Monday, September 1, 2014

sept outlook - Hurst chart

Currently looks like down into third week and some recovery toward end of month.
http://sentienttrader.com/hurst-trading-room/blog/

GL traders

Sep 2, 2014 weekly output

Should top (or has topped?) and begin  down for next 8-9 TDs (trading days).  After that maybe one more high.  Taking more time than expected to top and give us a respectable pullback.


Picked up small amount of RWM (R2k Inverse) - 200 shares - last week.  Will add if expected pullback starts.  Currently around break even.

Sunday, August 24, 2014

outlook for week of Aug 24, 2014

I was too cautious in my outlook as the SPX was up about twice my target.  Thought it might over shoot my target and mentioned if we set new highs to consider a position in RWM. Well ^Rut still lagging to upside and no new high (ditto for the DOW).

Looks like we may have reached a short term swing high verified by Friday's failure to close higher than Thursday  See the chart:

May be time to short the market (RWM)  GL traders.

Sunday, August 17, 2014

Weekly outlook for Aug 18, 2014

Hard to figure - was the market up/down/sideways last week.  The SPX500 was up about 1%, the Dow just over 1/2% up and R2k was down. As you probably know if you have followed my blog for a while I trade RWM (inverse R2K, R2K down then RWM up).  I guess I can claim to be right by picking one Index, but I generally chart SPX so we were sideways almost (right on no big move) and was looking good mid week, but not so good by week end.  Not exactly as I called it, but close.

This next week we have 3 shorter cycles (1 month, 2 month, 4 month) up with some longer cycles down.  So moving up will encounter some headwinds (longer cycles down and who knows about Ukraine, Iraq, Syria, Hamas, etc.).  From a cycle perspective it looks like mixed during the week as the Market struggles upwards (my guess would be around +20 pts. on SPX500).

Here is a visual:


If we test/exceed old highs might want to trade some RWM?

GL traders.

Sunday, August 10, 2014

Outlook for the week of Aug 11, 2014

I felt  the prior week would be mostly flat for the week with possibly a small drop.  It was flat with a small increase. Close, but not a bull's eye hit.  Looking at a short term chart it looks like monthly (lunar -28/29 calendar days) should bottom by Tues 8/11 (+/- 1 day) along with the half cycle (10-11 TDs).  So I see some potential downside in the early week.  By the end of the week the shorter cycles will partially offset the downside pressure of the longer cycles.  So it looks like a flat to down week.

Here is a visual:


 GL traders

Sunday, August 3, 2014

Aug monthly and Aug 3, 2014 weekly outlook

I noted in my post (start of 2nd half) the outlook for the remainder of the year.  Expectations were for a pullback into late September.  Too early to say for sure, but the outlook has gotten more negative this past week.  Here is the updated chart for the next few months:


This next week the  2 month cycle should top and turn down resulting in 4 medium length cycles down....  This should more than offset the impact of shorter cycles such as the monthly cycle which is up.  There may be an attempt to rally but any upside should be limited over the next week and shortly after that the monthly cycle will also turn down leading to a negative outlook for August.  In summary - sideways to down this week and then down.  Here is a visual (short term):


FIB target 1 1898...



GL traders

Saturday, August 2, 2014

Cycle lengths

I have noted some interest in cycle lengths.  Here is a summary (other sources may list other cycles):


Cycles according to WD Gann:

Thus the 30 year time cycle will be divided into important probable turning points as follows:

1/8 - 3.75 years
1/4 - 7.5 years
1/3 - 10 years and (3/8, 1/2....) so on .

The further divisions of time and price are derived from this master chart as follows:
144*144 = 20,736.

The important divisions are:
Div. Days   Weeks  Months Years
1   20,736  2,962   682    56.8
1/2 10,368  1,481   341    28.4
1/4  5,184    740   170    14.2
1/8  2,592    370    85     7.1
1/16 1,296    185    43     3.55
1/32   648     93    21     1.77
1/64   324     46    11      .89
 

GL traders