If you're not strong you'd better be clever.
When you're fighting the paper monster, you better be clever.
The time window has closed on the C-wave advance. The duration of the run was a bit longer than the mean estimate, but it did not produce expected gains.
The relatively weak C-wave advance should produce a weaker D-wave decline since the energy within the tape is largely proportional. The DIWA1 column indicates the Gold Diffusion Index has at 77% has already exceeded the mean average of the previous waves. This high reading, like basketball players battling to maintain position for a rebound, reflects the intensity of flows before the next advance.
Will the Diffusion Index post a higher reading or a double spike, as price chops toward the projected mean of $983? Maybe the paper monster will have to be satisfied with $1,058. There’s huge support around $1025. Whatever it’s going to do, it better do it fast because time is watching and waiting.
Time is the most important indicator. When time is up the market must change trend. W.D. Gann.
The mean window for time is early May, which by no accident comes very close to the projected dates provided by Martin Armstrong.
Gold Waves Analysis:
Gold London P.M. Fixed and the Commercial Traders COT Futures and Options Gold Diffusion Index (DI):
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