MA posted a few PBs since Friday. One of them discusses Gold. I am guessing this is the cleanest one to track. Let's see if he or socrates gets it right.
I trade the Dow myself so let's see if the 4 groups of 'false moves theory' will play out. This is the first time I heard him speak or write about the 4 groups...
This week's market moves will be quite binary simply because the Trump-Xi meeting outcome is more or less binary. Realistically, they will kick the can down the road?
End of this month will also be the monthly close.
Btw, another cycles forecaster is also calling for a large drop to come soon (this summer), followed by a climb higher (final 5th wave to a 500 year top). This bit jives with MA's PB call.
Could you expound on this 4 groups thing? Oddly, it sounds like something I've developed although I'm sure it is something else.
MA is saying that before a massive move up or down, it is always preceded by a set of 4 false moves ie opposite direction. E.g. he is saying the Dow will rocket a lot higher from here but only after 1 more false move down. So far, he noted there have been 3 false 'corrective' moves downwards from 2018 till now. So 1 more more to go...
I believe he is basing this theory of 4 moves from the 1929 and 2008 crash, which was also similar.
He illustrated the above using charts.
But if you read the blog he doesn't just say it's a simple 4 moves... He states:
There is still the risk of ONE MORE false move to the downside. After that, the fourth knock of heaven's door is typically when it will open. Worst-case scenario, it will be the fifth knock. But we are headed to new territory - PERIOD!!!!!!!It's the same commentary with a wide range of potential possibilities... Is it 4 or is 5? Maybe it's not a big deal because you could just sit it out until you see a break to the upside. Fine...
However his last statement... New territory? DO NOT forget that it was only 2 months ago that MA had repeatedly claimed that there would be
'no new highs this year'. The man continues to make predictions which fail and then updates them at a point in the future where hopefully people have forgotten about the past.