What is Picasso Saying?

This earlier post is being repeated again since nothing has changed much since and the Picasso dates have been accurate, "so far".

This was posted on February 21,2016 & March 29,2016 & April 25,2016:
Again, Picasso is not displaying any swings going forward for the DJIA.  So it is not easy to interpret a near flat line with an upward bias into April & "maybe" May.  But, GE is the only stock left in the Dow30 that is one of the original DJIA stocks.  Although the price charts of GE & the DJIA are not similar, their changes in trend have been similar in the past.  Due to this similar trend between GE & the DJIA, it is best that Picasso's readings for GE be used temporarily as a proxy for the DJIA.

In looking back we can see that Picasso was able to look into March and April and see that the rally should continue higher and it did.  Picasso is now approaching potential turn dates.  Below are dates that are now appearing after the, as described above, "a near flat line with an upward bias into April & "maybe" May".

Picasso's dates are always +/-

April 7 to 12 - low             Low hit during Picasso dates
April 20 to 25 - high          High hit during Picasso dates
April 29 to May 2 - low      Low hit during Picasso dates
May *7 to 17 - high         
June *17 - low

Intermediate cycles - Late April early *May high & *June +/- low

* = potentially important dates


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This has been posted for Educational Purposes Only.   Do your own work and consult with Professionals before making any investment decisions.  
Past performance is not indicative of future results