The following was posted on November 9,2015
Today's comments are in Blue
Short term details:(every date is +/-)
Nov 2nd high A high was made on Nov 3rd. (note the dates are +/-) As of today Nov 3rd was the highToday's comments are in Blue
Short term details:(every date is +/-)
Nov 4-6 some kind of consolidation or a bias up into Nov 6 We
are still in the Nov 4-6 window, but, it does look like we had a
classic turn around day this morning. The market drifted higher to DJIA
+ 42 and is currently DJIA -76. The
suggested consolidation is what we had with an attempt on Nov 5th to
rally up to the Nov 3rd high, as described above, but that attempt
failed.
Nov 9th low As of the time of this writing, the DJIA is down -220.44 and the cycles suggested a low for today.
Nov 12th high SPY High was on Nov 11th
Nov 17th low SPY Low was on Nov 16th
Nov 22nd high SPY high was on Friday Nov 20th
Dec 5th low This low date has expanded now to Dec 5-7
The short term and intermediate term cycles
are suggesting a bottom sometime in late November to early December. These dates have now extended slightly into December. Short term cycles suggest some volatility from Dec 5-7th to Dec 24th. The cycles suggest several dates to watch for possible turns. They are Dec 9, 11, 13, 14, 16-19 and the 24th. Of course these dates are +/-.
From Dec 24th the cycles have an upward bias into January 7-14.
Intermediate term cycles suggest a bias to the upside into the early to mid part of 1Q2016. Then a
correction into the mid to late part of 2Q2016.
More on both the short term and intermediate term cycles as we get through some of these dates...
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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
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
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