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In a previous article I pointed out the possible existence of a 4666 day (= 666 weeks) and a 88.37 year cycle in the market. Of course, with only 200 years of observed stock market history we have little proof for it. One reader asked whether there are even longer cycles we could possibly consider.…
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A lot of investors think they can only profit by correctly predicting where the market is going to go next. But some investors are actually doing very well by simply going along with what comes along. They follow the market rather than trying to predict where it will be next month, next year… More on…
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A reader mailed me, criticizing my recent post Questioning Financial Astrology , in which I pointed out the problems with using longer term cycles. He is convinced that Jupiter cycle does work in the market and pointed to a post by Raymond Merriman, in which the Jupiter cycle gets mentioned. Quoting the relevant part: Historically,…
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Here is our key reversal table for next week: Weekly Current Mode Key (W) MoM (W) Weeks % Ch. Nasdaq 3,985.97 3,665.43 8.24 45 29.03 S&P 500 1,798.18 1,677.09 7.08 50 26.96 Nikkei 15,165.91 13,504.08 2.06 51 60.21 FTSE 100 6,693.39 6,468.47 3.20 18 2.27 DAX 9,168.69 8,570.97 7.92 18 11.30 Bonds (TLT) 104.73 108.28…
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Stock markets have gone mostly sideways as we indicated last week. The Dow Jones Industrials managed to set new highs, but the Nasdaq failed to do so. On Thursday there was a sudden drop in the market, followed by a remarkable comeback on Friday. This could be the first of a series of air pockets…
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Here is our key reversal table for next week: Weekly Current Mode Key (W) MoM (W) Weeks % Ch. Nasdaq 3,919.23 3,641.07 8.33 44 26.87 S&P 500 1,770.61 1,666.31 6.61 49 25.01 Nikkei 14,086.79 13,430.01 1.94 50 48.81 FTSE 100 6,708.39 6,450.52 2.90 17 2.50 DAX 9,078.28 8,511.13 7.43 17 10.20 Bonds (TLT) 103.41 108.49…
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Stocks continue to hover near their highs, but the market starts to looks a bit tired. We will be entering a new lunar red period this week. The most recent red periods have brought significant gains in most stock markets, but that’s rather unusual. It tends to happen a few times a year and then…
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Note: if you are looking for key reversal levels for other world markets or individual stocks, then check out my Twitter account. I cannot cover every market or stock, but I do plan to increase coverage. Here on the blog I will stick to my weekly post covering the reversals for major markets, gold, oil…
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Here is our LT wave chart for next month (click for larger image): Last month the LT wave didn’t work. The S&P 500 actually bottomed on October 9th and then rose to new record highs, exactly the opposite of what the chart projected. For November we see a slightly positive bias until the 14th followed…
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To understand this article, please read Part 1, where it was explained how longer term astronomical cycles are very hard to test because we have only about 200 years of stock market history. Not only that, there are so many astronomical or astrological cycles to chose from that it is almost inevitable that there will…