Sunday, June 9, 2013

MMM Weekend Update 6-9-13

Gold - The current ST and MT probabilities up or down look mixed at this time. For now the key pivot point is 1423.88, bullish above, bearish below.

I have done some recent time cycle and work and found some interesting measures.

The 21-22 month cycle has accounted for a few peak to peak spans. That same cycle is about to be hit again in June/July, this time as a potential peak to trough cycle.









June/July is a wide area of time. After sweeping for weekly time Fibos, the week starting July 14th and possibly 21st was hit with a few sweeps:









There is also a Full Moon on July 22nd. As we approach that July 14th and 21st weekly turn date window, I may be able to hone down the turn to a specific 3 day window after we get a little closer.


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Yen, Nikkei and SPX - Was the May 22nd top in equities easy to spot? I think so, here is how:

First, I posted this Ending Diagonal pattern back on April 28th:



On May 22 the topping process was deemed complete:



The pattern played out as expected:



The very night right after my May 22nd report to subscribers this happened in the Nikkei:



The SPX (S&P500) also posted a warning of a top and correction on May 22nd:



Using only the Elliot Wave theory and candlesticks, a significant top in USD/JPY and equity markets were able to be spotted and acted upon.

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All the best to you,
Quad G