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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: sense who wrote (172868)	6/6/2021 8:48:34 PM
From: TobagoJack	Respond to of 218431

Re <<Yellen's clever new MOPE tactic: reverse psychology ?>> ... how clever depends on whether folks fall for her MOPE or not ... ask-socrates.com Gold into June (PRO) SUNDAY, 06 JUNE 2021 BY: MARTIN ARMSTRONG Seasonally, June has always been an interesting month for gold. Yes, it is getting volatile, but that is to be expected. That is what the Reversal System is all about. It shows you the risk in the opposite direction of your trade. Far too often people take a position, it goes against them, they panic and dump their position, and the market comes back. If you do not look at the Reversals as your risk factor, then you will lose money by assuming things that may not happen. Trading using just the Weekly Reversals is portfolio trading. Never take a position that you cannot risk to the Reversal on the opposite trend. Only when there is a risk of a change in trend should you then switch to the Daily Bearish for your risk when trading the Weekly or Monthly levels. But bailing out of a position because it goes slightly against you is asking for punishment. Currently, on the Weekly Level, we can ass that the market is still trading just within the channel. Until we start to break out of the top. we are still not dealing with a runaway market where you would expect a consistent sharp rally. The top of that channel stands at the 1955 level. Turning to the Monthly level, we can see here the technical support lies at the 1860.83 and 1847.00 level during June. Note that the market fell back to 1855.6 intraday The market did not even break the technical support. The lowest daily closing was 1873 which held the Daily Bearish Reversal and held the normal retest of the previous Weekly Bullish at 1856, 1878, and 1879 levels. When we look at the Weekly Array, this implies that if last week's knee jer low holds, then a bounce is possible into the week of the 14th which we also should expect higher volatility. To flip that expectation would require a penetration of last week's low and a Daily closing below 1870. We can see that in the Monthly Array we see higher volatility in June, a Directional Change, and a turning point. This all warns that we may see a June high, a retest of support which could be a low in July/August, with a Panic Cycle in October and an important turning point. Keep in mind that only exceeding the 1955 area should we expect a sharp rally before making another temporary high. We were trying to get space in October/November for the WEC. Ironically, Florida seems to be the only place on the planet to hold such a conference and everything is booked. We are trying to bribe at this point, taking business clues 1010 from Bill Gates on how to really be successful.