91.88 the longest day · 2017. 8. 1. · responsibility for any trading losses you may incur as a...
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COPYRIGHT 2004-2017, RONALD L. ROSEN
REPORT --------------------------
91.88 The Longest Day This REPORT attempts to demonstrate that the day the Dollar Index crosses beneath the 91.88 level will probably be the beginning of a collapse in the stock averages and a massive rise in the precious metals complex. DOLLAR INDEX WEEKLY
THE ROSEN MARKET TIMING LETTER
PRECIOUS METALS - FOREX - STOCK INDICES - COMMODITIES https://www.deltasociety.com/content/ron-rosen-precious-metals-timing-letter
RONALD L. ROSEN July 28, 2017
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The completion of the 9 year Zig-Zag correction in the Dollar Index is telling us that D-Day will take place the day that the Dollar Index crosses beneath the 91.88 low. The following is an explanation of a Zig-Zag correction. Excerpts from the NASDQ description of a Zig–Zag correction http://www.nasdaq.com/article/elliott-wave-patterns-what-is-a-zigzag-cm628096
“Zig zags look like a lightning bolt on the chart. There are 2 rules for zig zags: 1. The sub waves of an A-B-C zig zag appear as 5-3-5 2. Wave B of the zig zag cannot retrace 100% of Wave A - most of the time
wave B retraces 38-78% of wave A
The 3 waves of the zig zag (A-B-C) subdivide as a 5-3-5 meaning the 'A' leg has 5 sub waves in it, the 'B' leg has 3 sub waves in it, and the 'C' leg has 5 sub waves in it. As a result of the 'A' and 'C' legs both containing 5 sub waves each, the impact of the whole zig zag structure is to be a deep retracement and recover a lot of price from the previous trend. Also, the zig zag was designed to make progress against the trend. Therefore, wave B of a zig zag can be any 3 wave pattern (including another zig zag), but wave B cannot retrace 100% of wave A. A retracement of 99% is acceptable, though unlikely and progress needs to be made.” ==============================================================================================================================
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It is as obvious as anything can be that the Dollar Index underwent a 9 year zig-zag correction that began in the June quarter of 2008. The zig-zag correction was complete at the high of 103.815.
DOLLAR INDEX QUARTERLY
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The S & P 500 and the Dow Jones Industrial Average accompanied the Dollar Index on its huge corrective zig-zag rise. It is highly probable that they will accompany the Dollar Index on its coming collapse.
DOLLAR INDEX QUARTERLY
S & P 500 QUARTERLY
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The 2 year topping process in the Dollar Index will be confirmed when the 91.88 level is crossed to the down side. The 91.88 level will to the highest probability be the trigger mechanism for the start of a collapse in the stock averages and commencement of a huge rise in the precious metals complex. DOLLAR INDEX MONTHLY
S & P 500 MONTHLY
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The weekly chart of the Dollar Index and the S & P 500 gives us a close look at the probable timing of D-Day. “D” day is the day the Dollar Index crosses the 91.88 level to the downside. DOLLAR INDEX WEEKLY
S & P 500 WEEKLY
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Gold bullion as representative of the precious metals complex has bottomed and completed its first minor rally. Its explosive move up waits in anticipation of the crossing of the 91.88 level for the Dollar Index.
DOLLAR INDEX QUARTERLY
GOLD QUARTERLY
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The crossing beneath the 91.88 level of the Dollar Index will to the highest probability see gold finally move above the declining trend line from its top of $1,923.70. This appears to be a well-coordinated “show down.” DOLLAR INDEX MONTHLY
GOLD MONTHLY
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DOLLAR INDEX WEEKLY
GOLD WEEKLY
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Silver bullion is in the same bullishly explosive position as gold bullion. DOLLAR INDEX QUARTERLY
SILVER QUARTERLY
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The XAU as representative of the precious metal shares is in the same bullishly explosive position as gold bullion. DOLLAR INDEX QUARTERLY
XAU QUARTERLY
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Last but by no means least we see that Crude Oil is also in a bullishly explosive position. DOLLAR INDEX QUARTERLY
CRUDE OIL QUARTERLY
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DOLLAR INDEX QUARTERLY
GOLD QUARTERLY
SILVER QUARTERLY
XAU QUARTERLY
CRUDE OIL QUARTERLY
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The Dollar Index appears to be marching down to this tune: Click here Sound Off DOLLAR INDEX DAILY
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When the Dollar Index crosses beneath the 91.88 level we will hear this:
D - Day Victory
“Decades after D-Day, even though humanity seems farther than ever from finding "some way to gain an eternal peace for this world," everyone can agree on at least one point. Those who fought, and died, to free Europe on that day altered the course of history.”
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Disclaimer: The contents of this letter represent the opinions of Ronald L. Rosen. Nothing contained herein is intended as investment advice or recommendations for specific investment decisions, and you should not rely on it as such. Ronald L. Rosen is not a registered investment advisor. Information and analysis above are derived from sources and using methods believed to be reliable, but Ronald L. Rosen cannot accept responsibility for any trading losses you may incur as a result of your reliance on this analysis and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission. Individuals should consult with their broker and personal financial advisors before engaging in any trading activities. Do your own due diligence regarding personal investment decisions.