Friday, September 9, 2016

Weekly outlook Sept 12, 2016

"September is on the downside of the nine month cycle. The 4.5 month cycle has topped and turned down (dominant)." - September monthly outlook

Weekly outlook: "This week the 4.5 month cycle turns down after topping the past week" early on this call as late in week before "The 4.5 month and 9 month cycles should start gaining down side momentum so a slight downside drift is possible."

Bonus post on Kitchin cycle: "The market is at/nearing a major cycle  top."

Not perfect,  near miss on my calls. Now that the longer cycle (4.5 month) cycle is showing dominance (and 9 month also down) expect another down week.


I am asked how to set potential price(s):  A frequently used method is a Fibonacci sequence.



gl traders

7 comments:

  1. Fibonacci levels can give you support areas Conrad

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  2. Replies
    1. I think He is picking the Top and the Bottom of the DPO chart underneath SPX.

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    2. correct H2535, the DPO span for the 100 day (4.5 month) cycle

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  3. So still a possibility we see 1950 a good low come nov 2016

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