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Precious Metals
Market Timing |
RONALD L.ROSEN
ALISTAIR GILBERT
rrosen5@tampabay.rr.com
June 22, 2008 |
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“Time is more important than price; when time is up price will reverse.”
W.D.Gann
HOW MANY DAYS IN A WEEK
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Sung by Brenda Lee
The calendar is set up with 7 days in a week. For our purposes there are only 5 trading days in a week. When we use moving averages we must use 5 days in a week in order to maintain accuracy. The moving averages most utilized are the 200 day and the 50 day moving average. The most accurate moving average is a number from the Fibonacci series. The 34 week moving average works best on a weekly gold chart. When we want to see what a 34 week moving average would look like on a daily chart we must find out how many days are in a 34 week moving average. There are 170 days in a 34 week moving average. Using a 170 day moving average on a daily chart provides us with a valuable close up look at the trend for the past 34 trading weeks. When the gold price touches the moving average at the same time that it is making a Delta Turning point low, the benefit and accuracy of using a Fibonacci moving average becomes apparent.
Gold has bottomed at Delta medium # 3 low and is moving up to Delta Long Term # 3 high due 2/18/2009. The standard deviation for arrival of Delta Long Term # 3 high extends out to June 17, 2009.
GOLD WEEKLY
GOLD DAILY
The next report will be posted on Monday, June 23, 2008.
Updates will be posted when market action warrants.
Stay well,
Ron Rosen and Alistair Gilbert
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