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) bullish bias
Price= L1 Grid Frenzy (overbought) bullish bias
Stochastic= Frenzy (overbought) bullish bias
RSI Stochastic = Frenzy (overbought) bullish bias
181.59 0.76393 Resistance
151.78 0.61803 Transition
127.66 0.5 Support
Conclusion: RSI is at previous resistance level*Note price has stalled at the Level 1 Golden Ratio
Action: Hold
Period: Daily
Analysis
RSI=Frenzy (overbought) bearish bias.
RSI=Frenzy (overbought) bearish bias.
Price = Level 2 Grid Frenzy (overbought) bearish bias
Stochastic = Frenzy (overbought) bearish bias
Stochastic = Frenzy (overbought) bearish bias
RSI Stochastic = Frenzy (overbought) bearish bias
160.90 0.61803 Resistance
154.53 0.5 Transition Support / Resistance
148.15 0.38196 Support
Conclusion: *note please price stalled right at the L2 Resistance I have included a longer view chart observe that the RSI is oscillating on the 80% line if it fails to break above then this should be taken as a bearish sign to take profit or hedge.
Action: Hold
Market Stats
O $159.33
H $161.62
H $161.62
L $158.69
C $161.52
VOL 24,200,00
VOL 24,200,00
Point and Figure
Analysis: Spread Double Top Note * ok a higher high some more follow through is required
Conclusion : Bull target $157
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 Potential resistance
151.78 0.61803 Current Resistance/Support
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
Low 25.50 Low
Analysis: Normal (transition) Golden Ratio is over head
Conclusion: Golden ratio will act as strong resistance until over come
Level 2 Grid
High 181.53 High
176.66 0.90983
173.65 0.8541
168.78 0.76393
160.90 0.61803 Resistance
154.53 0.5 Current Resistance
148.15 0.38196 Support
140.27 0.23606
135.40 0.14589
132.39 0.09016
130.53 0.05572
Low 127.53 Low
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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