• 23 hours How Taxpayers Are Bankrolling The EV Revolution
  • 2 days The Coronavirus Is Crushing China’s Car Market
  • 3 days Fighting For Survival In The Streaming War
  • 4 days Want A Job? Forget About A Bachelor’s Degree
  • 4 days Another Major Car Maker Is Backing Hydrogen
  • 5 days Are Americans Finally Sold On Soccer?
  • 5 days Is The Tech Bubble About To Burst?
  • 6 days Coronavirus Could Cost Tourism Industry $80 Billion
  • 6 days What Web Traffic Trends Can Tell Us About The World
  • 6 days Miners Face Greater Headwinds
  • 7 days Boris Johnson Proposes Billion Dollar Bridge To Northern Ireland
  • 8 days Goldman Slashes Oil Price Forecast By $10
  • 9 days Tesla Raises $2 Billion In Share Selloff
  • 10 days What The T-Mobile Takeover Of Sprint Really Means For Markets
  • 10 days The U.S. Has Charged Huawei With Racketeering And Conspiracy
  • 10 days How Hydrogen Could Become The Fuel Of The Future
  • 11 days Millennials Can’t Retire, But They’ll Still Have To Help Their Parents
  • 11 days This Gold Miner Just Increased Its Dividends By 40%
  • 11 days Airbnb IPO Under Threat As China's Economy Drags
  • 12 days The Infamous Equifax Hack Just Became A National Security Issue
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

  1. Home
  2. Markets
  3. Other

Market Harmonics of the HUI, S&P and USD Index

Market Harmonics
Just as all creatures have different circadian rythmns....so does each market. The stochastic settings for each index are Fibonacci number based, I find indices fascinating, because they will give the quick ability to determine which sectors will be hot and what will not. The stochastic oscillator used in the charts below is the full stochastic setting. The first number (ie 89,21,55) 89 represents the number of periods used to create the stochastic. The second number %K (second value)is a moving average of the original stochastic. The %D is a moving average of the %K. Look for the %K (faster moving line) to do one full oscillation between the two channel lines. This gives clearer signals for tops or bottoms. The stochastics are a bit "IFFY" for calling bottoms, but works like a charm for calling tops. The green lines mark the market tops, and the red lines mark the market bottoms.

The chart below shows the USD Index. Most people are anticipating the USD to bottom in the next week or so. Look at what the stocs suggest. The bottom is probably 2 months away at a minimum.

The chart below shows the HUI. The HUI gave a buy signal two weeks ago The advance suggested here is about 3-4 months remaining, or around mid-September to early October.

The next chart shows the S&P nearly has a sell signal upon us. Again, the bottoms, especially in early 2001 were not very reliable. However, the tops were a near perfect match with the settings.

Elliott Wave on Gold itself is Difficult
The gold market is so manipulated, that to try and throw an accurate Elliott Wave count upon it is fruitless. The "thing" that has most e-wavers going nuts is we are all expecting a downward wave to finish the correction. The HUI is in an uptrend and is very bullish, just so people do not mis-interpret the next statement. Based upon the wave pattern, the move up is either impulsive or corrective......the way the final wave pattern develops in length, time, velocity, wave structure and intricacy will determine which it is. If it is a corrective wave, then the move down could retrace the pattern advance from 2001 by 38.2% to 50% (120-140 if we go to 190-200 on this move) and this would be the bottom of the bear since 1980.....based purely on the wave structure. If this was the case, then it is rare for a wave structure to end so high above a low that was placed in. The move up in gold would be incredibly strong if this pattern was the one that develops....... actually the end results are far more bullish for the corrective wave scenario than if we were in the impulsive leg of a new bull market.

Best for everyone to look at the indices, commodity traders will have a totally different mentality and outlook than an individual trading the stock itself.

Back to homepage

Leave a comment

Leave a comment