Entries by Bob Loukas

Gold Just Needs More Time

February 23, 2015 in /by

The Gold market appears to be in reverse gear at present. It’s at fresh 6 week lows with a 2nd Daily Cycle that continues to wind lower, and is showing nothing that’s at all positive. Gold is trading very lethargically, and is uninteresting from most perspectives.

Cycle Chart Setup – Bonds

February 12, 2015 in /by

I doubt that’s what is occurring here, I still favor a standard Daily Cycle Low here that is likely to produce at least a powerful counter-trend rally. I say counter trend because the worst case scenario is that this coming Daily Cycle rally forms a double top before turning lower towards a true Investor Cycle Low. Regardless, a rally is forthcoming and we know in any bull market uptrend, the dips should be bought.

Crude’s Capitulation Phase

February 9, 2015 in /by

New Member Sale On Now-
After a long and relentless decline, the Crude market has finally enabled us to anchor its Cycles. Up until 2 weeks ago, Crude was locked in a clear crash Cycle, which made it impossible to expect anything other than a continuation of the crash. But now that Crude has reversed with a 20% rally, its moves are clearly the start of new Daily and Investor Cycles.

Based on the duration and the extreme nature of the recent Investor Cycle decline, Crude’s new-found strength is almost certainly the start of a new IC. It’s impossible to know whether the current upmove will be only a counter-trend bounce, but because this is the 1st Daily Cycle of a new IC, we should expect the current DC to be Right Translated.