Confirmed Intermediate-term Signal: Stock Market Cycle Analysis

| April 14, 2012

The decline this week generated a cycle high signal, confirming that the intermediate-term cycle high (ITCH) of the current intermediate-term cycle likely formed last week.

A shallow decline into the forthcoming intermediate-term cycle low (ITCL) would reconfirm right translation and favor additional intermediate-term strength. Alternatively, an extended decline that approaches the last half cycle high (HCH) near 1,285 would suggest that cycle translation is in question.

Category: Signals, Stocks


Comments are closed.