Cycles are a tool and should not be used to the exclusion of other tools. There is always the possibility (high probability long term) that the data will be misinterpreted or a relevant fact over looked. So use cycles to check your analysis, not as the only reason to make a decision. Interpretation is the opinion of the author and may be incorrect and should be viewed in that light.
Saturday, January 4, 2014
week of Jan 6, 2014 outlook
We are at or near a top. If we get a repeat of late Aug and early Sept (Wall cycle topping with half Wall bottoming) then we get a 4-5% pull back into mid Jan a retest of current highs by mid March.
I have been reading Gann's books these past 3 weeks and one of the turning points he mentions is Jan (simple statistics) especially if averages rally into it. Another thing is the anniversary dates: March and Oct. SPX high Mar 2000 & bottom Oct 2003. Then, high in Oct 2007 and low in Mar 2009. Based on this I was thinking along the same lines. Also there appears to be a rising wedge in SPX. Final high at the tip of the wedge by March?
I have been reading Gann's books these past 3 weeks and one of the turning points he mentions is Jan (simple statistics) especially if averages rally into it. Another thing is the anniversary dates: March and Oct. SPX high Mar 2000 & bottom Oct 2003. Then, high in Oct 2007 and low in Mar 2009. Based on this I was thinking along the same lines. Also there appears to be a rising wedge in SPX. Final high at the tip of the wedge by March?
ReplyDeleteappreciate your comments and information, I am no expert on Gann but know his work is well respected.
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