Saturday, October 5, 2013

2013.10.04 XOI.X Cycle Chart




















According to the cycle model for XOI.X, there are strong seasonal and decadal pressures pushing prices to the 1700 range by the end of the year. For Elliotticians, prices at the end of 2013 might represent the end of a wave 3 advance which began in the Fall of 2012, and the start of a 4th wave correction before prices reach 1850 +/- by the middle of 2014, which would be the end of the 5th wave.

Sunday, September 29, 2013

2013.09.27 DJIA Cycle Chart




















While the historical cycles discovered by the structural model suggest that the DJIA should be on its way down, market reality has intervened. Rather than scrap the model at this point, inasmuch as it continues to converge, I present it because I still have some lingering belief that historical business cycles, while they may be delayed by the extraordinary steps taken by the Federal Reserve bank, will at some point reassert themselves.