The LT wave did OK in April.
Weakness in the first days was evident. The subsequent stronger second week merely kept the index flat, signaling underlying weakness. On the 12 of April a 200 point decline started, a few days earlier than our graph indicated. And even though there were a few rebound days the month ended clearly on a weak note. Here is the LT wave for May:
Weakness in the first days, followed by a stronger second week again. There may be a dip around the 16th, and a few stronger days early in the third week. But just like for April the second half of May looks weak.
Normal caveats apply: the LT wave is experimental and purely based on natural cycles, so doesn’t use any market or price inputs. Don’t bet the farm on it.
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2027 is atually being predicted for a next peak via other predictions in eastern countries.
Thanks Dan. What month do you indicate for the top out month in 2024?
Wouldn’t life be great if there was a method to foretell in which month stocks are going to top out?
It is not possible, because such things will not rarely depend on all kind of political decisions that have not even be made yet. Elections that are still to take place. Wars that may get started or stopped. And other random chance disasters can also affect economies… It is written in the stars when stocks will top out. How about 2027 for a next peak?
Luckily prediction is not needed to invest well. Go along with what *IS* happening and if you do that better than others then your trading can be profitable.
Thank you Dan! You are right. Only when we do that better than others then we will make great profit!