Friday, December 30, 2016

Weekly outlook for Jan 2, 2017

I said last week:  

It appears the 10 week cycle did top and turned down.  That down pressure from the 10 week cycle should continue into the new year.

  Can't do much better than that...

The 10 week cycle continues down.  The 5 week cycle is also down.  These two cycles should bottom by Monday Jan 9 and then turn up...

 



GL traders - hope you had a prosperous 2016.

Update Jan 03, 2017:  $gold



 

9 comments:

  1. Great post! I really like the way you have explained each and everything so well. Very well done with the Blog!

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    ReplyDelete
  2. Any chance that the 6/27 low was the 9 month cycle low and thus it has already turned down?

    ReplyDelete
  3. One could make the case for that.... Worth keeping that possibility in mind as the chart continues to develop

    ReplyDelete
  4. you're always very reassuring great job thks
    betti

    ReplyDelete
  5. Hmmmmm not really bottoming this time?

    ReplyDelete
    Replies
    1. RUT - Russell 2000 index was down for the week. Often leads.

      Delete
  6. The top was in this week and next week the drop will be a fast one! But imo not too deep drop as we turning upside fast because strong bull market also.

    ReplyDelete

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