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Friday June 13,2014, 11am
Change in Trend (CIT)
Short Term CIT forecast Update
The last forecast made on May 28th stated, "After May 28th, the next forecasted cycle lows are June 13th & July 6th with a bounce in between."
Since May 28th the market continued its rally to a top on June 9th. It then proceeded to sell off, so far, to a bottom made this morning, Friday June 13th, at around 10:00am, just as forecasted on May 21st.
Following cycles has been good to use as a guide or potential future road map, but, other tools must always be used to confirm any forecasted cycle trends.
UPDATE
So far there is no change in the forecasted cycle lows today, June 13th & July 6th with a bounce in between. This bounce may find itself ending around June 23rd +/-
There is no change in the Intermediate Term forecast
Intermediate term cycles are currently pointing down into July 2014 +/-.
So this may prevent some rallies from materializing, but if they do occur, some investors may take advantage of these rallies and sell into them.
We continue to witness this type of action.
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.
Past performance is not indicative of future results.
Perhaps your "UPDATE" sentence got cut off? "This bounce my find itself ending around ....?.". Would appreciate knowing your thoughts on when the current bounce might end. Thanks as always for sharing your work. Regards, Jim P.
ReplyDeleteJim thank you for seeing this !
ReplyDeleteI just updated the post. This bounce has the potential to go in to June 23rd+/- As always use other tools as this is only a forecast.
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