Short Term Forecast

Review of the last Short Term Forecast Dates Made Jan 2nd

- Forecast Trend Change Dates are (+/-)

1) Jan 20-25th

2) Jan 28th

3) Feb 1-6th

4) Feb 8-13th

5) Feb 18th

 

COMMENTS

Jan 20-25th - The DJIA topped on Jan 22nd right in the trend change date window

Jan 28th -  The DJIA closing bottom occurred the next day

Feb 1-6th - The DJIA had a minor top on Jan 6th

Feb 8-13th - To be discussed in the next update

Feb 18th - To be discussed in the next update

 

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.  

 

NEW SHORT TERM FORECAST DATES

- Forecast Trend Change Dates are (+/-)

1) Feb 18th 

2) Feb 28th

3) Additional dates will be given between Feb 18th and Feb 28th and the price pattern tells us how it decides to unfold.

 

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 - at this time the Short Term Cycles and the Intermediate Term Cycles are not in sync. The Intermediate term cycles suggest that the DJIA maybe turning up in the February/March time frame into at least mid 2015 +/-.

An earlier Intermediate term post on November 6,2014 stated, "cycles forecast at this time points up into mid to late November and then a down bias into December/January".  

The late November forecast turned out to be a top on Dec 5th and then the DJIA dropped into Dec 16-17.  It then rallied into a top on Dec 24-26 and then dropped again into a bottom on Feb 2nd.  The downward pressure forecast did occur, but, the DJIA displayed resilience. 

After reviewing the short term cycles, it is likely that the DJIA may drop into late Feb to mid March.  

The intermediate term cycles suggest that this may be the next and possibly the last entry point this year before a good rally.

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Past performance is not indicative of future results

US Dollar Futures Record Long Position

Courtesy of J. Lyons Fund Management, Inc./My401kPro.com

The vertical lines were added to make it easier to line up the extreme net long positions with the US Dollar Index.

Commercial Hedgers tend to sell into strength and buy into weakness, just the oposite of Non-Commercial Speculators.

Keep following JustSignals using Twitter or Follow By Email.     
Just submit your email address in the box on the Blog homepage

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