Watch for the .250 nodes..one of the three, (sometimes two of the three) could be playable...further out, the .500 node will, according to standard practice, probably produce an even better opportunity...
Notice the bottom chart shows a bottom at precisely a .125 node (1/8). Yes I don't talk about 1/8 nodes and I usually don't play them, but they are just another "power of 2" event, counting backward towards the present from the final 1.00 node.... (i.e., 1.00, 1/2, 1/4, 1/8, even 1/16)
When would GOLD bottom? Probably not at any of the 1.00 nodes, as those dates are too far out, timewise... More likey candidates are the .250 and .500 nodes. When are they?
They are as follows:
.250 (1.272) 04/29/09
.250 (average) 07/09/09
.250 (1.382) 10/20/09
.500 (1.272) 11/15/10
.500 (Average) 06/13/11
.500 (1.382) 05/02/12
My suspicions are that oil will bottom at or nearly at the same time (not the bottom we are forming now, but a later one), so I will shortly run the anaylsis on USO and see if I get a date for one of it's nodes close to one of these for GOLD. If we get convergence, this could tell us something...
like when Hyperinflation from too much money printing starts...
Data points used:
Date: Price:
04/02/01 255.00
09/11/08 739.80
03/17/08 1033.90
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