The 10/25/13 Weekend Report Preview

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The dollar has been in an intermediate cycle decline since mid-July printing 4 consecutive failed daily cycles.

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Friday was day 16 for the current dollar cycle. The dollar is 2 days shy of its normal timing band for printing a daily cycle low. A break above 79.32 forms a daily swing low. Then a break above the declining trend line signals a new daily cycle.

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You will notice that the 79 level has been a level of support for the dollar over the past 2 years. Also notice that the True Strength Indicator has hit a level where previous daily cycles were triggered. I think that its likely that we will see a low formed in the early part of the dollar’s timing band.

Stocks
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The daily equity cycle sits at a new all time high on day 12.

3 spx and The 10 25 13 Weekend Report Preview

The True Strength Indicator appears to have started to roll over and is forming a bearish divergence. A TSI bearish divergence signals an impending decline.

This is the third daily cycle of an aging intermediate cycle. Our cyclical expectation is for this daily cycle to form as a left translated cycle, failed daily cycle. Left translated equity cycles normally peak on or before day 20. Which means that we are on the look out for a daily swing high this week.

The entire Weekend Report can be found at Likesmoney Subscription Services

The Weekend Report discusses Dollar, Stocks, Gold, Miners, The CCI Index, & Bonds in terms of daily, weekly and yearly cycles.
Also included in the Weekend Report is the Likesmoney CycleTracker

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For subscribers: the full Weekend Report can be found at Likesmoney Subscription Services at http://likesmoney.wordpress.com/

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5 thoughts on “The 10/25/13 Weekend Report Preview

    • PT,

      Generally speaking, the Weekend Report Preview generally looks at the daily cycles for the dollar and stocks.

      The Weekend Report (for subscribers) discusses the Dollar, Stocks, Gold, Miners, The CCI Index, & Bonds in terms of daily, weekly and yearly cycles.

    • PT,

      One other point. With the recent cycle low in gold behind us, the only way my confidence in higher values will change would be with the failure of the current cycle.

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