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.
Friday, October 28, 2016
Weekly outlook Oct 31, 2016
Setup in place for a hard down week with FBI taking another look at Clinton Email scandal. Expect a bottom Nov 8-9? Amazing how cycles has pointed to this possibility for months....
DOW Industrials below 18,000. VIX now above 20. All signs of a market decline. How much? 5% (SPX) over the next 5-6 trading days would be a shallow correction....
KP -Since I was long RWM (inverse Russell 2000 ETF) I am already up over 5%, so another 5% down on the Russell 2000 should be over 10% (which is the technical definition of a correction.
I advised that people consider the inverse DOW, SPX, or R2K about 2 months ago.
Yes inlet , I'm a big idiot shorted qqq at 99.. been stuck for many many months .. Feb... speecless will just have to get when all these cycles all collide next week
The Qs are a beast, the QID and QLD are 2X and even more of a beast (Played with then some years ago and finally decided to quit (too easy to lose $s that never got recouped)
Great analysis; keep it up!
ReplyDeleteJeez 6 trading days left still not going down .. the then ramp up .. are cycled usually 100 percents right ????
ReplyDeleteNo. cycles can vary in length (short and long), so a miss by 1-2 weeks on a 20 week cycle would not be that unusual.
DeleteDrop below 2114 on SPX as market slowly melts down
ReplyDeleteDOW Industrials below 18,000. VIX now above 20. All signs of a market decline. How much? 5% (SPX) over the next 5-6 trading days would be a shallow correction....
ReplyDeleteI'm praying we get more than. 5 percent down ...
ReplyDeleteKP -Since I was long RWM (inverse Russell 2000 ETF) I am already up over 5%, so another 5% down on the Russell 2000 should be over 10% (which is the technical definition of a correction.
DeleteI advised that people consider the inverse DOW, SPX, or R2K about 2 months ago.
Yes inlet , I'm a big idiot shorted qqq at 99.. been stuck for many many months .. Feb... speecless will just have to get when all these cycles all collide next week
DeleteThe Qs are a beast, the QID and QLD are 2X and even more of a beast (Played with then some years ago and finally decided to quit (too easy to lose $s that never got recouped)
DeleteYes they are ...
DeleteLast time all cycles collided 2081-1812 as u know
ReplyDelete13.4 percent
DeleteThis time 2150 13 percent we would get gap fill at 1870 yikes hope this scenario pans out
DeleteThis is when usually Yellen and PPT goose the market to 18,400 DOW. Let's see.
ReplyDeleteAccording to the charts this week should mark the bottom. Just not sure how long it will take to get some upside momo...
ReplyDelete