Interesting Timing Cycle Today

I don’t put too much stock in cycle tops and bottoms, but an interesting cycle bottom was hit today.  Going back to February 2010 at least (I didn’t check it any further back), this current cycle has marked either bottoms or the midpoint of a double bottom.  Under the primary bearish count, this would mark the midpoint of a potential double bottom that would bottom complete in roughly 18 days.  According to the bullish alternate count, the wave 1,2,[i],[ii] pattern is about to explode upward as wave 3 kicks off.  For fun only, let’s see if it works again.

About alphahorn

I received an MBA from Columbia University’s Graduate School of Business in New York and am a Wall Street veteran. I’ve worked for a number of investment banks including Smith Barney and First Boston/C S First Boston in New York. Over the years, I have developed my own Proprietary Swing System and I combine that System with my own Elliott Wave Analysis to trade.
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1 Response to Interesting Timing Cycle Today

  1. pelucherz says:

    144 trading days from 11/25/11 low. 90 degrees from spring equinox. DXY low of 78.095 on FEB 29th = 78 TD later low on 6/19…failure at the “A” wave low(4/10 low). plenty of substantial evidence was there to warrant a turn, and the fact it happened right at the seasonal change point makes it that much more important. likely that “B” is complete & “C” is underway. target could be possible backtest of upper median line of super bearish pitchfork w/ March 2000 top as anchor(pivots are OCT ’02 low & OCT ’07 high)

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