As you see, there are many major turns in November and this month should not be an exception. The starred midpoint dates are especially strong so if we reach them on a Ganntimer date that is also an Anniversary date, you can cover some or all of your shorts and puts. It can be a very choppy month as there are 4 Ganntimer dates through the month that can make trading difficult. Don't be surprised to see a 750/1000-point down day in the Dow within the next 2 months.
Focus On Financials
The so-called “flight to quality” T-bond rally could turn into a commuter jump so don't get too enthusiastic. It goes against the direction of the stock market and can easily join the southern trip that market has embarked upon. But if December '97 T-bonds were to rise to 120, they will be a good short with a 16-tick stop.
Anniversary Dates For November
In Dow Bond Average And T-Bond Futures Combined
HI–November 3, 1982...............................15 years**** LO–November 7, 1983...............................14 years**** LO–November 8, 1979...............................18 years***** LO–November 9, 1992................................5 years***** LO–November 11, 1994...............................3 years*** LO–November 14, 1957..............................40 years***** HI–November 14, 1918..............................79 years** LO–November 22, 1933..............................64 years***** LO–November 25, 1988...............................9 years**** LO–November 27, 1991...............................6 years**** HI–November 30, 1981..............................16 years**** HI–November 30, 1982..............................15 years (double top)There are some very powerful cycles represented here so we can expect a volatile month. Just like the stock market, there are 4 Ganntimers during this month that point to difficult trading. On October 27 meltdown, Dow Utilities which lead T-bonds were down more than 9 points, closing sharply below daily moving averages. Bonds are sure to go.
Soybean Update
Soybeans made a $1 move up in October and have slowed down to digest such a big bite. Also the 144-week cycle from the February 1, 1995 low is due week-ending November 7, so we could have a sideways to down correction that should make a higher low. If that Is the scenario that develops, momentum can come into the market as the November '97 contract expires and bring further strength into this market.
It's hard to say what, if any, effect the Asian debacles can have on the grain markets but if it's El Nino that is driving them, everything is still on schedule. On the other hand, there is the alternative scenario to consider, if prices are rising into week of November 7, then it can be a top and you must act accordingly.
Anniversary Dates For Soybeans In November
HI–November 7, 1980...............................17 years**** HI–November 8, 1963...............................34 years**** LO–November 9, 1973...............................24 years***** HI–November 10, 1986..............................11 years*** LO–November 11, 1991...............................6 years**** LO–November 12, 1996...............................1 year**** HI–November 14, 1974..............................23 years** LO–November 17, 1978..............................19 years** HI–November 16, 1989...............................8 years**** LO–November 19, 1982..............................15 years**** HI–November 19, 1976..............................21 years***** LO–November 21, 1985..............................12 years***** LO–November 21, 1988...............................9 years**** HI–November 25, 1977..............................20 years**** HI–November 28, 1980..............................17 years double top** HI–November 28, 1994...............................3 years***Please note long cycles due here, plus harmonics, 6, 12, 17, 24 and 34 years; also note how many are mid-month in the teens. If we are falling into 144-week cycle, buy July bean calls, July meal calls. Meal can be the sleeper of the whole grain complex.
Precious Metals Update
Who could have dreamt that Switzerland would consider going off the gold standard with a currency 100% backed by gold? Not I. It did come on the weekend of a Ganntimer Friday/Monday trade which saw a $16 drop on Monday; quite a shocker. It has of course decimated the chart which needs to completely recover that one-day loss and begin again. But I do believe that it will begin again but you must be patient with it. That is, it may take until February 1998 to build the base, but we will watch it carefully.
Anniversary Dates For Gold In November
LO–November 1, 1979..............................18 years***** HI–November 7, 1984..............................13 years**** HI–November 11, 1977.............................20 years***** LO–November 12, 1982.............................15 years***** HI–November 24, 1989..............................8 years****Not many dates but all long-term cycles. There are 3 Ganntimer reversals this month which can produce results but gold needs a jolt. Perhaps with the stock market on the skids, gold will again be favored. What has been, will be. History is on the side of gold. The other metals are following down but not as sharply. If you're holding out of the money, April or June gold calls, hang on to them for now, there is plenty of time.
Ganntimer Date Projections
November 14/17: Eurodollars–180CD from May 20 low; 90CD from August 13 low; 180TD from March 7 high; 144TD from April 28 low. Note full moon on 14th.
November 14/17: Stock Index–90CD from August 18 major low; 120TD from May 30 low.
November 14/17: British Pound–180CD from May 20 high; 90CD from August 13 low; 90TD from July 11 major high; 288CD from January 31 high.
November 14/17: Silver–180CD from May 19 low; 144CD from June 23 high; 144TD from April 28 low.
November 14/17: Coffee–180CD from May 20 low; 240CD from March 20 major low; 270CD from February 19 low.
November 14/17: Cotton–180CD from May 21 low; 180TD from March 10 high; 90TD from July 14 low; 144CD from June 25 major high; 240CD from December 13 major high; 170CD from February 19 low.
November 17: T-bonds–90CD from August 19 high.
November 18: IBM–90CD from August 20 high; 90TD from July 15 low; 180TD from March 11 high; 270CD from February 21 low.
November 18: Copper–180CD from May 22 high.
November 18: Sugar–180CD from May 22 major low; 270CD from February 21 high; 90TD from July 15 major low.
November 18: Pork Bellies–180CD from May 22 major high; 144TD from April 30 high.
November 19: Stock Index–90CD from August 21 high; 90TD from July 16 min high; 120TD from June 4 low.
November 19: Platinum–180CD from May 23 low.
November 21/24: Japanese Yen–180CD from May 27 low; 240CD from March 26 low; 288CD from February 7 low.
November 21/24: T-bonds–180CD from May 27 low; 90CD from August 26 low; 90TD from July 21 low; 144CD from June 30 low; 120TD from June 6 low.
November 21/24: Lumber–180CD from May 27 high; 144CD from July 1 high.
November 21/24: Soybeans–180CD from May 27 low; 90TD from July 21 low; 288CD from February 7 low.
November 21/24: Corn–90CD from August 25 high; 90TD from July 21 low.
November 21/24: Platinum–90CD from August 25 low; 144CD from July 1 high; 144TD from May 5 low; 120TD from June 9 high.
November 21/24: IBM–180CD from May 28 high; 120CD from July 25 high; 240CD from March 27 high.
November 24/25: Live Cattle–180CD from May 29 high; 90CD from August 26 high; 288CD from February 10 low; 270CD from February 28 high.
November 25: Coffee–180CD from May 29 major high; 144TD from May 7 low; 120TD from June 10 high.
November 25: Energy Group–90CD from August 27 low.
November 26: Gold–180CD from May 30 high; 90CD from August 28 high.
November 26: Stock Index–180CD from May 30 low; 144TD from May 8 low.
November 26: Silver–90CD from August 28 high; 288CD from February 11 low.
November 26: Cocoa–90CD from August 28 high; 270TD from November 13, 1996 low.
November 26/28: Wheat–90CD from August 29 high; 144CD from July 7 low; 144TD from May 9 high; 240CD from March 31 high.
November 26/28: British Pound–90CD from August 29 high; 90TD from July 23 high; 288CD from February 11 high.
November 28/December 1: Sugar–180CD from June 4 high; 90CD from August 27 high; 120TD from June 13 high.
November 28/December 1: Soybeans–180CD from June 3 high; 122CD from July 7 major low; 144TD from May 12 major high; 120TD from July 21 low.
November 28/December 1: Corn–180CD from June 3 high; 120CD from August 1 high.
November 28/December 1: Copper–180CD from June 4 low; 90TD from July 25 high; 144CD from July 9 low; 240TD from December 27, 1996 low.
November 28/December 1: IBM–180CD from June 4 major low; 90TD from July 25 high; 240CD from April 4 major low.
December 1: Deutschemark–90CD from September 2 low.
November, 1997Gann Angles
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