Friday, January 27, 2012

Time and Price Targets achieved! What's next?


1/4/12 Master Cycle2 (MC2) prediction :"We should continue to rally into a triple top into 1/18-26 High, with a 1310-30 SPX target. The MC2 was looking for a final 1/26 High +/-1"

Actual: On 1/26, the markets reached 1333.47 SPX intraday High and then saw a reversal lower.

Time, Cycle and Price targets were achieved.

However,  the day by day MC2 was not quite exact in the last week. For this and other reasons, the current bias is that the MC2 has shifted + 2 TD forward.

The MC2 was looking for a 1/18-26H,  in details: 1/18H, 1/20L, 1/24H, 1/25L, 1/26 final High

Actual was + 2 TD: 1/19H (+1), 1/24L (+2), 1/26H(+2), 1/27L(+2) , 1/26 = +2 TD = 1/30 final High.

What's next?:  One final Monday 1/30 High, before we see a relatively sharp decline for a certain number of days, then see yet another rally after that. A final confirmation that the High is in is when we close solidly below the up channel, currently at 1298 SPX. Of course, if we continue dropping Monday, then the original Scenario remains on track.

12 comments:

Austin said...

Raj
Are you saying that we have a new high on Monday above 1333? Or do you mean a "test" of 1333 forming a lower high?
Thanks
Great work
Austin

Raj Time and Cycles said...

Hi Austin,

Ideally we see a test above 1333, but any retest is fine too.

Raj

Raj Time and Cycles said...

"Ofcourse, if we continue dropping Monday, then the original Scenario remains on track."

So much for the idea that we shifted 2 TD.

The large down day that the MC2 was looking for right after the Highs were in, is happening today.

Austin said...

Raj
A nice bullish reversal today. However, you still calling for top in place thus this move will form a lower high?
Thanks
Austin

Unknown said...

Raj,

Since the market topped on schedule instead of +2 TD, do you think the bottom will arrive early by 2 TD, not based on your latest forecast for this week?

Thanks,
John

Raj Time and Cycles said...

Austin, 1/26 was the High.

John, that is correct.

CHARLIE said...

Are we past your date for the top.......what do you see here now?

Unknown said...

Raj, Your next Solar CIT is coming up. Solar CIT's are usually hit within one trading day of the forecast, is it not? Any chance it could be a high instead of a low?

John

Raj Time and Cycles said...

Charlie, the forecast has changed a little and depends on the next few days.


John, yes Solar CITs could be Highs or Low. You seem to know when the next Solar CIT is, are you a subscriber?

CHARLIE said...

Raj

Thanks for your response ....look forward to your thoughts at that time! c

Unknown said...

Raj,

Yes, I am a subscriber. Those Solar CIT's are quite helpful. Am I correct in assuming the Solar and Geometric CIT's are more accurate than the Master Cycle CIT's? Please confirm. Thanks, John.

Raj Time and Cycles said...

Hi John, when the MC is active, it is MC first, then Solar CIts, then geometric CIT.

The 1/30 Low was the brief swing Low, we are now in another rally phase.