From that 4/10 Low, the T&C prediction in my daily Email was for "lots of volatility, but the Time & Cycle bias remains: 4/9-10 Low, 4/12 High, 4/16 Low, 4/17 High, 4/20 Low"
Here is an excerpt from last week's email, predicting a 4/20-23 major swing Low:
The 139 Cycle suggested an 4/2 High, which we saw and a general decline into 4/20 Solar CIT Lows. There is a 188 TD Cycle (green) due in early May 2012.
The 2X1 Trendline from the 8/9/11 Lows (above TL) has been major resistance in this rally. There is also bearish RSI divergence since the 1st week of February.
A closer look at the 139 cycle of Lows:
1. 1/19/10 High into 2/05/10 Lows was 105.95 SP decline and a 38% retrace in 17 CD.
2. 8/09/10 High into 8/27/10 Lows was 89.54 SP decline in 18 CD (CD = Calendar Days).
3. 2/18/11 & 3/1/11 High into 3/16/11 Lows was 95.02 SP decline in 26 and 15 CD.
4. 9/16/11 High into 10/04/11 Low was 145.62 SP decline in 18 CD.
The average CD decline from the Highs to the Lows was 17-18 CD, so calculating from the 4/20/12 Low, it suggested an 4/2-3 High, which we saw an 18 CD decline into 4/20 Low.
The Stockmarkets are closely related to Gold, so let's take a brief look at Gold.