Short Term Trading Member Forum

[airedale88]

i've had some pm's and emails asking me about my Hurst cyclic phasing of the market in light of how price action has certainly not followed through with what i expected since mid november 07. these are some charts i created starting in january and never got around to posting.
this first chart is the weekly NYSE Comp going back to 1994. i used the stockcharts.com cycle indicator. it's fixed in length and can't be adjusted for minor cycle variation. the 78/80wk cycle is highlighted and i find it remarkably consistent through the last noted low of aug 2004. three 78 wk cycles are contained in each 4.5 yr cycle, noted by red arrows.


this next chart uses the cycle indicator to add on the nominal 40 wk cycle (half the span of the 78/80wk). with slight minor variation, this cycle is evident in the data and indicates late april into very early may 05 as a nominal 40 wk low.


see next post.......