Picasso Cycle Dates

In this update dates will be mentioned with an "H" for high and a "L" for low.
The chart amplitude can and will be misleading at times, so the chart is not shown.
In addition, it is the date that is most important rather than if that date is a projected high or low with amplitude as sometimes shown on the chart.
One important reason is because in some cases a date may invert and the amplitude and the "H" or "L" may not mean anything.
A low may actually turn out to be a high and visa versa.
Also it is very important that other tools always be used to confirm any potential ST Cycle Date. 

Picasso Dates, always +/-  (See comments)
Jan 5-6 L
Jan 17-26 H
Feb 1 L

Comments
The Jan 5-6 L turned out to be a high on Jan 6th.  So this date was an inversion, as discussed above.  The cycles suggest some sideways chop between Jan 6th and Jan 26th.  Price has not developed much of a trend since the high on Dec 13th.  In fact it has been in a sideways trading range since several attempts at DJIA 20,000 failed.  Long term indicators appear positive.  Negative divergence on many indicators have been broken very late last year and so they now suggest further upside once 20,000 is pierced.  So, if a small pullback develops into the Picasso cycle date of Feb 1st +/- and daily indicators are OverSold, it may present a good buying opportunity.

Keep following JustSignals using Twitter, @StockTwits or Follow By Email. 
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