We are about to get a low-risk buy point in the stock market. It’s very late in the daily cycle. Stocks are in the timing band for one of those buying opportunities where you can put your stop right below the cycle low and risk is very small.

But most people trade emotionally instead of logically, so they are going to miss the buying opportunity in the stock market, and they’re going to keep trying to pick a bottom in the metals way too early. The gold cycle has at least one more month to run before reaching a final bottom. The stock market has at least two more months to run before it reaches a larger degree intermediate top. Like I said in one of my previous videos the semi conductor index is going to tag 1350 before stocks have an opportunity for a deeper correction trying to pick a top before that is going to be a poor strategy.

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