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The next ICL


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#1 robo

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Posted 17 February 2019 - 04:28 PM

Waitng to see how it plays out....  I use cycles and sentiment for trading.

 

Starting with the next Gold Investor Cycle Low, probably late March, I suspect precious metals miners start their next substantial run. One of the depressing sectors for years, but when they get hot there are few sectors that fire like gold miners. $GDX $GDXJ $NUGT $JNUG

 

https://twitter.com/...remium-reports/


Edited by robo, 17 February 2019 - 04:29 PM.

“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side”   Jesse L. Livermore


#2 dougie

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Posted 18 February 2019 - 12:51 AM

wonder why he has a late march low?



#3 robo

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Posted 18 February 2019 - 01:19 PM

wonder why he has a late march low?

Using the weekly data it's just a guess based on the length of a move down into an ICL.   We shall see how it plays out....

 

So how many weeks will it take to complete the next ICL? His guess is about 5 weeks, and I don't make guesses Brother.

 

Good Trading and the cycle data is on my chart.

 

https://stockcharts....57c&a=646905132


Edited by robo, 18 February 2019 - 01:20 PM.

“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side”   Jesse L. Livermore


#4 gannman

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Posted 18 February 2019 - 03:23 PM

we have been going up since mid november if we top out this coming week or next then

 

that would give us about a month to late march for a pullback before another leg up

 

sounds about right fwiw. 


feeling mellow with the yellow metal


#5 Smithy

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Posted 18 February 2019 - 03:33 PM

Late March is the supposed 6 month gold cycle low according to Thorson. It's a crap shoot.



#6 dougie

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Posted 18 February 2019 - 06:36 PM

it is indeed!

Some things are looking positive here.