Saturday, February 27, 2016

Feb 29, 2016 weekly outlook

Looking at the full stochastics we see lines crossing at top of  stochastics chart telling us it is time to take some profits.  Even though we appear to have had an ICL and cycles have turned up two weeks ago the market tends to climb in a none linear fashion (up-down-up etc.) so with shortest cycle topping and down I suspect the week to be biased to the downside.

GL traders

FYI - Hurst cycles  (54 months, 18 months, 9 months/40 weeks)

 



8 comments:

  1. Thanks Inlet for weekly market updating. Can I know how do you draw your cycles on your chart? Thank you

    ReplyDelete
    Replies
    1. I use "stockcharts.com". Once you set the defaults, select annotate. On the top line select the 11th action (up/down lines for cycles) and select Lines/half circles/sine waves to denote cycles... Good luck..

      Delete
    2. How did you generate the Hurst chart? Thanks!

      Delete
    3. I used http://www.freestockcharts.com/ to generate the base chart and then created templates for the colored arrows and copied/pasted them onto the chart (manual process). There are expensive packages for Hurst charts though....

      Delete
  2. Trading could be more profitable if you use trading tips from a trudted financial advisory like Epic Research.

    ReplyDelete
  3. Chetan - I generally do not recommend specific stocks because without knowledge of your investment objectives (or others who review my blog) that is not practical.

    ReplyDelete
  4. Replies
    1. I have not charted GOLD recently, blogs I follow appear to be positive on gold currently.

      Delete