5 replies to this topic

[Geomean]

Stan Harley has often discussed this cycle. I track it on the Daily Dow going back decades. It is a remarkable cycle, but inverts at times, or merely falls on IT inflection points. [The numerical sequence of the inversions would be interesting to plot]. Anyway, the conclusion of the 78 wk cycle hits this/next week and the 377 TD hits early late Feb/early March. Last 377 TD was @ Aug 30, 2010, a significant bottom, and prior to that March 2009 bottom, and the 2007 "balance point" top. and a IT 2004 top. Interesting how this aligns with other indicators.

[Bernie]

Stan Harley also has the 104 td cycles on the 27th of February.... Chart on Crystal Ball

[Data]

Off topic. I know you follow Tom Demark from your previous posts. There's a new Bloomberg interview on 2/21.

[Geomean]

Off topic. I know you follow Tom Demark from your previous posts. There's a new Bloomberg interview on 2/21.

Thanks Data, my Google news alert had not picked that up. Interesting interview. I note he references ES, and not the other averages. 1372 on ES, which is the daily projection. I closed my shorts and am now long ES @ 1351.50 for a VST trade.

[Geomean]

Off topic. I know you follow Tom Demark from your previous posts. There's a new Bloomberg interview on 2/21.

Thanks Data, my Google news alert had not picked that up. Interesting interview. I note he references the ES, and not the other averages. 1372 on ES, which is the daily projection. I closed my shorts and am now long ES @ 1351.50 for a VST trade.

I went back and looked at my ES daily chart again. My count is different--perhaps he's using a different contract--maybe the big futures --I'm using ESH12. The Daily ESH12 price projection is 1370.50.

[Geomean]

That was a quick scalp. Trading the 5 min today. Won't post more on VST trades, too tedious to read.