So we see a small pull back during the week as the Wall Tops (dominates) and the 23TD and half Wall cycles bottoms. Here is a visual:
Saturday, November 9, 2013
Nov 11, 2013 weekly outlook
The week did not play out as anticipated. Mixed week with DJIA up, but some of the other indexes down for the week. Any pull back during the week was not near the expected pull back. It seems the 23TD (lunar or quarter Wall) cycle is no longer dominant, but the Wall cycle(140 calendar days) appears to have become dominant. I find the change of dominance of cycles one of the least predictable events.
So we see a small pull back during the week as the Wall Tops (dominates) and the 23TD and half Wall cycles bottoms. Here is a visual:
GL traders - the Wall cycle is now down into early Jan 2014 and if as expected it dominates 2013 should finish down, but the next 2 weeks will be sideways to slightly up.
So we see a small pull back during the week as the Wall Tops (dominates) and the 23TD and half Wall cycles bottoms. Here is a visual:
Subscribe to:
Post Comments (Atom)
The final piece to talk about here is the Gann Square of 144. 144 is 12 squared. It is also a Fibonacci number. Gann said that those were very important numbers because they show up in the Bible a lot. NOTE: Wall cycle about 144 calendar days.
ReplyDeleteHello Inlet.
ReplyDeleteHere is the thing that stands out to me...
Say the market 'broadly holds up here', at least >1700, by late Dec.
Would you not agree, your cycle low in late Dec/early Jan should scare the hell out of the bears, since after that, we'd be looking at another 2-4 months up into the late spring?
Seasonally, we're now moving into the stronger part of the market year. We're past the scary October..and soon it will be time for Santa..and then the green shoots of spring.
I gotta hold to my original outlook that an intermediate max is not going to happen until spring 2014.
--
Any decline other than >7%....is mere noise. Even the past two trading days were a reminder to the bears of how easy this market can rebound.
Rght now, I can't even see sub sp'1700s for the remainder of the year.
--
ps.
If you like my site (I've no idea if you do..then add me :) ).
Regardless, have a good week!
Every time the 18 month cycle finishes with correction, even after the explosive move from the 2009 low.
Deletehttp://3.bp.blogspot.com/-8LXFt91bEMQ/Un3qEyXXpzI/AAAAAAAADRU/Lrq3YAlHVJc/s1600/w151-5.png
Is it different this time?
http://3.bp.blogspot.com/-B2NQwHqJlF4/UoEiOsChoOI/AAAAAAAADSI/t49K-oD84KI/s1600/w151-8.png
If you ask me with the indicators which we have(they look awful) the correction has higher probability, but if the correction does not start this week or the next one the low will be some kind of sideways shit for another two months.
Permabear - the "low" in early 2014 is just a start for the year. There are more (longer) cycles that should be bottoming throughout 2014. If these cycles hit as projected - 2014 could be a disaster. The K-Wave (56-60 years), Super cycles (30 Years), Kuznet Cycle (15 years), Juglar cycle (7 years) all are set to bottom in 2014-2015 (in addition to the Kitchin and shorter cycles). I'll post charts of these longer cycles...
ReplyDeleteKasi - 2014 could be a sight to behold!!!
ReplyDeleteMy work says the same but it is god damn hard... when the market is so strong for so long I start questioning myself if I am wright:)
DeleteAnyway 2014 should be very interesting...
Krasi - thanks for the charts. Do you have a blog you'd like added to my list?
ReplyDeletehttp://practicaltechnicalanalysis.blogspot.com
DeleteKrasi - added your blog to my list
ReplyDelete