AnonymousCoder"Quarterly reversal time unit is one quarter. Gold rallied before the quarter was over and no other signal in the opposite direction was available to indicate change of direction.
The time span is 1 to 3 units in time so the quarterly bearish reversal had 1 to 3 quarters before time was up.
Armstrong wrote on his private blog on the first of March our quarterly level of the model generated a bullish reversal at the end of the year reversing its short position and going long. This also signaled that gold would rally from the $1060 area and should test the next bullish reversal at the $1347 level."
Not sure if you are aware or not but you are losing this discussion.
The time span is 1 to 3 units in time so the quarterly bearish reversal had 1 to 3 quarters before time was up.
Armstrong wrote on his private blog on the first of March our quarterly level of the model generated a bullish reversal at the end of the year reversing its short position and going long. This also signaled that gold would rally from the $1060 area and should test the next bullish reversal at the $1347 level."
Not sure if you are aware or not but you are losing this discussion.
Just for fun I went back and reread my gold report from 2016 (part 1) in which MA stated that he thought that the gold rally was a "Bull Trap" (implying lower lows to come) due to the fact that the gold/silver ratio was rising which exactly contradicts what Gumbi said above. Alot of folks also got burned on this (including myself) but honestly I should also thank MA at the same time because without that negative experience I may never have created my own system which makes the calls to be in/out blatantly clear.