Monday, November 28, 2016 5:03:20 AM
backtesting spot gold in 2006/2007....part 5
Now the chart picture needs to be recast in a reset of some sort. since the Elliott wave standards and the Fibonacci math that got the rally measured up to the 579 peak, has been shattered to the upside. and the pullback to the standard 450 area never happened...the new cycle has begun and left the old cycle far behind. The old cycle started with the 270 Bottom in 2001. Now I need to reset the chart picture and find where the new cycle Bottom needs to be placed.
and from there, to recalculate the Fibonacci math, from point to point,and see what Elliott waves might be found in the new picture.
What does it mean to reorient the vision to a reset ,a new chart picture of Spot Gold? what is so different now in 2007 from what Gold looked like in 2001. when it was bottoming at 270,after wallowing around 300 for a few years, after coming from the 90's and 80's... now gold enters the late 200's with a different frame of mind, as investors start believing that the world economic situation post 9-11, is not looking good, many analysts are explaining all about it, the stock market bubble continues into 2007, it all feels as phony as a 3 dollar bill, and gold and silver are waking up in ways that wasn't happening 6 years earlier. Maybe its around this time that the Cartel gets ready to start playing their Almighty manipulation game. But first, this bubble stock market needs to come Crashing down.
Now the chart picture needs to be recast in a reset of some sort. since the Elliott wave standards and the Fibonacci math that got the rally measured up to the 579 peak, has been shattered to the upside. and the pullback to the standard 450 area never happened...the new cycle has begun and left the old cycle far behind. The old cycle started with the 270 Bottom in 2001. Now I need to reset the chart picture and find where the new cycle Bottom needs to be placed.
and from there, to recalculate the Fibonacci math, from point to point,and see what Elliott waves might be found in the new picture.
What does it mean to reorient the vision to a reset ,a new chart picture of Spot Gold? what is so different now in 2007 from what Gold looked like in 2001. when it was bottoming at 270,after wallowing around 300 for a few years, after coming from the 90's and 80's... now gold enters the late 200's with a different frame of mind, as investors start believing that the world economic situation post 9-11, is not looking good, many analysts are explaining all about it, the stock market bubble continues into 2007, it all feels as phony as a 3 dollar bill, and gold and silver are waking up in ways that wasn't happening 6 years earlier. Maybe its around this time that the Cartel gets ready to start playing their Almighty manipulation game. But first, this bubble stock market needs to come Crashing down.
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