Wyckoff 2.0 encourages the use of cycles to find the next trend (and this
is important) that have yet to start. We knew the media would be bleating about
the current stock sell off some months ago, now we believe the next news headline
will be gold stocks shoot to new highs.
Gold stocks go up when gold prices are up and stocks are not falling. We can
monitor this relationship by charting the XAU divided by gold prices.
First stocks..
The cycle on the SMALL cap stocks expects stocks to form a base in the next
few months. Sure that cycle bottom has not formed yet, so CRASH is not yet
off the table. But we are hoping that SP500 1100 holds and accumulation sets
in. The cycle on small caps is very significant and has been proven a winner
again.
The XAU divided by the Gold price. Shows that gold stocks are due for a burst.
Price action will be our guide. Quote from a dusty old gold prospecter..''The
is money in them their cycles"..
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