Thursday, October 24, 2019

Oct 25 gdx

good luck gold bugs



Oct 25 2019 outlook

CHART IS 2 YEARS.  PRICE BARS ARE WEEKLY. 
HALF CIRCLES OVERLAID TO SHOW 3  MAJOR NESTS.


GL TRADERS


Saturday, October 12, 2019

Oct 14, 2019 outlook

Late December 2018 (year end) a 9 month cycle beginning low was set.  Mid to late May a mid point high  ( 4 1/2 months from low late Dec) was reached. Mid May to early Oct is 4+ months (completing the 9 month cycle).  

Note: cycle lengths are rarely exact  and the 9 month cycle should be 40+ weeks (9 months is 39 weeks - 1  week longer than  9 months).  Over time the average for the 9 month cycle is close to 9 months  and we need to allow for this.


Good luck traders