@bikefront
Day trading is a full time job, position trading always makes more money and just think how much you must pay in fees.
the longer term rarely undergoes cycle inversions .Longer term forecasting is much easier to predict just look at how accurate the ECM has been. For example the 1989.95 ECM turning point pinpointed the Nikkei high that December. the collapse into 1994.25 marked the precise day of the low for the S&P 500. the 2007.15 turning point called the high in Nikkei, Dow Jones, S&P 500. The real estate market lined up perfectly with the 2007.15 turning point and that was indicating the CONCENTRATION OF CAPITAL.
Understanding the ECM(business cycle) is critical and is the key to moving with the overall trend, since many markets will hit important highs or lows at the top/bottom of the ECM.
Quote Armstrong
"Money(capital) migrates like a herd of wild animals(it runs together in trends and it will suddenly panic and change direction) - such as the bubble in Tokyo in 1989.95. This is the essence of the ECM. the model(ECM) is not based upon any individual market. It is the model that tracks ebbs and flows of capital on a global scale. The interesting aspect of this model is that each and every market has its own model. Only when it lines up with the model(ECM) does this suggest that a particular market is going to be the target of capital flows."
with the ECM "we are able to see where the boom and bust will take place by determining which market sector aligns with the major turning points. Of course the 1987 crash(Dow) bottomed to the day with the ECM confirming that was the low. The same took place in 1994 where the U.S. share market bottomed right to the day, once again confirming this was an important low. Therefore, it has been the alignment of the individual market with the major ECM global frequency that determines the outcomes".
("these turning points are important even when not operating precisely to the day for each market.")
So the low of this ECM wave in January 2020 means we are facing a TURNING POINT. This is where we could see an important low in gold form potentially just under 1000.
There will be big opportunities as the ECM bottoms in January 2020 with potential entry points to hold for years at least until the peak of that wave in 2024.
I noted some of martins predictions.
"It certainly looks like we are headed to a commodity boom between 2020 and 2024.(08/29/2018)
"Our computer is projecting a very serious decline in sunspot activity. This will be the backdrop to the rise in agricultural prices we see between 2020 and 2024. "