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Experimental Gold Probable Range 8-29-17

August 28, 2017 Leave a comment

Experimental Gold Probable Range 8-29-17

The probable range below for gold is Base 60 instead of Base 10. In terms of calculations, Base 60 has several advantages. One of the advantages are there are many more divisors for Base 60 – 1, 2, 3, 4, 5, 6, 10, 12, 15, 20, 30 versus only 1, 2 and 5 for Base 10.

Utilizing Base 60 versus Base 10 also changes the structure of  price support and resistance.

Base 10 calculations result in Murrey Math Levels that run from 0/8 to 8/8 – essentially 9 levels or divisions of 1/8.

Base 60 calculations result in Modified Murrey Math Levels that run from 0/5 to 5/5 – essentially 6 levels or divisions of 1/5. These Modified Murrey Math Levels are easier to calculate as Base 60 numbers divided by 5 end up having a maximum of 4 decimal places while can have more.

The support and resistance levels also work differently. The Base 10 Murrey Math Levels are a bit more complex, but once you understand them the structure is fairly clear.

Base 60 Murrey Math Levels are simpler but, at least at this point personally, appear a little fuzzier.

Thus far, with just a few days looking at support and resistance levels, the Base 60 numbers look like they will catch some support, resistance, and turns that simply can’t or won’t be seen trying to view things through Base 10.

It’s possible that in the future that the Base 10 calculations for Probable Price Ranges (PPRs) will be replaced by Base 60 calculations. Alternatively, there could be either a hybrid between the two or a system using PPR1, PPR2 and PPR3 where one is Base 10, another is Base 60 and the third is either another Base Number or a hybrid Base 10 and Base 60 calculation.

Having said all that, here are the Experimental Gold Probable Price Ranges for 8-29-17:

Gold Probable Price Low: 1299.80

Gold Probable Price High: 1339.18

Note that 1339.18 is the top of the dual resistance formed at 1319.29 and 1339.18. Not to give away too much from Martin Armstrong, but near this dual resistance could prove problematic for gold. If you have been following the movement of the gold price today, it did move above the lower part of the dual resistance above 1319.29 before moving lower. This tends to reinforce the idea that this area will act as resistance and could be a level that gold simply won’t overcome at this point in time.

Disclaimer: The information provided here is for informational purposes only. It should not be considered legal or financial advice. You should consult with an attorney or other professional to determine what may be best for your individual needs.

Author does not make any guarantee or other promise as to any results that may be obtained from using this content. No one should make any investment decision without first consulting his or her own financial advisor and conducting his or her own research and due diligence. To the maximum extent permitted by law, author disclaims any and all liability in the event any information, commentary, analysis, opinions, advice and/or recommendations prove to be inaccurate, incomplete or unreliable, or result in any investment or other losses.

Content contained on or made available through the website is not intended to and does not constitute legal advice or investment advice and no attorney-client relationship is formed. Your use of the information on the website or materials linked from the Web is at your own risk.

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Categories: Uncategorized

Elements of the Probable Price Range (PPR)

August 21, 2017 307 comments

Below is a, hopefully, brief outline of the elements behind the Probable Price Range.

1. The square root.  The expected maximum daily price move of a stock, commodity, etc. is the square root of its price. For example √9 = 3. So, a $9.00 stock might move as low as $6.00 during a trading session or as high as $12.00. While such a move may not be likely, it is mathematically within the realm of possibility. How square roots are used within the Probable Price Range (PPR) is much more complex and nuanced than the above example.

2.Action-Reaction. Alan Andrews discusses the idea in the video below:

Alan Andrews developed, his Andrews’ Pitchfork, at least in part, based on the Action-Reaction work of Roger Babson. In terms of the PPR, Action-Reaction is relevant because price movements up and down must eventually achieve some sort of balance. This doesn’t necessarily mean that a $10.00 move up must be balanced by a $10.00 move down, but movements must eventually achieve a kind of balance. At a later date we will discuss more about this in terms of our Balanced Price Ranges (BPR).

3. Golden Mean aka Golden Ratio. The Golden Mean or Golden Ratio has an important role to play in determining the extent of price movement. It will tend to restrict prices from moving to the maximum extent that is possible as determined by the square root of the price. The Golden Ratio is also important as it relates to our Positive/Negative Ratio (PNR) and Negative/Positive Ratio which we shall discuss another time.

4. Another important factor to consider when looking at a Probable Price Range, or in any type of price forecasting, is to use some means to account for momentum of price movements. This is related to physics, geometry, and the squaring or balancing of time with price which W.D. Gann discussed.

5. Murrey Math. It would be impossible to discuss Probable Price Ranges without Murrey Math. Murrey Math is essential not only in terms of understanding support and resistance levels (assuming you’re attempting to invest based, in part, on the PPR), but it is also extremely important in terms of understanding price cycles. In fact, there are at least two cycles related to Murrey Math. One is the Standard Cycle where price moves in a more or less orderly and predictable manner. The other is the Phase Cycle where an increase or decrease of energy, or momentum, in the system causes price to move up or down to another level.

The above is only part of what goes into the calculation and construction of the Probable Price Ranges or PPRs seen on this site. Hopefully it will give you some small insight into the construction of these ranges and a base to work from should you decide to construct something similar on your own.

 

 

 

Categories: Uncategorized

Gold Probable Range Update for 8/3/2017

August 5, 2017 Leave a comment

Probable Low: 1250
Probable High: 1287.95

Clinging to your guns and religion? You might be a Right Wing Extremist.

You Might Be A Right Wing Extremist...

Still clinging to your guns and religion? You might be a right wing extremist.

Yes, you caught me. I support the entire Bill of Rights including the 1st and 2nd Amendments.

Amendment I:

Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the government for a redress of grievances.

Amendment II:

A well regulated militia, being necessary to the security of a free state, the right of the people to keep and bear arms, shall not be infringed.

We used to call people who defended the Constitution and Bill of Rights citizens and patriots. Now we call them right wing extremists. I guess that is what I am and darn proud to be.

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Categories: Uncategorized

Insist we live in a Republic? You might be a Right Wing Extremist.

You Might Be A Right Wing Extremist...

If you insist that we live in a Republic and not a democracy, you might be a right wing extremist (RWE).

Check out the video below. It argues that there are only two enduring forms of government – republics and oligarchies. Which one do you believe we currently live under?

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Categories: Uncategorized

In this blast from the past Stacy McCain riffs on a few things that might get you considered to be a Right Wing Extremist.

You Might Be A Right Wing Extremist...

Let’s get this party started with Stacy McCain’s riff of You Might Be a Right Wing Extremist.

This was delivered by The Other McCain in April 2009 at the Birmingham Tea Party.

Some highlights as reported by The Liberty Papers were:

You might be a right-wing extremist if . . .
. . . you refuse to bow to Saudi royalty.
. . . you think the only good pirate is a dead pirate.
. . . you don’t think it’s a good idea for politicians in Washington to borrow another trillion dollars you grandchildren will have to repay.
. . . you think you know how to run your life better than a bunch of ‘experts’ in Washington.
. . . you believe in God, but don’t think that Obama is the Messiah.
. . . you believe the only reason you have First Amendment Rights is because of…

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Categories: Uncategorized

On the Emptiness of Getting and Being Noticed

March 27, 2012 Leave a comment

Via Steven P. Dennis:

I wonder what would happen if we all cared a bit less about looking good and relaxed our grip on the past.

I wonder what would happen if just for a day we abstained from any “hey look at me” activity and spent just a bit more time listening and connecting from a position of compassion and generosity.

I wonder what would happen if we added a few more books to our library and didn’t care whether anyone else knew.

What better time than now?

Full post is here.

Categories: Uncategorized