Hurst Projections to 2237 satisfied
#1
Posted 07 December 2016 - 04:55 PM
In my last post I suggested we might get a good pullback into December
before reaching 2237 to match what happened in 1980 after Reagan was elected. We got a nice pullback in the Nasdaq,
but only a very small pullback in the S&P. We have
no higher projections and would need a pullback below the 2.5 week offset to
set up another rally, at least from a Hurst perspective.
Got to give credit to Fib for his long standing projection to 2250 that was
given a long time ago. We are less than a stones throw away. Fantastic work
My question to Fib is are we close at all to any type of higher long term projections
#2
Posted 07 December 2016 - 10:35 PM
My cycles are not strong. I looked through stocks that I list off the heatmaps, most are not that well still under
downtrends and resistances. It could right translate to the next 9 week peak in 7 weeks but I am not chasing.
It should drop some and then peak again in 7 weeks. I have seen QE turn or invert a low slowly grinding through
it until the phase was up again, I dont think so a good drop looks likely after 7 weeks and all the potential
of this is extended. Best in any case to realign in the next drop wait after 7 weeks and see what it looks like.
"marxism-lennonism-communism always fails and never worked, because I know
some of them, and they don't work" M.Jordan
#3
Posted 08 December 2016 - 08:02 AM
It was posted on August 28. An amazing analysis by Jeffery Young . Bears will have to wait till 2018.
http://hurstcycles.c...c-comment-title
#4
Posted 08 December 2016 - 08:49 AM
While I cannot speak to Hurst TA, I can say the SPX just broke strongly upward to new ATHs on the strongest volume of the year, the Dow did likewise, the summation index is confirming the new highs AND the trannies gave a Dow Theory confirmation to the new ATHs... from what I read, it kinda sounds like Jeffery's Hurst take is correct... and time will tell.