Short Term Forecast

Short Term Forecast Trend Change Dates
The last forecast made on September 11th stated:
- Forecast Trend Change Dates are (+/-)
1) September 15th (Probable Top)
2) September 21st (Probable bottom)

Following cycles has been good to use as a guide or as a potential future road map, but, other tools must always be used for confirmation of any forecast trend change date.  

COMMENTS

From the Aug 7th +/- forecast date the market rallied into the August 12-25 +/- forecast window and topped on Aug 26th at the end of the forecast window. 

The next Short Term Forecast date was September 3rd +/-.  The market rallied into the Sept 3rd +/- window.

The DJIA has been in a trading range since Aug 26th with a bias to the downside and bottomed in the Sept 12th - 15th window.

The next trend change date of Sept 21st may turn out to be a short term top rather than the suggested probably bottom.  This is why the forecast tops and bottoms were changed to just forecast trend change dates and indicators/oscillators should be used to try and confirm tops or bottoms.   

 

UPDATED FORECAST

- Forecast Trend Change Dates are (+/-)
1) September 15th +/-
2) September 21st +/-
3) September 24th-28th
4) October 2nd +/-

Since cycles do not distinguish between trading days and calendar days, the cycle dates may come out on Holidays or weekends.  So the dates suggested that do fall on such days are to be used as a window.   So, as always, other tools must always be used for confirmation of any forecast cycle trends.  All forecast dates will still be noted with a "+/-" because the cycle dates are not always as perfect as we would like them to be.  Although they have been pretty accurate.   

Intermediate Term Forecast Trend Change Dates The downward pressure of the Intermediate Term Cycles helped the DJIA drop 700 points into the Aug 7th short term forecast date.  From the Aug 7th bottom the market displayed a thrust of momentum that suggests that the market can go higher.  

Intermediate term cycles are currently pointing up into September/October 2014 +/-.  

A chart was posted on August 24,2014 showing the stock market corrections at the end of QE1 in 2010 and at the end of QE2 in 2011.  The third grey area goes out to October 2014 where the Fed announced the QE tapering should be ending.
Here is another chart showing the same thing...

Is it a coincidence that the QE tapering is scheduled to end in October 2014 and the Intermediate term cycles forecast a top in September/October 2014 +/- ?

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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