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Saturday, June 29, 2019
MTU Month-End Ed - Structures (6/28/19 close)
Long term bull/bear tracking in light of the new all-time high in SPX.
DJIA / Indexes - if the main LT trend remains up some relevant past wave seqs seem to indicate the corrective patterns should run for at least another 18 months in a solid range, net sideways, possibly to early 2021. That range has probably already been formed.
If alt however Prechters orthodox EW count is true, deeper declines will happen to that same time frame. Patterns on DAX UKX NIKKI NYA and maybe also NASDAQ seem to be more consistent with that view.
All the main cycles are out of their usual alignments so its making prediction more difficult that in past decades.
Chart 1 - early count may be in error. Mkt is prob in A wave correction still from Jan 2018.
ReplyDeleteChart 2 - I dont believe this will pan out as time unfolds but if trend up blue wave 1 would be the Jan 2018 top. Wave 2 would be Dec low.
Mkt at juncture point now.
Could move down or up - more likely the former.
MTU your email address doesnt work.
Pls check.
Mkt Man
DJIA / Indexes
ReplyDelete- if the main LT trend remains up some relevant past wave seqs seem to indicate the corrective patterns should run for at least another 18 months in a solid range, net sideways, possibly to early 2021. That range has probably already been formed.
If alt however Prechters orthodox EW count is true, deeper declines will happen to that same time frame. Patterns on DAX UKX NIKKI NYA and maybe also NASDAQ seem to be more consistent with that view.
All the main cycles are out of their usual alignments so its making prediction more difficult that in past decades.
Mkt Man