The 2.5 week projection to 2884, which gives a projection range of 2874 to 2894, has entered the lower end of the range, so still plenty of room. The Nasdaq did give a 2.5 week projection to 7965 with a range of 7940 to 7990, so some room left there too. There are no higher projections at this time, so we are getting closer. There is a 9 month (8 month) cycle low due first week of October + or - a couple of weeks. We'll have to see what that brings. It certainly is a very right translated bullish pattern assuming we get some kind of decline right after Labor day or sooner.
Entering lower end of Hurst projections
Started by
Spectacular Bid
, Aug 24 2018 10:59 AM
2 replies to this topic
#1
Posted 24 August 2018 - 10:59 AM
#2
Posted 24 August 2018 - 11:23 AM
we may have some profit taking sell around the corner.
#3
Posted 24 August 2018 - 03:02 PM
Hi SB,
Nice to see you.
I have had the same projections come up, also an unfulfilled one to 283-282, from the last decline.
I have been finding Hickson's work on category interactions on Hurst FLD cycles very useful in my trading.
Best regards,
~D