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
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%+/-.
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.
October 1,2018 the Picasso Cycle suggested a high +/- 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 suggesting now?
The Cycle is shifting again from a low in late Nov / early Dec to now a low around the end of Dec +/-. The Picasso Cycle, again, stopped on Dec. 20,2018 in the same way it did in January 2018.
Now we know that this cycle bottom on Dec 20th was only 2-3 TD's from the low on Dec 24th.
This does not preclude new lows between now and March 2019.
But it does suggest that if that were to occur that it "should" be a buying opportunity going into March 2019.
After the suggested Cycle low in December occurs 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.
*****************************
***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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