Wednesday, April 19, 2017

Picasso Cycle Update

In this update only the date/s will be mentioned with an "H" for high and a "L" for low.
The chart amplitude can and will be misleading at times.
In addition, it is the date/s that is most important rather than if that date is a projected high or low.
One important reason is because in some cases a date may invert and the "H" or "L" may not mean anything.
A low may actually turn out to be a high and visa versa.
Also it is very important that other tools always be used to confirm any potential ST Cycle Date. 

Picasso Dates, always +/- 
Mar 3-14 H - high occurred on Mar 15th
Mar 20-28 L - possible low occurring in this time frame - Low occurred on March 27th
Apr 10-13 H (+/-) - high occurred on April 5th & later on Apr 10th
Apr 4/21-24 L (+/-)
Apr 28- May8 H

Comments
See new comments in blue above and below.

Long term indicators appear positive, so far.  Negative divergence on many indicators were broken very late last year and so they now suggest further upside.  So, if pullbacks develop into the Picasso cycle date lows and daily indicators are OverSold, it may present a good buying opportunity.
In addition, the LT cycles appear to have shifted.  The LT cycles now suggest a high around April-June +/-, a low in August +/- & a high in November +/-. 
Always remember to confirm cycle dates with your or your professional investment advisors analysis.

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