Mar 18, 2014

Update March 18 2014



I have been very busy with my regular work and did not have time for updates.

A new primary cycle started on February 4/5 in the European and US indexes. An early top was formed around March 7. The DAX and FTSE are weaker and did not take out the top of the first daily cycle. They made their tops around February 26. After this top, serious declines followed on the European indexes, with the DAX even going below the previous primary cycle bottom of February 4. European indexes made a bearish crossing on the weekly chart, US indexes are still in positive territory.

To make clear the difference between US and European indexes: on yesterday’s close, the DAX was 6,3% below this year’s high and the S&P500 was 1,1% below this year’s high.
US indexes are still performing well and might make higher tops.

The bottom of February 4 is interesting, because it has a connection with day counting techniques with the notorious period around April 22.

Primary cycle start
4-Feb-14
Cycle end @ min. duration
29-Apr-14
Cycle end @ max. duration
29-Jul-14


Possible reversal dates:
8-Apr-14

22-Apr-14

16-May-14

29-May-14

27-Jul-14


Bradley dates:
22-Mar-14

6-Apr-14

27-Apr-14

6-May-14

16-Jul-14 (level 1)