Wednesday, March 1, 2017

Raj T&C Review and Forecast: Looking for a 3/1-2 Cycle High


From the 1/27 Raj T&C Daily Email: The Cycle bias is 1/26 major High, decline into 2/2L+/-1, 2/3H, chop into a 2/9L and see a retest of the Highs at the 2/10H”

From the 2/3 Raj T&C Daily Email: “As the dominant cycle is a Time Cycle, it does not predict Price magnitude, so we could see a higher or lower High at the 2/10H”

Actual: We made a 1/26 High, decline sharply into 1/31 Low and 2/2 higher Low, we then rallied into 2/3H, chopped lower into 2/8L, 1 day earlier and rallied above the 1/26H and beyond 2/10H. The dominant cycle (shown as the Cyan lines on the chart) worked well through Friday 2/10, when a High was expected, but when we rallied strongly to fresh ATH on Monday 2/13, the cycle was confirmed Non activeThe next day, on 2/14 evening Update, we made a forecast based on various Times and Cycles and E-waves (grey lines) looking for a continued rally into 3/1H.


From the 2/15 Raj T&C Daily Email: “The Cycle bias is we chop higher into 2/21H, decline into 2/23L and rally into 3/1H+/-1


Actual: The markets unfolded as expected, with a 2/21H, 2/24L and we are now rallying into a 3/1 Cycle High.

What’s Next:  The forecast since 2/14 has remained on track for more than 2 weeks now. The recent rally since the 11/4/16 Low has been typical of a wave 3 rally, strong and relentless. We are still expecting a rally into 3/1-2 cycle High at the 2/28 Geo CIT or 3/3 Solar time CIT and start a retrace.