Disclaimer

Disclaimer: This blog should be read as a 'whiteboard' of my daily thoughts and ramblings and specifically not, in any way, advice to trade. My interpretation of the works of Gann, Goodman, Fibonacci, Elliott, Hurst et al; is entirely my own and should be read as such. Any opinions, news, research, analyses, prices, or other information contained in this report are provided as general market commentary, and does not constitute investment advice. I will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

Tuesday, 16 July 2013

Dow Cyclic Phasing

Timing zones provided by Cyclic Phasing need to be treated with a lot of flexibility. The  March 2009 low was some 15months overdue according to my calculations, although the actual drop in October 2007 began when the low was expected - so late but it still came. As that cycle was long, it sometimes follows that the next one will be short. Indeed the first two 80 week cycles have been short, but now this last one in the 54month cycle is running long, as if to make up for the fact. However, as we stand now, the 54month cycle is not late and the low is anticipated in October, although it might be that we just keep rolling up till then and repeat the drop zone action as per the last cycle.
With this third and last 80week cycle running long, it is no surprise that the 100 day cycles have been stretched a tad! It does appear that the 4th and last 100 day cycle (within the 3rd and last 80 week cycle in this 54month cycle - I know!!) began in June and as such, we are awaiting the drop into the first 25day low. Given the choppy/toppy price action of late, it maybe that the low gets lost in the noise, but the momentum indicators should help to diffuse the matter. I am looking for the blue daily momentum study to drop below the 50% line and as of yet, it has not occurred. Once it has, I'll be looking to buy that low on the basis that a new high may be on the cards and a possible roll up to October as discussed above. If the 25 day low fails to deliver a new high, then we may be rolling down hill quite hard as the 50 day low comes into view in early September. All good fun!

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