Thursday, January 24, 2013

Market Forecast for 2013

Here's an attempt to take that shot in the dark and try and predict where the market is going for the next 12 months. The first installment, which is finding the major turn dates, is shown below. It uses a cycle format I found on the Swingcycle.blogspot.com and has inputs from Jim Curry at cyclewave.homestead.com, and solarcycles.net as well as the 2013 Bradley turn dates.

The next step will be to try and put some sort of range on price movements. That's somewhat harder. The SPX daily chart below is a little difficult to read at first glance but the key turn dates for 2013 are:

Top at or near January 25th, a Low near April 4th, a High near June 22, a Low near early October, a High near early November and then lower into 2014.

OK now you have the rhythm for the year, next we need to work on the amplitude. That's coming. 




The indicators are suggesting the date of January 25th ,+/- a few days, is likely to be an accurate turn date.

























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