This is an update on the audusd daily chart;. we have a confirmation that the daily cycle low is in on the 19 of May but cannot confirm that it is the weekly cycle low yet. The problem I have is that if it is the low for the weekly cycle it is a bit too short being only about 3 months from the last weekly cycle low. Shall wait for the next daily cycle to confirm. Attached also is the daily and weekly chart of cmm which I just bought yesterday after having sold too early a few months back. This is about the best manage goldies (if not the best) in Australia. I will be easing back into other goldies which I have traded the last 2 years based on the charts. Some have done extremely well of which cmm is one which others are so so. But if you were to only hold 5 to 10 goldies you need only have 1 to 2 real outperformers and a few reasonable performers and you would have done very well. The caveat is one need to have a clear stop loss in mind before one even begin with goldies. that is because goldies downtrends are devastating and they can knock out your portfolio in a short period of time just as they can really bring cheers to your portfolio in a short time like a few months. Anyway here are the charts and they are self explanatory. Bear in mind that I can sell as fast as I buy a stock and may not be able to post it here when I sell.
And lastly cmm's cycle chart. It may not have printed her weekly cycle low yet
