Week ended definitely appears to have made a bottom. If so. the next minor bottom should be in early February (5 week cycle bottom). Then 5 and 10 week cycles bottom mid March. Opinion subject to change if data dictates:
Have a profitable 2019
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, December 29, 2018
Thursday, December 27, 2018
Saturday, December 22, 2018
Dec 24, 2018 weekly outlook
Appears we have made an ICL (Intermediate Cycle Low). I shifted the cycles to more closely match the data (as I interpret it.). Also RSI broke below "over sold" level.
Enjoy the holidays!!
Enjoy the holidays!!
Friday, December 14, 2018
weekly outlook Dec 17, 2018
10 week cycle seems to be controlling the trend of the market (in down half of cycle). SANTA CLAUSE rally seems questionable. Maybe we get a NEW YEAR rally??
GL traders
GL traders
Friday, December 7, 2018
Weekly outlook Dec 10 2018
The expected "W" pattern completed Monday and then the market fell the remainder of the week. For the year (so far) the market fell into negative territory for 2018. Needs to fall a bit more to break the February low.
I believe new lows are likely as the 10 week cycle seems to be strong and if we are to get a Santa Claus rally it needs to start soon.
GL Traders
I believe new lows are likely as the 10 week cycle seems to be strong and if we are to get a Santa Claus rally it needs to start soon.
GL Traders
Saturday, December 1, 2018
Dec03spx2018
The "W" pattern I have anticipated is almost completed, The 40 week (9 month) and 20 week (4 1/2 month ) cycles are up. The 10 week cycle is topping and turning down. Will the 10 week cycle be strong enough to not only counter the long cycles, but also set new lows?
GL traders
GL traders
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