MMA WEEKLY COMMENTS AND TRADE RECOMMENDATIONSFOR WEEK OF OCTOBER 24, 2016

Comments: Please take a moment to view my weekly geocosmic comments on the stock market. Alternatively, you can go to www.mmacycles.com, and then choose Weekly Preview. For other web sites in English: English2 or English3. We are also pleased to announce that these weekly geocosmic comments are now available in German – Dutch - French - Italiano – Japanese –Russian –Serbian2, www.michaellutin.com, http://www.fxstreet.com/, http://oss.cc/Newsletters/oss_Newsletters.asp.

Geocosmic Critical Reversal Dates

These dates affect all markets. They are the midpoints of geocosmic clusters, and have a range of three days either side. Sometimes they expand to as much as five days. The idea is to see a new two-week or greater high or low, and then a reversal. It is especially effective when major, half-primary, or primary cycle troughs are due. These are more important than the solar-lunar reversal dates. The more stars there are next to the date, the greater the historical correlation with a cycle end and reversal. For more information, please read Volume 3 of the Stock Market Timing series. Below is the date of the midpoint and in parentheses the length of time containing the geocosmic signatures (known as a “cluster”). If the cluster is long (more than 15 days), there may be other possible reversals, based on tighter geocosmic clusters, within the greater cluster.

Oct 17* (we are here; possible low in stock, currencies, treasuries, and metals, high in crude…. but only one star, which means trading cycle, not necessarily stronger)

Oct 25-26** (this starts this week)Nov 25***

These periods are usually more important than the solar-lunar reversal zones, but not necessarily any more accurate. It is just that when they do hit, they usually correspond with major, half-primary, or full primary cycles, whereas lunar reversals need only correspond to 2.5% reversals.

DJIA Cash: Last week’s range was between support and resistance, which is neutral. However, the close was below the weekly trend indicator point (TIP) for the 2nd consecutive week, which means it remains neutral.

This week’s trend indicator point (TIP) is 18,180. It will be downgraded to a trend run down if this week’s close is down. 18,044-18,046. A close below is bearish and sets up a bearish sequence. A trade below, followed by a close back above this range, is a bullish trigger.

Weekly resistance is 18,247-18,249. A close above this range is bullish. A trade above here, followed by a close back below this range, is a bearish trigger.

Bullish crossover zones remain in effect at 17,348-17,352, 15,029-15,149, 13,717-13,760, 13,070-13,163, 12,799-12,802, 11,513-11,572, and 8266-8433. It closed below another last week at 18,304-18,319, so that is now resistance.

A bearish crossover zone remains in effect at 18,318-18,367. The DJIA closed above another bearish crossover zones some time ago at 16,892-17,314, so that is now support.

Trend Indicator Studies

The basic trend indicator remains bullish. It will turn bearish if prices fall below the 50-week and current primary cycle low of 17,063 made on June 27.

The weekly moving average trend indicator study also remains bullish. Prices closed at 18,145, up 7 points from the prior week’s close. The close was above both the 25-week moving average (18,115) and 34-week (17,978), and the 25-week MA remains above the 34-week moving average, with prices above each, which makes it bullish. If prices close below 17,978, it will be downgraded to neutral. If the 25-week MA also moves back below the 34-week MA, it will turn bearish.

The daily moving average trend study remains bearish. The close last week was below the 14-day MA (18,182) and below the 42-day MA (18,264), and the 14-day MA remains below the 42-day MA, so it is bearish. A close above 18,264 will upgrade it to neutral. If the 14-day MA turns back above the 42-day MA, with prices above each, it will be upgraded to bullish.

Leading Indicator Studies

Long-Term Cycles – still bullish for now, but still showing signs of weakness.

The 6.5- and 4-year cycle lows occurred on August 24, 2015. Both cycles are still young and remain in their bullish phase. A move below 17,063 will start to question this trend.

The 17,063 low of June 27 was also the 50-week cycle low, as discussed in previous weekly reports. This also starts the 17th week of the 50-week (and primary) cycle, so it too is young and therefore still bullish. As stated before, “If we are correct that the 4- and 6.5-year cycle lows occurred August 24, 2015, then we are still in the early stages of those long-term cycles. That means that this 50-week cycle (only the second within the 4-year cycle) is likely to be a bullish “right translation” pattern. Rallies in “right translation cycles” tend to last 25-55 weeks (91% rate of frequency historically). Should this cycle turn bearish (“left translation”), the average length of the rally is still 12.84 weeks, with a normal range of 7-16 weeks.”

We went on to state, “The high so far has been 18,668 on August 15, the 7th week. If this cycle is turning bearish, then it is possible that was the high, for the 7th week is the earliest we expect a bearish market to top out. However, the probabilities are low that Aug 15, the 7th week, was the crest of the current 50-week cycle. More than likely, it will top out after the 20th week.” Thus, it is not likely that the high is in since Aug 15 was only the 7th week of the 50-week cycle (the earliest we would expect), but it is possible. In fact, it is beginning to look more possible than before, with the prospect of a Fed rate hike looming after the election.

The Primary Cycle and Geocosmics:

October 24 starts the 17th week of the 13-21 week primary cycle, following the 17,063 low of Monday June 27. It also starts the 6th week of the second 5-7 week major cycle following the low of 17,992 on Sep 14, if this is to be 3-phase or combination primary cycle. If so, the low is due this week or next, unless it contracted to form at 17,959 on Oct 13, the prior week and 15 th week of the primary cycle. There was a case of intermarket bullish divergence to the S&P at that time, so cycles-wise, it is possible.

It is also possible that the low of Sept 14 was an 8-11 week half-primary cycle trough (it was in the 11th week). If so, this starts the 6th week of that cycle too, and prices will go lower. In fact, prices could go lower in either labeling, but a close above resistance would now suggest the primary bottom occurred with the low of Oct 13 at 17,960. Until that happens, my bias is that this will be a half-primary cycle, and the low is still 2-5 weeks away.

Previously we stated, “… we have Mars making a translation to the Uranus/Pluto square on Oct 19-28. That one is a greater concern, because it has themes of a crisis and maybe not a reversal. Yet that is just before the election, so I would be surprised if it is a financial panic.” Also during this period, we see Mars making a T-square with the NYSE chart, October 22-Nov 4. The overlap is Oct 22-28, which is this week. If there is to be a sharp decline to a primary cycle trough, it would likely start now. But if this is the 2nd week of a newer primary cycle, then that will not happen, Instead, the market will continue higher before falling below 17,959.

My bias is that it will fall. However, we will let the market tell us this week if my bias is correct or the alternative (new primary cycle) labeling is correct.

Technicals, Chart Patterns, and Price Targets:

If this is still an older primary cycle, “… there is another one further down (move likely) at 17,240-17,260.” There is a second and third downside price target to 17,865 +/- 190 and 17,773 +/- 106. For this to be activated, prices need to drop below 17,959 before exceeding 18,400.

In the event the primary cycle low occurred at 17,959 on October 13, the upside price target is first a re-test of 18,668 and then 19,567 +/- 296.

The daily stochastic did not drop below 20% at the low of October 13, nor did it exhibit a case of a bullish looping pattern with bullish oscillator divergence below 20%, which is what we like to see when primary cycle lows unfold. Thus, my bias is that it was not a primary bottom, or if it was, it was not possible to catch it via our timing methods. However, that low was within two trading days of our October 13 CRD (critical reversal date,1-star), and it coincided with a case of intermarket bullish divergence to the S&P, which did not take out its low of September 12-15 as the DJIA did.

Lunar cycles indicate a low Tuesday Wed, but then a rally to a high Thursday-Friday.

Lunar cycles for the next two weeks are as follows: Anything above 113 means there is a higher than expected probability of a reversal from an isolated high or low. The more *, the more likely a reversal. The more #, the less likely a reversal:

Oct 24 114.5*

Oct 25-26 93.7Oct 27-28 113.4*Oct 31 83.3Nov 1-3 90.1Nov 4 118.9*

Strategy: Position traders are long after covering 2/3 for profits recently. Let’s start with a stop-loss on a break below 17,959 if ESZ also breaks below 2100.25.

Aggressive traders are short with a stop-loss on a close above 18,450, after being advised to “… Cover 1/3 at 18,000 +/- 50.” We got that first 1/3 profit on Friday’s low.

ESZ (Dec S&P e-mini): Last week close was neutral. The close was also below the weekly trend indicator point (TIP) for the 2nd consecutive week, which means it remains neutral.

This week’s trend indicator point (TIP) is 2137.75. It will be downgraded to a trend run down if his week’s close is lower.

Weekly support is 2119.50-2120.75. A close below this range would be bearish, whereas a trade below and a close back above is a bullish trigger.

Weekly resistance is 2147.25-2148.50.Bullish crossover zones remain in effect in the nearby contract at 1661.25-1663, 1405.50-

1418, 1381.75-1382.75, 1263-1263.25, 1184.25-1196.75, 889.55-902.40, and 791.10-791.25.

October 24 starts the 17th week of a new 15-23 week primary cycle following the 1981.50 low of June 27. It also starts the 6th week of the second 8-12 week half-primary cycle trough off the low on Sept 12 of 2100.25. Here, it is much clearer that this is likely to be a two-phase pattern rather than a three-phase pattern, which is possible in the DJIA. If so, then the ESZ has another decline ahead, with the final low due in 2-6 weeks, just in time for the election.

Even though the tone of the market seems more bearish, we must keep in mind that if the incumbent party wins the election (Democrats, Clinton), the stock market usually makes a new high during the year after the election. If the challenging party win (Trump, Republicans), then the market usually has a severe sell off during the following few months.

We also note that the ESX+Z is forming a descending triangle. The based comes in around 2110 this week. A break (close) below there implies a further sell off to 2033 +/- 16.50. A break above the upper line (2145-2150), with a close above there, is bullish.

Strategy: Position traders are flat and may sell short at 2145 +/- 5 with a stop-loss on a close above 2160. Or, you may also sell short on a close below 2110 with a stop-loss on a close above 2140.

Aggressive traders are long with a stop-loss on a close below weekly support after covering 2/3 already. You may cover all and sell short at 2145 +/- 5 with a stop-loss on a close above 2160.

NQZ (Dec e-mini NASDAQ): Last week’s close was neutral. Additionally, the close was below the weekly trend indicator point (TIP) for the 2nd consecutive week, which means it remains neutral.

This week’s trend indicator point (TIP) is 4836. It will be downgraded to a trend run down if this week’s close is below there.

Weekly support is 4797.75-4805.50.Weekly resistance is 4873-4881. A bullish crossover zone remains in force at 4410-4418.Prices closed above the bearish crossover zones recently at 4753.50-4756, 4437-4540.25,

4410-4419, and 4176-4178, so these are all now support zones.

Here too it starts the 17th week of the 15-23 week primary cycle following the low on June 27 at 4167.75. It also starts the 6th week of the second 8-12 week half-primary cycle following the 4625.25 low of September 12.

Previously we stated, “Nevertheless, the Sept 22 high still provides a possible case of intermarket bearish divergence with ESZ and DJIA, which remain well below their highs of August...” This week finds Mars square to Uranus (Oct 28), which rules this market. About 75% of the time, this is an explosive reversal or breakout. A break (close) below 4780 could start a severe plunge. On the other hand, it is possible the election holds prices up as it appears the incumbent party could retain control of the White House.

Strategy: Position traders are long with a stop-loss on a close below 4780 after already covering 2/3 for excellent profits.

Aggressive traders were long after a nice profit on the first 1/3 recently. Traders were advised, “Let’s cover all at 4845-4880 and go short with a stop-loss on a close above 4900.” Got it. EUC (Euro Cash - The ETF for longs is FXE): Last week’s close was mostly bearish. And the close was below the weekly trend indicator point for the 3rd consecutive week, and it was a new low for this part of the cycle, which means it is downgraded to a trend run down.

This week’s trend indicator point is 1.1051. It will be upgraded back to neutral if it closes above there this week.

Weekly support is 1.0791-1.0813. A weekly close below this range is bearish. A trade below followed by a close back above is a bullish trigger.

Weekly resistance is 1.0973-1.0995. A trade above followed by a close back below is a bearish trigger.

A bullish crossover zone remains in effect at 1.0652-1.0663. It closed below another at 1.0924-1.0940 last week and another at 1.1040-1.1050 the prior week, so these are now resistance.

Bearish crossover zones remain in effect at 1.1087-1.1128, 1.2111-1.2135, 1.3071-1.3101, 1.3332-1.3358, 1.4386-1.4409, and 1.5322-1.5458.

This starts the 18th week of the 23-37 week primary cycle off the June 24 Brexit low of 1.0909. It also starts the 18th week of the 12-18 week half-primary cycle trough, so that low is due this week. It is also possible to label this the 8th week of the second 8-12 week major cycle off the low of 1.1121 on Aug 31. If this is the correct starting point, then the second 8-12 week major cycle low will be due anytime within the next 4 weeks.

As discussed before, “We note a contracting triangle is in effect, with the lower line around 1.1050-1.1060 and the upper line around 1.1560-1.1570. …. Any drop below 1.0900 is bearish longer-term, and puts us back on track for a US Dollar high January 2017 +/- 6 months… A close below 1.1060 will be the first sign that it may be breaking down. If that is the case, we could see 1.0500 area tested again by the end of this primary cycle.” It continues to fall, with prices down to 1.0857 on Friday. We have new downside targets of 1.0660 +/- .0112 and 1.0621

+/- .0087. The overlap is 1.0548-1.0708. The extension of that lower line on the former triangle is now resistance, and comes in around 1.1110-1.1120.

Stochastics are very oversold (K = 5.69% and below D at 6.31%), so a low is trying to unfold here. It is too early for a primary bottom, but it could be a half-primary or major cycle trough if completed this week. A 2-star CRD is in effect now, with exact dates being Oct 25-26, +/- 3 trading days. We are here. Perhaps we will see intermarket bullish divergence to the Swiss Franc, although such divergence is more important at primary cycle lows. The primary cycle is not due for another 5-19 weeks.

Strategy: Position traders are flat and may sell short at 1.1125 +/- .0025, with a stop-loss on a close above 1.1250.

Aggressive traders are also flat and may look to sell short at 1.1125 +/- .0025 with a stop-loss on a close above 1.1175. Also, you may look to buy at 1.0600 +/- .0050 with a stop-loss on a close below 1.0500.

Dec Euro (EUZ): Weekly support is 1.0808-1.0833. Resistance is 1.0990-1.1015. Weekly TIP is 1.1180. The difference between cash and futures is .0017 to futures.

JYC (Dollar/Yen Cash): Last week’s close was neutral, but with a bullish bias. And the close was above the weekly trend indicator point for the 3rd consecutive week, but it was a down week, which means it remains neutral.

This week’s trend indicator point is 103.46. It will be upgrade to a trend run up if this week’s close is up.

Weekly support is 103.17-103.18. A trade below followed by a close back above is a bullish trigger.

Weekly resistance is 104.41-104.42. A weekly close above this range is bullish. A trade above followed by a close back below is a bearish trigger.

Bullish crossover zones remain in effect at 94.23-94.88, 84.68-84.79, 76.90-76.97, and 76.22-76.25. It closed below another recently at 105.84-106.10 recently, so this is now resistance.

Bearish crossover zones remain in effect at 1.0443-1.0491, 105.76-106.17, 108.99-109.54, 122.31-122.46 and 123.40-123.62.

This starts the 18th week of the 26-40 week primary cycle off the 99.08 low of June 24, and the 4th week of the second 9-14 week major cycle. As stated before, “My view is that the 100.07 low of Sept 22 and 27 was the 9-14 week major cycle trough (13th and 14th weeks). It still needs to exceed the 107.47 high of July 21 to look more bullish. With the specter of the Fed raising rates still in the picture, it is possible, unless BOJ counteracts that with more accommodation in Japan.”

The recent rallies and breakout of a descending triangle to the upside appears to be losing momentum. There may be support on a pullback to the extension of that line which comes in around 101.10-101.20 this week.

Even though it broke out to the upside of a descending triangle it is not necessarily bullish because that line was so steep. Any move below the base of that triangle (around 100.10-100.20) will be bearish and point to a further decline to 95 area.

Strategy: Position traders are flat and may stand aside.

Aggressive traders are flat and may go long on a decline back to 102.00 +/- .25, with a stop-loss - and reverse to the short side - on a close below 99.80 on any day, with a stop-loss on the new shorts based on a close back above 102.50.

Japanese Yen Dec (JYZ): Weekly support is 95.93-95.96. Resistance is 97.04-97.07. Weekly TIP is 96.86.

Euro/Yen Spread – Cash: Last week’s close was bearish. And the close was below the weekly trend indicator point for the 1st time in 3 weeks, which means it remains neutral.

This week’s trend indicator point is 114.35. It will remain neutral unless this week’s close is sharply up or down.

Weekly support is 111.92-112.14. A weekly close below this range is bearish. A trade below followed by a close back above is a bullish trigger.

Weekly resistance is 114.04-114.26. A weekly close above this range is bullish. A trade above followed by a close back below is a bearish trigger.

A bullish crossover zone was recently broken at 130.85-131.48, so this is now resistance. A bearish crossover zone remains in effect at 125.52-126.20.

This may still start the 34th week of an older and bearish 23-37 week primary cycle following the 122.06 low of March 1. But it could also be the 18th week a newer primary cycle off the 109.46 low of June 24. The bearish close supports the idea that this is an older primary cycle, and if so, it could bottom within the next 3 weeks. The price target could be a test of the 109.46 low, or even lower. Stochastics are pointed straight down, which suggests lower pries ahead. At the same time, the decline is finding support along the extension of the upper line of a former descending triangle, which comes in at 112.00-112.50.

Strategy: Position traders are flat and may stand aside.Aggressive traders are long with a stop-loss on a close below 1.1200. Let’s see if that

extended trendline can hold this week. If not, we will be stopped out.

Swiss Franc Dec (SFZ) (the ETF for longs is FXF): Last week’s close was neutral but with a bullish bias. And the close was below the weekly trend indicator point for the 3rd consecutive week, which means it is downgraded to a trend run down.

This week’s trend indicator point (TIP) is 1.0186. It will be upgraded back to neutral if prices close above there this week.

Weekly support is 1.0024-1.0038. A close below is bearish. A trade below followed by a close back above is a bullish trigger.

Weekly resistance is 1.0150-1.0163. A trade above followed by a close back below is a bearish trigger.

A bullish crossover zone remains in effect at .9868-.9917. A bearish crossover zone remains in effect at 1.0406-1.0461.

This starts the 13th week of the 23-27 week primary cycle following the low of 1.0135 on June 27. Due to that extreme sell off for about 3 minutes on September 30 to .9994, it is still not clear, but it looks bearish. Stochastic are still pointed down.

Strategy: Position traders are flat and will stand aside this week.Aggressive traders are flat and will also stand aside this week.

British Pound Cash (GBPUSD) by MMTA Graduate Ulric Aspegrén: Last week’s close at 1.2233 was neutral. The close was below the weekly trend indicator point (TIP) for the 6 th consecutive week. Consequently, the TIP remains in a trend run down status.

This week’s trend indicator point is 1.2249. It will be upgraded to neutral if the next weeks’ close is up.

Weekly support is 1.2135 - 1.2136. A trade below followed by a close back above is a bullish trigger.

Weekly resistance is 1.2330- 1.2331. A trade above followed by a close back below is a bearish trigger.

The bullish crossover zones remain in effect at 1.0880 - 1.1320; 1.0725 - 1.0802. It closed below another last week at 1.2515 - 1.2550, so this is now resistance.

The bearish crossover zones remain in effect at 1.3172-1.3184; 1.1.4849 - 1.4859; 1.5284 - 1.5315; 1.6130 - 1.6182; 1.6506 - 1.6553; 1.6913 - 1.6921; 1.8110 - 1.8247; 1.9510 - 1.9662;

This week could start the 34th week of a bearish 35-week primary cycle, following the 1.3833 low of February 29. On the other hand, we could also be in the 3rd week of a new primary cycle, off the October 7 low at 1.1450.

The British Pound has spent 2 weeks in consolidation after the brutal fall to the October 7 low. If this trough was indeed the primary cycle low, then we expect a more robust retracement to the 87-day moving average, currently at 1.3036 and moving down each day.

In the event, the old primary cycle is still ongoing, then the corrective rallies have a possible price target area of 1.2213-1.2683. The British Pound is already there, but could go higher within the span. Although losing some momentum, the 15-day stochastics are still supporting this idea, as they are pointing upwards. If so, we will look to sell short around that time, especially if it happens nearby a CRD.

Strategy: Position traders: Could look to go short if prices come up to the 87-day MA, currently at 1.3036 and moving down each day.         Aggressive traders: Look to sell short at the 61.8% Fibonacci recover area of 1.2675 +/- .0025 with a stop-loss on a close above 1.3000 or 1.2825, depending on your risk allowance.

TYZ (DEC T-Notes): Last week’s close was bullish and ends the bearish sequence. The close was also below the weekly TIP for the 4th time in 5 weeks, and it was an up week, which means it remains neutral.

This week’s trend indicator point is 130/04. It will be downgraded to a trend run down if this week’s close is below support.

Weekly support is 129/28-129/30.5. A trade below followed by a close back above is a bullish trigger.

Weekly resistance is 130/21-130/23.5. A trade above followed by a close back below is a bearish trigger.

Bullish crossover zones remain in effect in the nearby contract at 126/12.5-126/17, 123/14-123/19, 121/24-121/25, 120/12-120/17, 118/02-118/12, and 117/00-117/03. It closed below another at 129/30-130/01 so that is now resistance.

A bearish crossover zone remains in effect at 130/26-130/27.

This starts the 6th week of newer 15-21 week primary cycle off the low of 129/26 on Sep 13. It also starts the 2nd week of the second 4-7 week major cycle phase. My thought is that a major

cycle crest is happening as we enter this reversal zone, and the fed will soon announce a rate hike is coming.

Strategy: Position traders are flat and may sell short 130/20-130/26 with a stop-loss on a close above 131/12.

Aggressive traders are flat and may sell short 130/20-130/26 with a stop-loss on a close above 131/12.

SF (Jan Soybeans): We will now switch to January contract. Last week’s close was bullish. The close was above the weekly trend indicator point for the 2nd consecutive week, which means it remains neutral.

The weekly TIP is 972-1/2. It will be upgraded to a trend run up if this week’s close is up.Weekly support is 974-1/2 – 977-1/4. A weekly close below this range is bearish. A trade

below followed by a close back above is a bullish trigger. Weekly resistance is 1004-1/2 - 1007-1/4. A weekly close above this range is bullish. A

trade above followed by a close back below is a bearish trigger.A bullish crossover zone remains in effect at 933-3/4 – 942-1/4 in the nearby contract.

This starts the 12th week of the 15-21 week primary cycle off the 944-1/4 low of our Aug 2 critical reversal date (CRD). It also starts the 4th week of the second 8-11 week half-primary cycle off the low of 940-1/2 on Sept 27. As stated before, “It is possible that was a half-primary cycle trough, if so, Soybeans could now rally into the full period of October 16-17. Only a close above 1020 would negate this bearish pattern now.” Jan is about 9 cents higher than November. Last week stated, “Stochastics look good, so a rally back to 973-1007 is still possible.” It got to 989-3/4 in Nov on Thursday, Oct 20. If bearish, that might be the half-primary cycle crest.

Strategy: Position traders are flat and may stand aside.Aggressive traders are also flat and just missed getting short by a tick. You may now go

short at 1000-1010 this week with a stop-loss on a close above 1022.

CL (Crude Oil nearby contract): Last week’s close was another bearish trigger. The close was also above the weekly trend indicator point for the 4th consecutive week, which means it remains in a trend run up.

The weekly trend indicator point is now at 50.19. It will be downgraded back to neutral if prices close below there this week.

Weekly support is 49.57-49.62. A weekly close below this range is bearish. A trade below followed by a close back above is a bullish trigger.

Weekly resistance is 52.03-52.08. A weekly close above this range is bullish. A trade above followed by a close back below is a bearish trigger.

Bearish crossover zones remain in effect at 61.92-63.13, 71.72-74.54 and 107.56-112.19.

This starts the 12th week of a newer 15-23 week primary cycle off the 39.19 low of Aug 3, one day past our Aug 2 CRD. It also starts the 5th week of the second 5-8 week major cycle off the low on Sept 20 at 42.55. A major crest is due and may have happened last Wednesday, Oct 19. Once the crest is in, look for a 3-13 day corrective decline, back to 47.24 +/- 1.11.

As stated before, “Since I believe the long-term low was completed back in February at 26.05, during the Saturn/Neptune square. I remain bullish. The next upside target is 52.11 +/- 1.53 if it can close above 48.75.” The 51.93 high of Oct 19 was there, and could be a major cycle

crest. It also hit the neckline of an inverted head and shoulders formation, so resistance has been found. Once it closes above there, look for 65-70.

Strategy: Position traders are long with a stop-loss on a close below 45.00. Cover 1/3 now for excellent profit.

Aggressive traders are also long now with a stop-loss on a close below 45.00 after taking the 2/3 profit positions off recently. Cover the remaining longs at 51.50 +/- .25 and go short, with a stop-loss and reverse to the long side on a close above 52.30. If put long, set the stop-loss on the low of the last 2 weeks.

GCZ (Dec Gold): Last week’s close was bullish. And the close was below the TIP for the 11th time in 12 weeks, which means it remains in a trend run down.

This week’s trend indicator point is 1264.80. It will be upgraded back to neutral if prices close above there this week.

Weekly support is 1253.20-1254.30. A weekly close below this range will be bearish. A trade below followed by a close back above is a bullish trigger.

Weekly resistance is 1278-1279.10. A weekly close above this range is bullish. A trade above followed by a close back below is a bearish trigger.

Bullish crossover zones remain in effect at 1132.20-1144.30, 1070.50-1078.10 and 1014.80-1018.10 from several years ago.

A new bearish crossover zone just formed at 1298.30-1307.90. Others remain in effect in the nearby contracts at 1404.70-1418.20 and 1535-1547. It closed above another at 1117.40-1126.80, so that is now support.

Trend studies:

The basic trend indicator study remains bullish as we continue seeing consecutively higher primary cycle lows and highs, which is the basic characteristic of a bull market. A break below 1201.50 would turn it bearish (1207 in Dec). Also, if prices fail to make a new high in the next primary cycle (or this one, if we are in a newer primary cycle), that would downgrade it to neutral.

The weekly moving average trend indicator study remains neutral. Dec Gold closed the week at 1266.70, which was up 15.00 from the prior week. Gold remains below both the 25-week moving average (1303.30) and the 37-week MA (1283.70), with the shorter MA above the longer one. If prices rally to close back above 1303.30, it will be upgraded back to bullish. If the 25-week MA moves below the 37-week, it will be downgraded to bearish.

The daily moving average study is upgraded from bearish to bearish-turning-neutral. The Dec close was above the 15-day MA (1264.30), and below the 45-day MA (1307.90), and the 15-day MA continues below the 45-day MA, which is makes it more bearish than neutral, but improving slightly. A close above 1307.90 will upgrade it back to neutral. If the 15-day MA moves back above the 45-day MA, with prices above each, it will be upgraded to bullish.

Leading Indicators (cycles and geocosmics):

October 24 starts the 21st week of the normal 15-21 week primary cycle after the May 31 low of 1207 in Dec contract. If correct, a low is due, and the cycle may even distort (expand). There are some cases of the primary cycle expanding 24-27 weeks over the past three years.

It is also possible that the primary cycle trough occurred three weeks ago on October 7 (18 th week, right on time) at 1243.20. However, there was no strong geocosmic CRD then, and there was no case of bullish intermarket divergence to Silver or via our oscillator. Thus, if it was the primary bottom, it was not a favorable one for us to trade via our timing methods.

If this is a new primary cycle, then this starts the 3rd week of it. If bearish, the high would occur in weeks 2-5, which is where we are now.

There are some strong geocosmic signatures in effect this week, with the Oct 25-26 two-star critical reversal date (CRD), +/- 3 trading days. Thus, if this is a new primary cycle, and if the trend is still bearish, it could top out now. Even if it is an older primary cycle that is to distort, it could make a trading cycle top here and decline 2-5 weeks.

Previously we stated, “Last week’s decline below 1300 strongly suggests that Gold is falling into an intermediate-term cycle low, which is correcting the entire move up from the 7.4-year cycle low of December 2015. If correct, that may be an 11- or 14-month cycle trough, and it would coincide with either this primary cycle low, or the next one…. In terms of geocosmics, we had expected Mars in Capricorn (September 27-Nov 9) would have been bullish. However, the concern about the Fed raising rates turned out to be a more powerful factor than Mars in Capricorn this time.

It is a hard call to make here. My bias is that this rally is about to end and another decline will begin. But this is not a fixed bias. It could change with a close back above 1288.

Technicals, chart patterns, and price targets:

If there is to be an 11-month intermediate-term cycle, correcting the whole move up from December 2015, the price target would be 1210.50 +/- 39.00. We entered the top part of that range with the Oct 7 low of 1243.20. The time for this 11-month low would be Sep 2016-Feb 2017.

As stated before, “We also note that Gold broke below the lower line of a downward channel, about 1294.50-1295. The extension of that low now becomes resistance. The downside support becomes 1235 +/- 16.50. If the intermediate-term low is to form with a normal primary cycle trough due this week or next, then we also have to consider support nearby to the low that started this primary cycle on May 31, which was 1201 (nearby contract) and 1207 (Dec contract) areas…. Since a primary cycle low is due at any time, we need to watch for a case of intermarket bullish divergence to Silver, where one takes out the low of the prior week and the other does not. It could happen this week or next.” Still watching for this set up this week. But the extension of the former lower channel line is now around 1285-1288. A close above there puts it back into that channel, which has positive implications. Since I think the Fed will soon raise its benchmark interest rate, I am inclined to think this rally will end this week or next, and then head for lower levels in an expanded 24-27 week primary cycle trough.

We need to watch Thursday-Friday of this week very carefully for a high or low from which a sharp reversal could follow, according to the solar/lunar combination in effect then.

We have started a new feature now. This is from the preliminary studies that were conducted for the new Gold Book: Solar-Lunar Reversal Keys for Trading Gold, which was published in September of last year. (These are the lunar cycles for the next two weeks, per these initial studies). These numbers represent potential for reversal, where anything above 114 has a high

probability of an isolated top or bottom to trade opposite of, for a 3% reversal. * represents a strong reversal possibility. The more * the stronger it is. # represents a low likelihood for a reversal. The more #, the less likely a reversal or big range day.

The solar-lunar cycles for Gold for the next few days are as follows:

Reversal 4% Reversal 3% Big Range Day Oct 24 94.7 77.5# 118.8Oct 25-26 73.7# 75.5# 90.0Oct 27-28 163.3*** 145.1** 129.6*Oct 31 76.9# 67.4# 93.8Nov 1-3 142.6** 95.3 71.0# (more often a high)Nov 4 72.8# 117.1* 88.8

Strategy: Position traders are long after taking profits earlier on 2/3 and then buying 1/3 back at a lower price. Start with a stop-loss on a close below 1243.20 if Silver also falls below 1711.50. Let’s cover another 1/3 if prices get to 1280 +/- 5. Look to buy all longs again if either Silver or Gold take out the low of October 6-7, but not both, or if one takes out its low of May 31-June 1, and the other does not.

Aggressive traders are flat and may look to go long if either Silver or Gold take out the low of October 6-7, but not both. Or, sell short on a rally back to 1285 +/- 5, with a stop-loss on a close back above 1306.

GLD (the SPDR ETF for Gold): Weekly support is 119.74-119.83. Resistance is 121.75-121.83. Weekly TIP is 120.52.

Position traders are flat and may stand aside. Aggressive traders are also flat and may go long at 116.50 +/- .30 with a stop-loss on close below 115, or sell short on a rally to 122 +/- .50 with a stop-loss on a close above 125.

SIZ (Dec Silver): Last week’s close was a bearish trigger. The close was also below the weekly trend indicator point for the 11th time in 12 weeks, which means it remains in a trend run down.

The weekly trend indicator point is now at 1770.50. It will be upgraded back to neutral if prices close above there this week.

Weekly support is 1731.50 – 1733. A weekly close below this range is bearish. A trade below followed by a close back above is a bullish trigger.

Weekly resistance is 1774.50-1776. A weekly close above this range is bullish. A trade above followed by a close back below is a bearish trigger.

Bullish crossover zones remain in effect at 1666-1676, 1553-1574, 1453-1460, and 1096-1103.

Bearish crossover zones remain in effect at 1871-1887, 3072-3112, 3665-3974 and 4337-4533.

This starts the 21st week of an older primary cycle from June 1 (1583 in Dec contract). It is also possible it is starting the third week of a newer primary cycle off the 1711.50 low of October 7, but so far, the rally has not been convincing that this is a newer primary cycle.

Here too we will look for a case of intermarket bullish divergence if another decline to new lows happens. That divergence could come from either one or the other taking out the low of

October 7, or the lows that started the primary cycle back on May 31 and June 1 (1207 in Dec Gold or 1583 in Dec Silver).

Previously we stated, “We also note that an extension of a former neckline of an inverted head shoulders pattern come in around 1600, which is very close to the 1583 low on June 1. Other downside price targets include 1744.50 +/- 45 and 1688 +/- 40… We also note that the 18-day CCI fell to -252 on October 4 when the metals markets crashed. In many cases, a low will form within 7 trading days afterwards, which would come out to this Thursday, October 16 (full moon). … The other manner in which this signal can manifest is a temporary low, then a modest rally, and then a lower low in price with a higher CCI reading, for a case of bullish oscillator divergence.” I am inclined to think this latter set up is happening. That is, we did get a low October 7 on the -252 CCI reading a couple of days before. But the rally has not been that strong, so I think we could still see another sell off to a lower price low, but with a higher CCI reading, for a case of bullish oscillator divergence. We would buy that.

Strategy: Position traders are flat and may go long at 1600 +/- 25 with a stop-loss on a close below 1500. Or, look to go long again if either Silver or Gold take out the low of October 6-7, but not both, or if one takes out its low of May 31-June 1, and the other does not.

Aggressive traders are flat and may buy at 1600 +/- 25 with a stop-loss on a close below 1500. Also, look to go long again if either Silver or Gold take out the low of October 6-7, but not both, or if one takes out its low of May 31-June 1, and the other does not.

Lunar cycles for this week (from The Sun, Moon, and Silver Market: Secrets of a Silver Trader). First numbers represent potential for reversal, where anything above 120 has a high probability of an isolated top or bottom to trade opposite of, and the second column represents “Big Range Day” potentials in which Silver could have a range of at least 2% (probably more these days) – good for day trading. * represents a strong reversal or big range day. The more * the stronger it is. # represents a low likelihood for a reversal or big range day. The more #, the less likely a reversal or big range day.

The solar-lunar cycles for the next few days are as follows:

Reversal Big Range

Oct 24 42.4### 93.7Oct 25-26 113.6 55.8##Oct 27-28 108.5 96.0Oct 31 113.6* 139.6**Nov 1-3 89.0 98.4Nov 4 60.6## 89.5 (no lows)

SLV (I-Silver Trust): Weekly support is 16.48-16.49. Resistance is 16.82-16.83. Weekly TIP is 16.76.

Position traders are flat and may stand aside.Aggressive traders are flat and may buy at 15.20 +/- .25 with a stop-loss on a close below

14.00, or sell short at 17.50 +/- .25 with a stop-loss on a close back above 18.30.

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Using this information properly: Support may represent favorable risk/reward places to buy if the trend is up. If prices trade below support, then have a close back above, it is considered a bullish “trigger”, and oftentimes represents a good

buy signal. Resistance may represent favorable risk/reward places to go short if the trend is down. If prices trade above it, then have a weekly close back below, it is considered a bearish “trigger, and oftentimes a good sell signal.MMA comments and trade recommendations are primarily for traders of commodity and futures contracts. They are provided mainly with “speculators” in mind. By its very nature, “speculation” means “willing to take risk of loss.” Speculators” must be willing to accept the fact that they are going to have several losses, many more than say “investors.” That is why they are “speculators.” Speculators are typically right about 50% of the time, +/- 10%. The way “speculators” become profitable is not so much by high percentage of winning trades, but by controlling amount of loss on any given trade, so the average trade on winners is considerably more than the average trade on losing trades. MMA’s comments can be of value to both speculators and investors. MMA’s trade recommendations will be of potential value only to speculators. Those who take these trades need to be willing to adjust stop-losses, and even the trade itself, as the week unfolds, and dependent upon technical factors that will arise with each day’s trading. There is no guarantee as to future accuracy or profitability. Each trader and reader trades at his or her own risk, and neither the author nor publisher assume any responsibility whatsoever for anyone’s financial or commodity markets decisions. Futures or options trading are considered high risk.