Sunday, January 15, 2017

Jan 16, 2017 weekly outlook

Two shorter cycles bottoming during the week (an "M" formation?).  Nothing is for certain and patterns are rarely perfect, but  if the pattern develops as expected the coming week should fall as the pattern develops. 



Bottoms may not match actual data and require some adjustments....

GL traders

Update Jan 18 (see comment on Hurst signal):

 

Posted by at

6 comments:

  1. InletJanuary 15, 2017 at 5:22 PM

    Hurst chart 40 weeks.

    ReplyDelete
  2. UnknownJanuary 16, 2017 at 2:04 PM

    "if the pattern develops as expected the coming week should fall "

    That comment is not clear as your chart shows the coming week being UP

    ReplyDelete
  3. InletJanuary 16, 2017 at 5:41 PM

    What is unclear? I noted a potential conflict between the development of the "M" pattern and the bottoming of the circle cycles before the "M" pattern completes. If everything was "exact" we would all be rich (well, at least I would be rich. lol).

    ReplyDelete
  4. InletJanuary 18, 2017 at 1:26 PM

    Hurst Signal: https://twitter.com/SentientTrader

    ReplyDelete
  5. HaejinJanuary 18, 2017 at 2:41 PM

    Touching vs piercing and closing under the FLD are very different SELL sentiments. Having it cross and close under FLD would be more compelling.

    ReplyDelete
  6. FestusJanuary 18, 2017 at 3:20 PM

    It looks like you are using a 20D FLD with a 5 day offset. Why? I've always used 1/2 the MA period as the offset.

    ReplyDelete

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