Short Term Forecast

Short Term Forecast Trend Change Dates
The last forecast made on September 21st stated:
- Forecast Trend Change Dates are (+/-)
1) September 15th +/-
2) September 21st +/-
3) September 24th-28th
4) October 2nd +/-

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

Friday Sept 12th - Monday Sept 15th the DJIA bottomed as the Sept 15th +/- forecast date suggested.
Friday Sept 19th the DJIA topped as the Sept 21st +/- forecast date suggested.
From Sept 23rd to Sept 29th there was a lot of market volatility with a very slight change in the closing DJIA of +15 points.  The forecast dates to watch were Sept 24th - Sept 28th.
The next date is Oct 2nd.  As of this writing the DJIA is down 207 points on Oct 1st at 1:00pm and over 500 points down from the Sept 19th high.

 

UPDATED FORECAST

- Forecast Trend Change Dates are (+/-)
1) Oct 2nd +/-
2) Oct 9th +/-
3) Oct 17th +/-

For those of you that follow Elliott Waves, the SPY Weekly chart made a minimum count of 5 waves up from the March 2009 bottom to the Sept 2014 top.  The 60 min. chart of the SPY today made a minimum 5 wave count down from the Sept 19th top.  If these counts are correct it now suggests a counter trend rally to take place soon.

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

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

So far the DJIA made an all time high on Sept 19th.

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 that chart again...

 
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