The Sky Is Falling

January 22, 2022

Stocks closed below the previous DCL on Thursday to form a failed daily cycle.

Stocks continued lower on Friday to close below the 200 day MA. Friday was day 32, placing stocks in their timing band for a DCL. A swing low and recovery of the 200 day MA would signal a new daily cycle. Stocks are currently in a daily downtrend. They will remain in their daily downtrend unless they close back above the upper daily cycle band.

In the Weekend Report I discuss how the failed daily cycle impacts the status of the intermediate cycle as well as the status of the yearly cycle.

2 responses to “The Sky Is Falling”

cento100

January 22, 2022

Good Morning, A couple of points to clarify please:

1. “In the Weekend Report I discuss how the failed daily cycle impacts the status of the intermediate cycle as well as the status of the yearly cycle.” I can not find this discussion !

2. On the gold day chart you mention “A close below the (dashed) accelerated trend line will signal the daily cycle decline.” I do not think the line is there !

Thank You,

Alastair Stuart

>

Reply
1. likesmoneystudies
  
  January 22, 2022
  
  Alastair,
  I updated the chart, but neglected to then save it to the report ;0)
  Thanks
  LM
  
  Reply

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