Kind Words from Terry Laundry, Founder of T Theory

"Parker has sent me what I consider to be the most important refinements to T Theory I have ever received from anyone in an e-mail . . . which he calls Tweaking the 13th Advance Decline T." September 29, 2010

"Parker has sent me a very interesting concept which is the NY Advance Decline line divided by the put-call ratio . . . What he's done is introduce the idea of sentiment." September 15, 2010

"Parker discovered the Money Flow Ts . . . This is something like the Holy Grail in T Theory. You are always looking for something that will help you refine the peak date." October 17, 201

"Money Flow Ts are probably the greatest new thing I have seen in 20 years in terms of time symmetries." December 5, 2010.

Tuesday, May 17, 2011

$$ Current Thoughts

Please excuse my absence.  I've been working hard with Terry, and we have some exciting new things happening!

Most of the major markets (S&P, Dow, Nasdaq, Russell, Gold, Bonds) are obeying the RSI range rules for up trends.  In up trends, the RSI floor is 38-40.  If the RSI has been at 40+ for awhile and then you break below 38-40, that's a sign you have started a downtrend.

In downtrends, the RSI ceiling is 60-62.  If the RSI has been below 60 for awhile and you break that to the upside, then the odds are you have started an up trend.

On most of the major markets (except Silver), the last major RSI event was a break above 60.  Silver's RSI broke below 40 on the recent crash that I warned about here.

From a cycles perspective (many of which I have written about at www.TTheory.com), it would not surprise me to see the ongoing equity/gold market corrections end over the next day or two, then we see upward movements in price into ~June 2, and then a fairly sizable correction into early July.
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6 comments:

  1. CycleguyMay 17, 2011 at 7:49 PM

    Parker, welcome back. That is an interesting scenario. It could fit right into the one year cycle due then. Will be fun to see it works that way.

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  2. joedMay 17, 2011 at 8:02 PM

    Parker............hope all is well! The Gann master cycle also agrees...but it shows a double top into 6/11 then a collapse! Best to ya.....joed

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  3. Gold_GerbMay 18, 2011 at 7:30 PM

    Parker, I'm so excited.
    just wanted to let you know, T theory work on lower levels. not always. not 100%, but it is amazing.
    -GG
    http://tinypic.com/view.php?pic=121a29v&s=7

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  4. rocaMay 19, 2011 at 6:08 AM

    Are you referring to the wilder rsi(14)?

    Thanks

    Rich

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  5. PositionSizingMay 19, 2011 at 4:27 PM

    Yes Rich.

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  6. UnknownMay 23, 2011 at 11:51 AM

    Parker,

    Just curious what your thoughts are on today's market activity and if the final move upward into June 2, as your charting suggests, is still in the cards? If yes, any idea on the potential upside in terms of numbers? Thanks, Robert

    ReplyDelete

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