In this update only the date/s will be mentioned with an "H" for high and a "L" for low.
The chart amplitude can and will be misleading at times.
In addition, it is the date/s that is most important rather than if that
date is a projected high or low.
One important reason is because in some cases a date may invert 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 +/-
Aug 4-12 L - low was SPY 8/11
Aug 8/18-23 H - highs were made on 8/16 & 8/22
Aug 30-Sept 7 L - a low was made on 8/29
Sept 13-22 H - a high was made on 9/14
Sept 29-Oct 5 L - a low was made on 9/25 (left translation of this cycle date)
Oct 11-17 H - up into 10/18 and high made on 10/23
Oct 10/24-31L --->Sorry for the late posting of this date - Low on 10/25
Nov 11/6-9H
Comments:
Long term indicators appear positive, so far. Negative divergence on
many indicators were broken very late last year and so they now
suggest further upside. So, if pullbacks
develop into the Picasso cycle date lows and daily indicators
are OverSold, it may present a good buying opportunity.
So far this forecast came to pass. The
August low was accurate.
In addition, the LT cycles suggested a low in August +/-, which we had, &
a high in late November/early December +/-.
Always remember to confirm cycle dates with your indicators and or
your professional investment advisors analysis.
The LT Cycle low suggested for August was
shallow. The DJIA high was 22,179 and the DJIA low was 21,600. This
was a 2.6% correction. Not much, but, it was a correction as forecasted
nevertheless.
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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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