The Short Term Picasso Cycle is still not yet in sync with the
stock market where it can be useful. So only the Long Term Picasso
Cycle will be discussed at this time.
This year the Picasso Cycle has helped us greatly in suggesting when we can expect a change in trend.
See the recaps below.
Long term
As previously discussed, the
LT cycles suggested
a high in late November/early December 2017 and this suggested high on the LT
Cycles chart kept shifting forward until it stopped dead on Jan. 17,2018.
Shortly thereafter, the stock market slide 10%+/-.
This was posted on October 1,2018
and the Picasso Cycle suggested a January high and was just 2 weeks
early. This gave us time to watch for the confirmed sell signal on
daily and 180min charts.
Looking out into 2018 the Picasso LT Cycle suggested a mid year low. This Cycle low came in late June / early July. The DJIA low at that time was marginally higher than the actual March low.
This was posted on October 1,2018 and the Picasso Cycle suggested a mid year low which was confirmed on the daily and 180min charts.
The Cycle is shifting again and it is
currently suggesting a high around now +/- .
This was posted on October 1,2018 and the Picasso Cycle suggested a high around now +/- and again this high was confirmed by the daily and 180min charts. With an October 3,2018 high, the market dropped into October 29,2018 and Picasso helped side step this correction and profit from it.
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What is Picasso is suggesting now?
The Cycle is shifting again from a low in late Nov / early Dec to now around mid Dec +/-.
After this suggested Cycle low it then
suggests a high in March 2019. This March 2019 high has been suggested
for some time now. So we need to give it time to develop. If it
changes as we get closer it will be noted here in a future post.
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***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.
This will be watched carefully and an update will be made when the charts and cycles suggest that a bottom has been confirmed.
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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.
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