Market_Alert

Short-term bottom building for the Dow

DJ:DJI   Dow Jones Industrial Average Index
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My proprietary TrueCastTM price models are flashing signals suggesting the Dow will put in a multi-day low in the 16,846.1 to 16,822.1 price range. The model is projecting the short-term low for this index will be established between Tuesday, July 15th and Wednesday, July 16th with an upward move to follow. My probability analysis algorithm assigns an 8-out-of-10 chance these combined forecast will prove accurate.

Looking further out on the time horizon my model indicates the next short-term (multi-day) trend change will occur between Monday, July 21st and Tuesday, July 22nd.
Thank you for sharing your work. Looks like we both expect a change to develop during the third full business week of July.
+1 Reply
elp Market_Alert
I have another cycle chart that I started last summer, its pointing to the same week as the cycle chart above. Pulling back into one has been a nice long trade all year.
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