Short Term Forecast

Review of the last Short Term Forecast Dates Made Feb 15th

- Forecast Trend Change Dates are (+/-)

1) Feb 18th 

2) Feb 28th

 

COMMENTS

Feb 8-13th -  The DJIA had a minor top on Feb 6th (Feb 8th was a Sunday) and the DJIA was not much higher on Feb 13th.

Feb 18th - Feb 18th was a non event.  The market kept pushing higher.

Feb 28th - At this point the DJIA made an intraday high on Feb 25th

 

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) March 3-5
2) March 7-11
3) March 13-15
4) March 19-25

 

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 (a bottom was made on Feb 2nd) time frame into mid 2015 +/-.

After reviewing the short term cycles, it is likely that the DJIA may drop into late Feb to mid March.  The market did not correct in the second half of Feb as the seasonal charts and cycles suggested.  

Indicators and oscillators must be watched for moves in the market because we are at a time where sentiment is optimistic and dumb money is buying and smart money is selling.  In the past this combination has been a catalyst for a correction.  A correction is over due and one would be healthy at this time and it would be a launching pad for another leg up.

 

 

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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