Short Term Cycles Update

The following was posted on December 23,2015
Today's comments are in Blue

Short term details:(every date is +/-)

Dec 16-19 could be a high and Dec 24th a low as suggested by the short term cycles.   This was a direct hit as the high did come in on Dec 17th in the middle of the forecast range of Dec 16-19.   So far, the Dec 24th +/- low was a little late as the market did bottom on Monday Dec 21st.  But if you follow this Blog you would have read that there was a shift in the SPY Buying Pressure and that indicator called the market turn.

These dates are always +/- 

From Dec 24th the cycles have an upward bias into December 29th to January 7-14   Dec 29th was another direct hit as a high did come on exactly that date.  There was a bias up into Dec 29 to Jan 7-14 and that is still the cycles forecast.  The market does not go either straight up or straight down and therefore some counter trend moves do occur in these periods.  The big moves seen on the last days of 2015 and the big down open this morning was much more volatile than the cycles suggested.  Cycles do suggest turning points and direction, but, they are not to be used for amplitude.

Here is a pic of the current cycles described above.

The Short Term Cycle dates have been highlighted.   On the way up into the Jan7-14 suggested highs, the cycles did suggest a low on Jan 3rd which was Sunday.  The cycles don't know from weekends and Holidays so a carryover to the next day or a "+/-" interpretation is always prudent.  It is possible that today "MAY" be a short term low.   Refer to the chart above for a potential future move in the market.

Always use  other indicators to CONFIRM the cycles suggested moves.

Intermediate Cycles suggest  some sort of correction in the first half of this year.  Recent similar intermediate cycles suggested corrections occurred during April 1992 - Oct 1992 & Feb 2004 - Oct 2004.  The new dates are from Jan/Feb 2016 - May/June/July 2016.

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