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 - Low on 10/25
Nov 11/6-9H - High on 11/7
Nov 24-27L - Low was early on 11/15 and out of sync with the cycles
Dec 3-9H -
High on Dec 4, so far
Dec 25L
Jan 7H
Comments:
Long term indicators appear positive, so far and the ADL is still making new ATHs.
The
LT cycles suggested a low in August +/-, which we had, &
a high in late November/early December +/-. Well,
we are now in this time frame and this is where we need to be careful
and keep an eye on our indicators for any change in the trend.
-Looking out into 2018 the Picasso LT cycles suggest a mid year low.
-This also
coincides with the four year Presidential cycle (2017-2020) where there
is usually a low in the second year, (2nd yr is 2018), and a high in the
third year, (3rd yr is 2019). It is widely known that the mid-term years
are the best years for the stock market. (Keep in mind that nothing
works 100% of the time!)
The "key" is to be able to recognize when the second year low is in and when the third year high is in.
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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.
