Stockmarket CYCLES: 55 days, 18 months, 4 years
The 18 Month Cycle DOMINATES the Market, says Stan Hurley
Each 78wk Cycle has about 6-8 Shorter 55d/ 2-3 Mo.Cycles
(In viewing charts, compare Top Chart with the one Below, which overlaps one cycle later.
So line-up charts, and expect Low in Top chart when chart Below bottomed.)
"2-3 Month Cycle" / 55d. CYCLE::
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"18 Month Cycle" / 78.5wk. CYCLE: Next Low due Sep.2004
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"Four Year Cycle": Next LOW due Oct.2006
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LOGIC of Calculating Cycles, as explained by Stan Hurley:
Numerology: Fibonacci numbers: 26, 34, 42, 55 & the number 9
Dominant cycle: 78.5 weeks (Ave.of the Fibos= 39.25wks x 2)
Next Bottom: around Labor Day: "Flat to down" until then
Buyiing opportunity then: 10-15% move possible, off that low
Upclose, the CURRENT Situation: (as of 17 July 2004):
Low : Friday.July 17th: +/-4-5 trading days: Then Moving UP.
Expect: 10 trading days sideways/up
Then, around Aug.1st, the Downtrend to resume
Next 55 trading day cycle, bottoms late August/early Sept.
= = = = =
LINKS:
BROADCAST, FS.: http://www.netcastdaily.com/trend/trend071704.ram
Stan Harley's Site... : http://www.harleymarketletter.com
% Advisers Bullish...: Stockcharts: $BPCOMPQ
78WK advfn thread.: Comments welcome, please visit |
