Monday, September 26, 2011

Possible Scenario for a Intermediate Cycle Low in October.


2 comments:

Anonymous said...

Hi,

Love the blog. Thank you for the great posts. So the IT low is likely due Oct. 14-17 with the energy point. Is it possible in your view that we see some kind of flash crash scenario like on May 6, 2010? Do you think the precious metals head down with equities?

Thank you,

Porto

Fibocycle said...

I think that both gold and the markets will be headed lower while the US$ surges higher. Although no one can be sure of a 'flash crash', I think the most likely date for one--if it were to happen--would be Thursday October 13th or Friday October 14th. There is a possibility that the intermediate low would be made between 975 and 1025.