We could get some down action as early as tomorrow as the 34 day cycle tops and turns down. A pullback to the 1240 range over the next 2 days seems possible. But with the longer cycles pushing higher I would say the possibility of this is no more than 50-50. It appears though the possibility of a pull back increases the week after Christmas as the cycle that has been pushing up since July 1 should top (180 days).
So be on alert for weakness Wed/Thur and increase vigilance after Christmas.
Here is the SPX:
Once again...thank you for our blog. Forgive me if I asked this on another post...but where can I more information on the different cycles? I see you have mentioned 180, 34, 22, 5.5 day and 13 hour cycles and I sure there are a whole lot more. And how do you determine the starts/stops, etc. TIA.
ReplyDeleteShadow7 -
ReplyDeleteJM Hurst's book:
http://www.forexmt4.com/_MT4_Systems%20Documentation/J.M.%20Hurst%20-%20The%20Profit%20Magic%20of%20Stock%20Transaction%20Timing.pdf
Some info on Gann cycles:
http://gann.su/book/eng/Daniel_Ferrera_Outlook_2010.pdf
Prior posts on cycle lengths:
http://swingcycles.blogspot.com/2010/10/cycle-lengths-gann-vs-hurst.html
http://swingcycles.blogspot.com/2010/10/2011-cyclic-environment-pi-cycle.html
This should cover the more common cycles... There are many books on cycles (check Amazon), so I am sure this is not a complete list. One word of caution - for the shorter cycles I normally refer to them in "Trading Days" and for the longer cycles in calendar days (ie 180 days is calendar days). You will also find this to be true in a lot of the literature. Some also refer to a cycle length as time from bottom to top (or top to bottom) whereas to me that is 1/2 a cycle.
Well, this should get you started.
THANKS!
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