Best Financial Markets Analysis Article It appears that this rally was done in 43 hours. It apparently didn’t need the full 21.5 days from the April 10 low, as I had suggested yesterday.

Things should speed up from here. I estimate that the decline to point 6 may only take 2 days (12.9 to 17.2 hours). Then a rally into the weekend.

The big decline happens all of next week, if my model is correct. The cycle bottom (point 8) we are looking for is still May 15.

Well, look here! UUP hit 21.76 in the second hour of the trading day. It has also made a reversal pattern and is ready to go much higher. After the bottle-rocket rally in wave d, I had not expected wave e to extend. However, it went 17.2 trading days from top to bottom. Now we can watch the rally make it back to Cycle Top resistance in the next 8.6 trading days, possibly even higher.

GLD put in its top in 25.8 hours from its low at 157.76. It is now time for GLD to start accelerating to the downside, as well. April has been a slow month for GLD. May should see thing much more happening in a very compressed time.

Regards,

Tony

Good luck and good trading!

Regards,

Tony

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