Loading ...Some TA still works – perhaps as much as ever – it has always been difficult to interpret and not consistent. So whether the market is more manipulated now than usual I cannot prove nor disprove. As long as some TA works (and I mean by that that money is made not lost) I will continue.
I always suspected that Sinclair’s angels were some fib progression. He could still be right though his timing was clearly wrong.
I have no plan to follow BoPo even should he turn out to be correct this time – I like doing my own work. I just became interested in a few things he said. He is using his 7 year gold cycle to come up with a low in 2014 off the 2000 low. If you use the more usual 8 year of course we wait until 2016 or so. But cycles are irregular and and 14 years is possible. And as I said the silver cycles seem to have a bottom yet to come. I could not tell what cycles he uses for silver – but I use the 5 and 10 year cycles which seem to be dominant.
aurum