The first upcoming date of the TripsTrading Cycle Model (TTCM) that might correct some (or all, see Fibonacci and ) of this short squeeze up is October 19: a day where the following cycles are lined up: 21, 63, 84, 91, 105, 119, 294 and the 3141 day cycle.
I have to be fair, not every TTCM date is an instant jackpot. OCT 1 was followed by a 30 points drop, OCT 5 marked a 15 points drop and OCT 8 a 22 points drop. Difficult to trade for the medium term, so maybe the value of my model lies in something else: defining the trend, mark Highs and Lows and use it for short term trades.
The last TTCM dates ( OCT 1, 5, 8) all signaled short term Highs, so a short term UP trend. Maybe that’s the real value of the model. that it will adjust to pointing out Highs in an UP trend and Lows in a DOWN trend. This idea just entered my mind, so I have to do some more research to defend this hypothesis. .
Over the last week, there was a Bradley Model Time Window scheduled for OCT 9-10 and one for today, OCT 17. Next Bradley Date NOV 1.
Armstrong mentioned on his blog some time ago that next week, OCT 19-23, there’s a Panic Cycle. The last Panic Cycle was AUG 24. Believe him or not, the last time it was correct, so it might as well be correct this week.
Hard to believe it will Panic to the upside take into account we already surged 8.7% form the Lows of SEP 29.
Conclusion: Based on Cyclical Analysis and Time, a short term High would make sense.