We all know that at some point the market corrects. Appears multiple cycles bottom (nested bottoms) late August or early September. That should lead to a market down turn. Note: That markets generally spend less time going down than going up, so any pull back could be short and nasty. I recall reading that markets generally spend about 25% or less of a cycle span going down.
GL
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.
Wednesday, June 28, 2017
Sunday, June 25, 2017
June 26, 2017 weekly outlook
A change to look at shorter trading cycles.
Even shorter time cycles:
When trading shorter time periods moves are generally 2-3% or less. If done often enough successfully these small gains can be substantial over several months.
GL traders
Even shorter time cycles:
When trading shorter time periods moves are generally 2-3% or less. If done often enough successfully these small gains can be substantial over several months.
GL traders
Thursday, June 22, 2017
Sunday, June 18, 2017
Weekly outlook June 19, 2017
Some of the larger tech stocks starting to show some erosion (AAPL FB, etc.). Expect continuation as more stocks start to erode over the next few weeks. If you are holding consider setting stop losses.
GL traders
GL traders
Sunday, June 11, 2017
June 12, 2017 outlook
Cycles become even more extended (right translated). How long can this continue? Best guess is not much longer. Looks like the Elliott Wavers expecting a top soon.
GL traders
GL traders
Monday, June 5, 2017
outlook week of June 5, 2017
Not only is the longer (18 month) cycle "right" translated so is the 9 month cycle. A couple of short cycles up, but longer cycles should be down giving a mixed picture (this is why "right" translation ) becomes interesting.
GL traders
GL traders
Sunday, June 4, 2017
Jun-Aug outlook
Seems the longer 18 month cycle is becoming very right translated (up). There is a limit to how long that can last before it turns down. Jun-Aug could see a substantial correction (bear market??). Time will tell....
GL traders
GL traders
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