The LT wave had a poor month in November.
The expected pattern held up until around the 12th, but the subsequent price action was much weaker than expected until the end of the 3rd week. And then stocks rebounded sharply in the final week, when strength was projected. Some would say: phase inversion. I just call it: didn’t work this month. There are no certainties anymore ;-)
Here is the LT wave for December:
Looks like an interesting one. Some sputtering in the first week followed by a strong second week. Mild weakness in the third week and then strong for the rest of the month from the 20th onwards. Bodes well for a Santa rally and we may see a close at the highs for the year. That is if our cycles come back and hold up, which I obviously can not guarantee.
The usual caveats apply: the LT wave is experimental and purely based on natural cycles, so not on market or price data. Don’t bet the farm on it.
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