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I forgot to comment on the XAU impulse prediction. XAU fell over 12.5% yesterday.
From: plieber@xxxxxxxxxxxxxx To: realtraders@xxxxxxxxxxxxxxx Subject: Just for the Heck of It Date: Tue, 25 Nov 2008 23:58:37 -0500
I applied cycle analysis to an SP-500 - 60-minute chart and got a few hits for 2:30 p.m. on Monday. December 1. By the way I'm getting hits for this Friday (11/28) for the QQQQ and the NASDAQ-100 (NDX), though not for NASDAQ Composite. Though I'm not getting any daily hits for the SP-500 & DJIA, I applied cycle analysis to thier UltraLong ETF's (SSO and DDM). I reasoned because they are more volatile that they they tend to magnify smaller cycles in the underlying index. Sure enough they both yielded the same impulse day - 12/11.
Also, look for big happenings for the currencies, silver, and oil for next week. Here are the following impulse dates for these ETF's:
US Dollar Index (DXY)- 12/02 Yen (FXY) - 12/01 Oil (USO) - 12/2 Silver (SLV) - 12/4
Note: I get a hit for the Gold Miners ETF (XAU) for the 12/1, but for Gold itself (GLD) not until 12/12.
Pete
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