Stocks Hunting Their DCL – Update

August 10, 2023

Despite the July CPI Report showing that inflation reaccelerated in July, for the1st time in 13 months, stocks managed to close higher for the day.

Thursday was day 32, placing stocks in their timing band for a DCL. A daily cycle decline typically lasts 7 to 10 days so stocks are due for their DCL to form. A swing low and a close back above the 10 day MA will signal the new daily cycle. Stocks are still in their daily uptrend. If stocks form a a swing low above the lower daily cycle bands then that will indicate a continuation of their daily uptrend and signal a cycle band buy signal. A break above 4527.37 will form a daily swing low.

2 responses to “Stocks Hunting Their DCL – Update”

ericlemeur2c508ebb6b

August 10, 2023

Hello, I have a question on the gold yearly cycle please.

Daily cycle – 18 -25 days Weekly cycle – 15-23 weeks Yearly cycle – 11-13 months (which means we should see end of cycle around Oct/Nov since we are at month 9 currently – Is this correct ?) – have read elsewhere that a yearly cycle is 24-32 months.. Do you agree with this ? Long term- 96 months -is this the same as yearly ?

Thanks !

Reply
1. likesmoneystudies
  
  August 11, 2023
  
  Hi Eric,
  Yes, that is correct for the daily, weekly, and yearly cycle.
  I have not observed a 24-32 month cycle …
  The long term cycle – 96 months — is the 8 year cycle.
  
  Reply

Cycle Trading