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<p>[QUOTE=&quot;steverr1, post: 1334552, member: 34880&quot;]FOR WHATS ITS WORTH</p><p><br /></p><p>I daytraded for almost 5 years. Wrote a book about such.Always on the watch for those who I feel have a better grip than I on market movements. Such is the case in the following post I took from a blog from a person who has been uncanny in calling tops and bottoms. For entertainment purposes I will share with you his blog written 17th December:</p><p><br /></p><p>&quot;There appears to be upside by Dec 27th for both Silver (red line target) and Gold. However, the cycle analysis indicates extreme weakness in the S&amp;P starting from Dec 28th to the 30th, and continuing into January 6th. This market-wide weakness likely will also initially manifest in late December in the Gold and Silver markets causing some weakness amid forced liquidations and panic. </p><p><br /></p><p>So while the recent bottoms for Gold and Silver are likely to be retested, and probably undercut slightly in late December, the charts are super bullish into early 2012 for both metals. </p><p><br /></p><p>The move higher in January is slower for Silver initially than Gold, but while Gold rises steadily, Silver finishes with a parabolic rise to $37 for the Silver futures!</p><p><br /></p><p>All of the methods that I use including symmetry, geometry, cycles, and cycle analysis are extremely bearish in late December. Not only that, but the market is confirming with leading indexes (such as NDX and DAX) leading down for months already. </p><p><br /></p><p><u><b>The crash is anticipated to start from Dec 27th or 28th,</b></u> and could reach the 1044 SPX target on January 6th. Steep declines may come on Dec 28th through Dec 30th according to the cycle analysis system. </p><p><br /></p><p>This summer, I used the same cycle analysis system to pinpoint a selloff into August 10th +/- 1 day, and mentioned this date many times in my July analysis. It is the same system that I am using this time as well.&quot;</p><p><br /></p><p>As a note he also supplies charts to illustrate his opinions.</p><p><br /></p><p>Who knows? But, I sold my Gold and Silver I was holding (I am a dealer) last Friday. Appears that we was right on target again...Steve[/QUOTE]</p><p><br /></p>

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