A New 4-6 Week Intermediate Run...

February 8, 2014

The important fundamental 38 day cycle has just bottomed, and that almost always coincides with an intermediate advance. During a longer term bull market, that advance will last between 4-6 weeks and can add 10-20% gains.

 

Here's a list of the important signs we follow, that validate an intermediate advance has begun:

 

 

INTERMEDIATE LOW REACHED

 

            SPX, Dow, NASDAQ break above centerline of price channel

Fundamental frequency (38 day) cycle has bottomed / rising

Index easily exceeeds 5/10 DMA 

Volume previously spiked on selling climax

Forecast chart shhort term/momentum cycles bottomed

Shrinking numbersnew lows

Rising intermediate cycle

Indices have move out of red zone

 

 

As of Friday 2/7/2014, most of those conditions are already met, and the rise we are trading should continue to break above resistance over the next 4 weeks.

 

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