, there is also an 8-week low-low-low-(low) CycleProgression that is fulfilled with an October 3--7, 2011 low.
...Monday's low (close) also fulfilled multiple daily cycles, including a 9-10 trading day high-low-low-low-high-(low) CycleSequence in the NQZ and a 10-12 calendar day low-low-high-low-low-(low) CycleSequence in the SPZ. ...The potential for a new rally is reinforced by the weekly trend pattern in the NQZ..."
Nasdaq 100 Still Likely to Surge to 2428/NQZ;
DJIA Could Rally to 11,712--11,862!
Stock Indices Fulfilling Analysis
October 3--5th Low Likely
10/01/11 Weekly Re-Lay: "Stock Indices have nearly fulfilled the intermediate outlook for a drop from July 22nd into October 3--7th. An intermediate bottom could take hold in the coming week(s). If it is seen in the next 2-3 days, Stock Indices could see a sharp bounce into mid-month... One of the cycles that was pinpointing July 22nd for a peak was the 11-week (and related, 22-week) cycle, which comes back into play on October 3--7th. An intermediate low in the coming week (after a spike to new lows) is the 'ideal' scenario...
The daily trends are down in all three Indices as they drop into October 3rd. Not only is that the first day of a cyclically significant week, it is also the next phase of a 9-10 trading day high-low-low-low-high-(low) CycleSequence in the NQZ. And, October 3rd is also the next phase of a 10-12 calendar day low-low-high-low-low-(low) CycleSequence in the SPZ."
Sharp Bounce into October 14th Possible, if Low set by/on October 5th