The Hidden Pivot Method is well suited to predicting boring stretches in the stock market such as this summer’s, since the “dueling impulse legs” we often find in charts represent unsettled conflicts between bulls and bears. Generally speaking, the larger the time frame in which the duels play out, the longer the periods of tedium one can expect. The combatants are rarely perfectly matched, and we can therefore usually discern a bullish or bearish bias when we compare dueling impulse legs one against another. This we did during this session, looking at pictures of tedium, presumably with more to come, in, respectively, Comex Gold and Silver Wheaton shares.
