http://www.safehaven.com/article/31142/times-and-cycles-review-and-longer-term-outlook
Review: In my 9/10 blog post, http://timeandcycles.blogspot.com/2013/09/review-and-forecast.html, I was looking for a 9/11H, brief pullback into 9/13L and another rally into 9/18H. It was also mentioned then that a rally above 1692 SPX would lead to a retest of the 8/2 all time Highs.
Review: In my 9/10 blog post, http://timeandcycles.blogspot.com/2013/09/review-and-forecast.html, I was looking for a 9/11H, brief pullback into 9/13L and another rally into 9/18H. It was also mentioned then that a rally above 1692 SPX would lead to a retest of the 8/2 all time Highs.
Actual: We
rallied into a 9/11-12 Solar Change in trend (CIT) High, saw a brief pullback
into 9/12-13 geometric CIT Low and continued to rally into today, retesting the
8/2 All time Highs at 1709.67 SPX.
Longer term: We
made a 35 month cycle Low at the 6/24/13 Low at 1560.33 SPX and have rallied
above the 3/24/00H at 1552.87 SPX and 10/11/07H at 1576.09 SPX and trend line,
which currently is at 1596 SPX. The markets are bullish above 1560-1575 SPX Make or Break support
area and bearish below it.
What’s next shorter
term: We should rally into a 9/18 Solar CIT High+/-1 and see a decline into
the next Time and Cycle cluster Low.
9/20 Update: 9/18 Solar CIT was the 9/19 High right at the Open High of the Day.
We are now down into my next T&C Cluster CIT. Swing traders that went short at the 9/18-19 High, should be in profits now. Keep your stops tight at the 9/19H.
9/20 Update: 9/18 Solar CIT was the 9/19 High right at the Open High of the Day.
We are now down into my next T&C Cluster CIT. Swing traders that went short at the 9/18-19 High, should be in profits now. Keep your stops tight at the 9/19H.
5 comments:
do you think it will be a major decline or minor?
Now we will see
Wiseman, we should see a decent decline.
9/18 Solar CIT was the 9/19 High right at the Open High of the Day.
We are now down into my next T&C Cluster CIT.
do you think this down cycle will end soon?
does the shut down effect your timing?
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