What is Picasso saying?

This earlier post is being repeated again since nothing has changed much since and the Picasso dates have been accurate, so far.

This was posted on February 21,2016 & March 29,2016:
Again, Picasso is not displaying any swings going forward for the DJIA.  So it is not easy to interpret a near flat line with an upward bias into April & "maybe" May.  But, GE is the only stock left in the Dow30 that is one of the original DJIA stocks.  Although the price charts of GE & the DJIA are not similar, their changes in trend have been similar in the past.  Due to this similar trend between GE & the DJIA, it is best that Picasso's readings for GE be used temporarily as a proxy for the DJIA.

In looking back we can see that Picasso was able to look into March and April and see that the rally should continue higher and it did.  Picasso is now approaching potential turn dates.  Below are dates that are now appearing after the, as described above, "a near flat line with an upward bias into April & "maybe" May".

Picasso's dates are always +/-

April 7 to 12 - low
April 20 to 25 - high
April 29 to May 2 - low
May *7 to 17 - high
June *17 - low

Intermediate cycles - Late April early *May high & *June +/- low

* = potentially important dates


The Average Election Year chart has been a good guide, so far.  See chart on March 24,2016 post.

The 8th Year of a Two Term President chart has been an excellent guide, so far.  See chart on March 24,2016 post.

The market is short term OB and the cycles still looks positive.  But, we are now in the window of the first turn date suggested by the 8th Year of a Two Term President chart and the Average Election Year Pattern.
The next group of suggested turn dates for a high are between April 20 & May 17 with a cluster of cycles on or around  May 7.
So watch indicators carefully for confirmation of a high.

More, as it unfolds.



From the April 21,2016 Post - Thought it would be a good idea to repeat this as well.






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