Review of the last Short Term Forecast Dates Made March 22nd
- Forecast Trend Change Dates are (+/-)
*) March 19-25
1) March 29 to April 3
2) April 5-7
3) April 12-13
COMMENTS
March 19 to 25 -DJIA topped on March 23rd
March 29 to April 3 - DJIA topped on March 30th and bottomed on April 1st - a tricky one
April 5 to 7 - DJIA stalled on April 6th
April 12 to 13 - DJIA at the time of this writing topped on April 13th
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 (+/-)
The forecast dates from this week to the 2nd or 3rd week of May are not easy to interpret.
More time is needed to evaluate this time period due to what is perceive to be many cross currents and a possible sideways consolidation period.
More on this to be posted in a few days.
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 -
The following was posted on March 22nd -
"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 mid 2015 +/-.
After reviewing the short term cycles, it is likely that the DJIA may
drop into late March or early April"
After an early February bottom the DJIA grinded with a bullish bias with small pullbacks in late March and early April as forecast.
From here the Intermediate cycles still call for some more bullish bias into mid 2015 +/- and that could mean +/- a month or so.
*** 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.
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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
