In prior posts, I've mentioned the interesting comparison of the $HUI gold index between 2006-2008 and the past couple of years. Below is the grid chart showing the past behavior on top and the recent behavior on the bottom. The analog speaks for itself.
Instead of just eyeballing the charts, I entered the dates into a spreadsheet of the difference in time between the major turning points. The length of time is quite similar, although the present instance is just a little shorter (95.5% of the length) that the prior one.
The interesting thing is calculating what this adjusted delta yields in terms of a "start date" for a breakdown in the pattern. The date turns out to be January 21st (a Saturday, but hey, it's just an estimate).
Can we count on some kind of hard fall starting then? Of course not. But at least it pinpoints a day for this analog to see if some kind of breakdown does indeed occur around then.
