THE ROSEN MARKET TIMING LETTER

Transcription

1 THE ROSEN MARKET TIMING LETTER PRECIOUS METALS - FOREX - STOCK INDICES - COMMODITIES RONALD L. ROSEN March 12, 2017 Gold bullion is technically ready for a monumental bull move. The D. J. I. A. is technically ready for a monumental collapse To my knowledge the technical evidence is telling us that gold bullion has completed four Major Bull Market Waves and bottomed at $1, in December Therefore, it is my firm belief that the following paragraph accurately describes what the gold market is about to experience i.e. propelled by a comparatively dramatic emotion, fear: fear of inflation, fear of drought, fear of war. In contrast to the stock market, commodities most commonly develop extensions in fifth waves within Primary or Cycle degree bull markets. This tendency is entirely consistent with the Wave Principle, which reflects the reality of human emotions. Fifth wave advances in the stock market are propelled by hope, while fifth wave advances in commodities are propelled by a comparatively dramatic emotion, fear: fear of inflation, fear of drought, fear of war. Hope and fear look different on a chart, which is one of the reasons that commodity market tops often look like stock market bottoms. E. W. P. COPYRIGHT , RONALD L. ROSEN

2 The fact that gold bullion has completed a most dramatically bullish Running Flat Correction is further technical evidence that a powerful bull move is about to get underway. The forces in the direction of the larger trend are so powerful that the pattern becomes skewed in that direction. E. W. P. Running Flat Correction COPYRIGHT , RONALD L. ROSEN 2

3 It is obvious that the Dollar index completed a 5 wave collapse that bottomed approximately when gold began a Running Flat correction. The Dollar Index appears to have completed an A, B, C, bear market corrective rally when it peaked in March It is highly probable that a move by gold bullion above the declining trend lines will be the beginning of One hell of a mess. However, those folks who are invested in gold and gold shares should be in excellent financial shape regardless of the size of the mess. Running Flat Correction COPYRIGHT , RONALD L. ROSEN 3

4 The completion of a nearly perfect 5 wave extension at the end of the D. J. I. A. s huge quantitative easing assisted Leg D rise is a perfect introduction to the Leg E collapse. Even Hollywood could not write or produce a better introduction to a major stock market collapse. DOW JONES INDUSTRIAL AVERAGE MONTHLY GOLD MONTHLY COPYRIGHT , RONALD L. ROSEN 4

5 Now that I am on a Hollywood kick when gold crosses the down trend lines on this quarterly chart the show should begin and begin BIG TIME. DOLLAR INDEX QUARTERLY DOW JONES INDUSTRIAL AVERAGE QUARTERLY COPYRIGHT , RONALD L. ROSEN 5

6 A close above $1, in April should do it! COPYRIGHT , RONALD L. ROSEN 6

7 The next report will be posted on Friday, April 14, Updates will be posted when market action warrants. Stay well, Ron Rosen M I G H T Y I N S P I R I T 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. COPYRIGHT , RONALD L. ROSEN 7