Subtleties abound in this presentation, including a discussion of some of the more subjective distinctions between “internal” and “external” peaks. Sometimes it’s hard to tell the difference, but if you view this recording the task will probably become easier. We looked at Gold, Crude and the E-Mini S&P, and subsequent price action in each bore out our analysis. The lesson ended with scrutiny of HUI’s longer-term charts, which suggest that bulls may need to be very patient, perhaps for yet more months.
