-- Posted Friday, 1 February 2013 | | Disqus
By Gordon T. Long
Wondering when this delusional rally will end? Where is the top and when will it be in?
There is one technical topping tool that has proven very effective in answering this question with a fair degree of accuracy. It is the application of the uncommonly used Fibonacci Ellipse.
In last month's Trigger$ we predicted the January rally within what we believed to be the controlling Fibonacci Ellipse. Now we need to view what that Fibonacci Ellipses is telling us regarding what is ahead.
We are very close to a short term top, but we are not quite there yet. Traders need to understand that this short term top is not the Intermediate / Long Term top we have been calling for and still expect it to occur in the proximity of the March 15th Quadruple witch. Beware the Ides of March.
Our Macro Driver$ in this month's Trigger$ shows the Global ECO's are following a very clear cyclical pattern (illustration to the right), resonating from coordinated central bank actions.
We fully expect a near term scare in interest rates to ignite a correction but it will stay within our controlling ellipse before rising to a final top.
FIBONACCI SPIRALS
A MAJOR LONG TERM RIGHT SHOULDER FORMATION PATTERN
FIBONACCI TIME EXTENSIONS
Our original timing predictions (shown below) were based on our Fibonacci Time Extensions. This is a separate analysis from Fibonacci Ellipses but must 'plug' or we fail the test of symmetry which chaos and fractal theory dictate. We have a a very tight correlation that in turn matches fibonacci clusters and Bradley turn cycle dates.
THE 18 MONTH VIEW
Sign-Up for your FREE Issue of TRIGGER$ OR FREE 2 Week Charting Service Trial
To read more, go to GordonTLong.com
Gordon T Long
Publisher & Editor
general@GordonTLong.com
Gordon T Long is not a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. Of course, he recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and barring that you are encouraged to confirm the facts on your own before making important investment commitments.
© Copyright 2012 Gordon T Long. The information herein was obtained from sources which Mr. Long believes reliable, but he does not guarantee its accuracy. None of the information, advertisements, website links, or any opinions expressed constitutes a solicitation of the purchase or sale of any securities or commodities. Please note that Mr. Long may already have invested or may from time to time invest in securities that are recommended or otherwise covered on this website. Mr. Long does not intend to disclose the extent of any current holdings or future transactions with respect to any particular security. You should consider this possibility before investing in any security based upon statements and information contained in any report, post, comment or suggestions you receive from him.
-- Posted Friday, 1 February 2013 | Digg This Article
| Source: GoldSeek.com
