CHARTS_CCI_SYSTEM

[DowDeva]

Hurst update.

So...it's not good to have a scenario in your head. It's prevented me from gains and made me losses many times. I know that and still, I keep doing it all the time. It's human nature. We don't like the unknown and we like to have a plan. This is where meditation comes in useful to empty the mind, but been too lazy lately.


With that said, the Hurst 4.5 year low was due in late August, which was what everyone expected. That would make a big low coming up in June (which I spoke of many times), then a bounce in the summer, then the 4.5 year low. Because of this scenario I thought that the 322 target I posted back in March would come after a sideways channel for a few months.

Wrong.

David Hickson of Sentient Trader just posted a new update on Youtube in which he stated that the 4.5 year low most likely came in very early in March. They have been coming in early for over 20 years (bullish) I also am entertaining a theory lately that the 9 year cycle has morphed into an 11 year cycle since at least 1987 (bearish). I tweeted that to David and he was actually very interested. I thought he would blow me off.

The sum of all this is that if we just pushed out of a 9 year low and a 4.5 year low the summer should be very strong. And between a bullish 4.5 year cycle and a bearish 9 year, the volatility will get stronger and stronger going forward, like the big swings we've had in the last few years.

There is the next nested 20 week low due in July and if nothing else, we may retrace to 300, pending price at expiry. Considering we have come up so far, so fast, it could be interesting.

Here's David's video and it's worth watching, even for non-Hurstonies.