In my last blogpost, the 39 TD Cycle was looking for a 1/29L and a "last gasp Rally phase".
This was also based on a dominant "active cycle" that has been in that market in the last year.
For any cycle to be "active and alive", it has to have atleast 3-5 recent hits. The result is that these cycles have an amazing predictive value and accuracy.
From the 1/31 T&C Daily Email: "There are several active cycles that are suggesting we rally into Feb 5-8 and see an Important High"
Ideally, we are seeing this last gasp rally into 2/8 High+/-4 CD, as the dominant active cycle is suggesting. These cycles are rare finds these days, probably due to manipulation.
This active cycle has a variance of +/-4 CD and it currently has 8 hits:
1. 03/23/20L
2. 06/08/20H
3. 09/02/20H
4. 09/24/20L
5. 10/12/20H
6. 10/30/20L
7. 01/04/21L
8. 01/15/21L
9. 02/08/21H
The active cycle is next due: 2/8/21H+/-4 CD, so this could stretch into 2/12 and if this cycle remains correct, this should be the major High of the year.
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1 comment:
Hi Raj:
Even though the market is not taking any prisoners and seems to be in no mood to let up, I always respect your forecasts as you do have a very high rate of accuracy. If this particular forecast pans out, I will seriously consider becoming a subscriber for life.
All the very best.
Bob.
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