"Can you please clarify when you think this turn to the upside to commence - does "late next week" refer to the week starting Monday, October 17 or the one starting Monday, October 24?"
No problemo Baba and good point about pinpointing when the week starts. At any rate, the model anticipates the turn will happen late this week starting tomorrow Monday October 17. In layman's terms Gold should begin breaking significant resistance levels in about 72 to 96 hours time. Get out your stopwatch...... the countdown has already begun. Ed Steer's latest chart posted by GWR this morning (ascending triangle) is very revealing in that it is one indicator of many that reveals how close Gold is to a breakout point.
DCFM: Interesting post from Armstrong but the content is little baffling to me. Too many ties into each of the cycles' durations and not enough info about which of those is more reliable at this time, given his complex model is still under redevelopment. Maybe our good friend Pic can help out svp?
