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Cycles and T's


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#1 Rogerdodger

Rogerdodger

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Posted 16 February 2007 - 10:59 AM

It is interesting that Airedale's wonderful cycle work using one theory (See his post below) is often close to Terry Laundry's T Theory.
Terry has noted that usually, somewhere in an ongoing rally you will see a pullback to the 55 DMA of the S&P but it hasn't happened. This has been a very strong mother which I think speaks of the money still sloshing around.

Feb 12th:

The chart of the Rate T forecasts below is calling for a low around Feb 14th and I
would expect some continued weakness into next week. A low around that date,
that is plus or minus, is likely to be a bottom prior to the resumption of the rally
in
the new T that I have tentatively constructed in my update one week ago. A minimum
correction is still expected back to the 55 Day MA of the S&P and is currently
at 1414.
Note the low projected for 12/29 turned out to be significant a few days later as the
resulting rally from the early January actual low appears to formed a new Short
Range T. The low projected for 2/14, if it proves deep enough, could mark the
second low that commonly forms around Short Range Ts. However now that a new
T is forming, the low should not be below the early January low. Terry Laundry


Edited by Rogerdodger, 16 February 2007 - 11:02 AM.