Saturday, September 29, 2018

Month Oct 2018 outlook

Short term - into mid month the 5 week cycle should bottom around Oct 13.  As the 5 week cycle bottoms the 10 week cycle should top - making any pull back moderate.   The final 2 weeks of October the  20 week cycle and 5 week cycle are up as the 10 week cycle pulls back from the mid month top. 

Saturday, September 22, 2018

weekly outlook Sept 24, 2008

I stated last week that the week probably be an up week.  That proved to be the case.  This week the 5 week cycle has topped and will be  down by week end.  The 10 and 20 week cycles are up.  So I expect the week to be up, but less than the past week.

Take a look:


Saturday, September 15, 2018

weekly outlook Sept 17, 2018

Any student of cycles understands that cycles do not always fit the assumed  length.   If it is a long cycle of several months a variation of  length (short or long) may be of small consequence.  Whereas one or two days may be significant for a short cycle.  As a result it may be necessary to adjust bottom pivot points so charts more closely match past movement....

For short cycles medium length cycles provide the  frame for shorter cycles  (20 weeks divides in to two 10 week cycles and 4 five week cycles.  So changing the bottom pivots of the 20 week cycle  changes pivots of the 10 week and 5 week cycles.  To sum it up:  without expensive tools these changes are made using the ole "eyeball".  And the "eyeball" is imperfect.

Two longer cycles (10 and 20 weeks) are up.  5 week cycle tops mid week.  probably up week  (could be sideways).


GL traders.

Saturday, September 8, 2018

Sept 10, 2018 weekly outlook

Venezuela   is a basket case.  South Africa in a recession.   Turkey and Argentina in bad shape.  Sanctions on Iran, NOKO and Russia..  Brazil starting to look weak.  I told you possible weakness by mid September  and I may have been too conservative.  Indonesia has currency issues.  EM contagion is spreading.

UPDATE Bitcoin chart:

GL Traders