FYI - Hurst cycles (54 months, 18 months, 9 months/40 weeks)
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)
FYI - Hurst cycles (54 months, 18 months, 9 months/40 weeks)
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Thanks Inlet for weekly market updating. Can I know how do you draw your cycles on your chart? Thank you
ReplyDeleteI 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..
DeleteHow did you generate the Hurst chart? Thanks!
DeleteI 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....
DeleteTrading could be more profitable if you use trading tips from a trudted financial advisory like Epic Research.
ReplyDeleteChetan - I generally do not recommend specific stocks because without knowledge of your investment objectives (or others who review my blog) that is not practical.
ReplyDeleteAny cycle analysis on GOld?
ReplyDeleteI have not charted GOLD recently, blogs I follow appear to be positive on gold currently.
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