Stock Market Final Thrust Higher? :: The Market Oracle :: Financial …

Stock Market Final Thrust Higher? :: The Market Oracle :: Financial …

Stock Market Final Thrust Higher?

Stock-Markets

/

Stock Markets 2014Jul 23, 2014 – 03:32 PM GMT

By: Anthony_Cherniawski

Good Morning!

Yesterday I commented that the final Wave needed to have 5 lesser waves in the last thrust. This appears to be it. The target for this wavelet is 2000.00 in the SPX. Round numbers appear to have a psychological attraction and this is no different.

The Cycles Model suggests that today may be the final turn, being a double pivot day (two cycles reverse course in tandem). Seasonally, the second half of July usually marks the high point of the Summer rally, so this also falls into place.

In addition, this may be the onset of the weakest phase of the Presidential Election Cycle, which is expected to find a low in October, matching the Cycles Model.

Here are the last 24 year cycle lows:

October 11, 1990

November 5, 1994 (March 15 was lower)

October 22, 1998

September 10, 2002

July 15, 2006, July 1, 2010

The Cycle lows vary in intensity, but they are all evident on the long-term charts. 1986 is the only year that did not have a Presidential Cycle low (Reagan’s second term). The aftermath may have led to the crash of 1987. This year’s target date is October 22, 2014.

The VIX has not completed its final fifth wave of (c) of [ii]. It’s target appears to be 11.20.

TNX may have made is Intermediate Wave (B) on Monday. That will be confirmed should today’s decline not go beneath 24.48. This bottom is early in the Cycle pattern, but may be confirmed with a higher low on Monday, when it would usually occur. The ten year note is making a lower high this morning, so we may wish to monitor both.

Regards,

Tony

Our Investment Advisor Registration is on the Web

We are in the process of updating our website at www.thepracticalinvestor.com to have more information on our services. Log on and click on Advisor Registration to get more details.

If you are a client or wish to become one, please make an appointment to discuss our investment strategies by calling Connie or Tony at (517) 699-1554, ext 10 or 11. Or e-mail us at [email protected] .

Anthony M. Cherniawski, President and CIO http://www.thepracticalinvestor.com

As a State Registered Investment Advisor, The Practical Investor (TPI) manages private client investment portfolios using a proprietary investment strategy created by Chief Investment Officer Tony Cherniawski. Throughout 2000-01, when many investors felt the pain of double digit market losses, TPI successfully navigated the choppy investment waters, creating a profit for our private investment clients. With a focus on preserving assets and capitalizing on opportunities, TPI clients benefited greatly from the TPI strategies, allowing them to stay on track with their life goals

Disclaimer: The content in this article is written for educational and informational purposes only. There is no offer or recommendation to buy or sell any security and no information contained here should be interpreted or construed as investment advice. Do you own due diligence as the information in this article is the opinion of Anthony M. Cherniawski and subject to change without notice.

Anthony M. Cherniawski

Archive

© 2005-2014 http://www.MarketOracle.co.uk – The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.

Only logged in users are allowed to post comments.

Register/ Log in

Originally from – 

Stock Market Final Thrust Higher? :: The Market Oracle :: Financial …

See which stocks are being affected by Social Media

Share this post

Comments (0)