Saturday, February 9, 2019

FEBRUARY 11, 2019 WEEKLY OUTLOOK

 UPDATE 2/12:

As I suggested mid week last week may offer a buying opportunityMid to late week sold off and  depending on what stocks you were watching  provided an opening to make a buy. I had bought 4 stocks on Thursday and put in "sell gtc orders before market open."  Now need to find something to buy (only 1 position left).

Like I have stated in the past shorter  cycles can provide  larger per cent movement in a shorter period.  For example a 50 point movement of  the SP500 in 5 days is an average of 10 points a day, whereas over 10 days that 50 point movement is 5 points a day.

This is why shorter cycles (like the 10 week cycle) can have an over size short term impact down /up  even when multiple longer cycles are moving the opposite direction (as we  saw the latter part of the last week).

Here is the new week (updated):
 



GL traders
 
 

5 comments:

  1. Hello! I see you changed when the multiple cycle convergence... what tells you/how do you know to adjust these?

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    1. Welcome comments, took a second look and decided to redraw cycles based on your observations(20 weeks is 4 1/2 months or half the 9 month cycle).

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  2. I examine the data looking for conformity with prior patterns. It appeared that the 5 week cycle contracted to 4 weeks. This gave us longer 8 week cycle. BTW that is 1 month and 2 months and 4 months. Should know within a month or so if my change is right...… The RSI and StochRSI seem to support the change.

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  3. Then the 9 month cycle finish at the end of February 2019?
    In the previous post you drew the beginning of this cycle at the end of December 2018

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  4. Thank you! That helps! I will now look at cycles as "living" and be open to adjustment.

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