From Gold Scents:
... As you can see by that first chart, a correction is now due. That doesn't mean that it will begin Monday morning or even this week. What it does mean is that it is now too dangerous to continue playing musical chairs with a market that is at great risk of a sharp corrective move.
The fact is that ever since the dollar put in its three-year cycle low in May, trading conditions have changed. Trades have had to become much shorter in duration and profits taken much more quickly.
Until the dollar's major three-year cycle tops, this trading condition isn't going to change. As you can see in the chart below, we still have no confirmation of a major trend reversal yet. The dollar is still making higher highs and higher lows. It's still holding well above...
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