The latest monthly arrays are showing a panic cycle AND volatility in both the S&P 500 and Dow for February, and the weekly arrays are showing this week as a panic cycle. I wouldn't be surprised to see a massive blowoff this week to shake out all the shorts and get everyone on the wrong side as Martin talks about, especially considering the lack of pressure from any weekly reversals in the DOW between here and 25966. That kind of rally would also go through 200 DMA in the S&P 500, which would be perfect for squeezing out every last short. We don't even have any daily reversals in the S&P 500 until 2785.
With that said it is possible the rally today could be the high and we gap down tomorrow, but I am leaning towards a bigger "blowoff". Whatever the case, I think this is a crucial week and I will be paying very close attention. Gold hasn't dropped much yet but I'm not worried, all my sources of analysis are saying the high is in so I would be very surprised if we broke towards new highs. We closed January 1 point below the first monthly Gold reversal, if that isn't the perfect test of Martin's system then I don't know what is.
There is a gap between the elected weekly and then next at 25966 but there are 4 daily reversals inbetween so I guess how quick we elect those will determine the timing but according to the reversal system the weekly should reach the next reversal.
I agree on gold, its crazy that it got so close. I had that reversal in place since July when Socrates was positing only one weekly and one monthly reversal, just insane.
For people who are curious, the EURUSD elected a daily bearish at 1.14410 with the next at 1.13340 but there is still some technical support around 1.13800.
As armstrong says, follow the reversals and arrays, so maybe we should just use his numbers. What has always been frustrating with his posts is that they are so few and he never gives all the numbers and also does not update, the new socrates does do this, so you will know where to place entries, stops and when to get out and reverse.
Just giving these numbers so people here have something tangible, I may update the EURUSD for a while so people can see for themselves if socrates is accurate. But for 150$ you have all the info on all timescales so just go try it for a month, if you think its BS then stop your subscription and look for something else, that´s what I am doing.