Wyckoff Long Wave Analysis
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
where we were .......
where we are now...
Analysis
RSI= Normal (transition) Bullish Bias
Price= L1 Grid Frenzy (overbought)
Stochastic=Normal (transition) Bullish Bias
RSI Stochastic = Solitude (oversold)
Level 1 Grid
1999.78 0.8541
1815.31 0.76393 Resistance
1516.84 0.61803 Support
Conclusion: Oversold with RSI holding in the Normal (transition) range this looks like a buying opportunity. GLD appears to be completing an reverse Head and Shoulder pattern as well as a downward triangle.
Action: Hold/Buy
where we were....
where we are now...
Analysis
RSI= Normal (transition)Bullish
Price = Level 2 Grid Frenzy (overbought)
Stochastic = Solitude (oversold) Bullish bias
RSI Stochastic = Solitude (oversold) Bullish bias
Conclusion: Gold is in transition stage as it works it's way through a Bearish reversal pattern
Action: Hold/Buy review Trailing Stops
Point and Figure
where we were....
where we are now.....
Market Stats
O $157.87
H $158.68
L $157.78
C $158.31
VOL 8,900,000
Analysis: Price remains stalled in a very tight range look for an uptrend in the next few weeks
Action: Hold/ review stops
Bullish Percent
where we were...
Bullish percent is signaling a major buying opportunity gentlemen start your engines!
where we are now
Long Wave position is Normal which is defined as transition and should be viewed as Bullish for Gold Miners
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 *hit
8/31/2011 50% Shorter than Ideal
9/17/2011 38.196% Shorter than Ideal *hit
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
Wall Cycle Bottom Projection
Start 1/7/2011
Date Fibonacci Ratios Status
8/24/2011 61.803% Shorter than Ideal
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 Grid
High
2184.24 0.94427
2113.79 0.90983
1999.78 0.8541
1815.31 0.76393 Resistance
1516.84 0.61803 Support
1275.38 0.5
1033.89 0.38196
735.42 0.23606
550.95 0.14589
436.94 0.09016
366.48 0.05572
Low Low
Level 2 Grid
Interactive Fibonacci Grid
High 1999.78
1972.86 0.94427
1956.23 0.90983
1929.31 0.8541
1885.77 0.76393
1815.31 0.61803
1758.31 0.5
1701.30 0.38196 Resistance
1630.84 0.23606 Support
1587.29 0.14589
1560.38 0.09016
1543.74 0.05572
Low 1516.84
Bradly Siderograph for S&P 500
Major Turns
16 /3 2012
12/ 6 2012
28/7 2012
22/12 2012
Justice, being violated, destroys; justice, being preserved, preserves: therefore, justice must not be violated, lest violated justice destroy us."
~ Manusmriti, 1200 BC
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~ Michael Ellner
Mohandas Karamachand Gandhi, one of the most influential figures in modern social and political activism, considered these traits to be the most spiritually perilous to humanity. "Seven Social Sins * Politics without Principle * Wealth Without Work * Pleasure Without Conscience * Knowledge without Character * Commerce without Morality * Science without Humanity * Worship without Sacrifice" This is the 8th sin by Arun Gandhi. * "Rights Without Responsibility" ~ Mohandas Karamachand Gandhi (1925) Young India
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