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Gold/Mining/Energy : Precious and Base Metal Investing
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To: orkrious who wrote (18852)8/31/2003 1:42:37 PM
From: crustyoldprospector  Read Replies (1) of 39344
 
Hi orkious,

Sometimes the Bradley "inverts", that is, indicates a possible turn that never materializes. That's why CyclePro shows both curves (normal and inversion), not one as many "Bradley" charts show. Another way to look at it is, Bradley turns are more often than not coincident with major market turns, but the market doesn't always turn. The exceptional case is when market turns in a major way without the Bradley also giving an indication.

And, your assumption was wrong. I think general equities and gold stock trends will roughly track in parallel for the next 5 months or so, though the magnitudes of the moves will be different (e.g., both will start going down in the next two weeks, but the downdraft in gold should be more dramatic at the beginning). They've in fact done that most of the year:

bigcharts.marketwatch.com
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