Based on the work of Charles M. Dow, Richard D. Wyckoff developed a comprehensive methodology of market analysis that remains tried, tested and true today. It has been improved and expanded on by Dr. Henry "Hank" O. Pruden of Golden Gate University (www.hankpruden.com).
Long Wave Dynamics is a methodology based on the work of P. Q. Wall. improved and expanded on by David Knox Barker. (www.longwavedynamics.com)
"3 Non Correlated Methods” Analysis is a methodology based on the work of Constance Browne. (www.aeroinvest.com)
Below is my offering which I have named "Wyckoff Long Wave Analysis" which is a synthesis of the various disciplines who's strengths I feel compliment each other and as a tribute to their creators.
Signal Indicators: Emotional Ranges are generated by Ratio Positions on the Fibonacci Grid
Fibonacci Ratios: Solitude range=0 -.382 / Normal range= .382 - .618 / Frenzy range= .618 - 1.00
Symbol: GLD
Period: Weekly
Analysis
RSI=Frenzy (overbought) bearish
Price= L1 Grid Frenzy (overbought) bearish
Stochastic= Frenzy (overbought) bearish although stochastic has turned up which is bullish for now
RSI Stochastic = Normal (transition) bullish
Level 1 Resistance: $151.78 .618
Level 1 Support: $127.66
Conclusion: Golden Ratio over head should present some challenge's
Action: Hold
Period: Daily
Analysis
RSI= Normal (transition)
Price = Level 2 Grid Frenzy (overbought)
Stochastic = Normal (transition)
RSI Stochastic = Normal (transition)
Level 2 Resistance: $149.60
Level 2 Support: $146.08
Conclusion: critical day tomorrow
Action: Hold
Market Stats
O148.47 H 149.35 L 148.29 C 149.15 V 9,4000,000
Point and Figure
Analysis: same as before I don't like this chart and it is not accurate or up to date
Conclusion : grinding out a triangle or flag
Action: Hold
Cycle Projections and Interactive Fibonacci Grids are generated and courtesy of David Knox Barker and Long Wave Dynamics.
Wall Cycle Top Projection
Start: 6/22/2011
Date Fibonacci Ratio Status
8/15/2011 61.803% Shorter than Ideal
8/31/2011 50% Shorter than Ideal
9/17/2011 38.196% Shorter than Ideal
10/8/2011 23.606% Shorter than Ideal
10/21/2011 14.589% Shorter than Ideal
10/29/2011 9.016% Shorter than Ideal
11/2/2011 5.572% Shorter than Ideal
11/10/2011 0% IDEAL TARGET
11/18/2011 5.572% Longer than Ideal
11/23/2011 9.016% Longer than Ideal
12/1/2011 14.589% Longer than Ideal
12/14/2011 23.606% Longer than Ideal
1/4/2012 38.196% Longer than Ideal
1/20/2012 50% Longer than Ideal
2/6/2012 61.803% Longer than Ideal
3/31/2012 100% Longer than Ideal
6/27/2012 161.803% Longer than Ideal
Start 1/7/2011
Date Fibonacci Ratios Status
9/9/2011 50% Shorter than Ideal
9/26/2011 38.196% Shorter than Ideal
10/17/2011 23.606% Shorter than Ideal
10/30/2011 14.589% Shorter than Ideal
11/7/2011 9.016% Shorter than Ideal
11/11/2011 5.572% Shorter than Ideal
11/19/2011 0% IDEAL TARGET
11/27/2011 5.572% Longer than Ideal
12/2/2011 9.016% Longer than Ideal
12/10/2011 14.589% Longer than Ideal
12/23/2011 23.606% Longer than Ideal
1/13/2012 38.196% Longer than Ideal
1/29/2012 50% Longer than Ideal
2/15/2012 61.803% Longer than Ideal
4/9/2012 100% Longer than Ideal
7/6/2012 161.803% Longer than Ideal
Interactive Fibonacci Grid Price Projections
Level 1 GridHigh 229.83 High
211.40 0.90983
200.01 0.8541
181.59 0.76393
151.78 0.61803 Resistance
127.66 0.5 Support
103.54 0.38196
73.73 0.23606
55.30 0.14589
43.92 0.09016
36.88 0.05572
Analysis: Normal (transition) Golden Ratio is over head
Conclusion: Golden ratio should act as strong resistance until over come
Action: Hold
Level 2 Grid
High 151.78 High
149.60 0.90983 Resistance
148.26 0.8541
146.08 0.76393 Support
142.56 0.61803
139.72 0.5
136.87 0.38196
133.35 0.23606
131.17 0.14589
129.83 0.09016
129.00 0.05572
Low 127.66 Low
Analysis:Frenzy (overbought) bearish
Conclusion: some side ways action to build a base to launch an assault on the Golden Ratio would be helpful
Action: Hold
Bradly Siderograph for S&P 500
Major Turns
Feb 17 2011
July 29 2011
Dec 28 2011
Minor Turns
1/6/11
2/3/11
6/15/11 * near miss 6/17/11 up
6/22/11 * Hit down
8/20/11
8/30/11
9/26/11
10/12/11
10/28/11
11/22/11
11/23/11
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