from Michael Henry: possibly the most negative forecaster out there...looking for a total collapse, not just a garden variety BK, essentially TEOTWAWKI, a civilizational wipe-out orgy on a grand scale, which should be good for gold...(nothing else seems to be..-g-). explaining his time segment methodology conclusions about gold:
From: Michael
Date Posted: December 06, 2000 at 09:17:52
Subject: Re: Dec. - Jan forecast
Reference: Re: Dec. - Jan forecast
Some basics on my methodology of time periods:
Weekly counts are much more significant than daily counts (time-measures from past highs/lows historically). I now use the "square of 45 chart" to decide the most significant points, using the 1/4, 1/2, 3/4 divisions along with lines drawn from 5 to 41 (41 being five from 45 going backwards) and 9 to 37. One half of 45 is 22 1/2. On the square of 45 charts 22^2 and 23^2 multiples lie on the significant divisions, so I especially look for these occurances in time periods.
For Nov 30, we had:
from Mar 10, 1937 high, 44 x 23^2 days
from Jun 27, 1962, 22^2 x 29 days
from Oct 11, 1990 low, 23^2 weeks (7 x23^2 days)
and perhaps less important
from Oct 12, 1837 low, 28^2 x 19 x 4 days
from Oct 8, 1998 low, 28^2 days
I'm writing this to show what I see as a momentous move in gold starting right on the new millenium, the first week in January. Just looking at 22^2 and 23^2 weekly counts there is (many more significant counts also):
13 x 23^2 weeks from Mar 18, 1869, when the US congress took major steps to make greenbacks (civil war paper) payable in gold and towards a gold standard again.
7 x 23^2 weeks weeks from the formation of the BIS - the central banks banker and holder / trader of gold for central banks.
23^2 x 2 weeks from Sep 1980 gold high
22^2 x 2 weeks from Jun 1982 gold low
and from Dec 31 to Jan 5, probably most of the daily counts hit squares. It is packed full of big action. That is why I'm talking collapse instead of crash.
Incidentally, for daily counts on stocks:
for Friday Dec 8: 19 x 23^2 x 6 days from wave I high, Oct 29, 1835
for Sat, Dec 9: 144 x 23^2 days from date of incorporation of NYSE
for Mon, Dec 11: another 23^2 multiple which I don't have with me now.
And I agree with Larry that Dec 26th is a super major turn point.
>To add my two cents to Larry's, I suspect Monday 11th high, probably turning down before noon. I have Dec 18th as a significant turning point, so if stocks are / have been heading down into the 18th, then I will go long from there, and vice versa.
>Michael |
