Yes, I am referring to tomorrow, March 20, 2014 not my often mentioned March 30, 2014. After combing through DJIA history back to 1900 for possible anchors that would allow the ‘normal’ application of Carolan Spiral Calendar intervals to project a date in 2014 for a major top, I came to the conclusion that lots of tops are made around the Spring Equinox….duh. If you’re an analyst, call the Spring Equinox for a top and you’ve got the percentages (I think) working in your favor for some degree of top near that date. Even better if it’s a Friday and you’re riding a one-week rally and a 5-year bull.
Markus Rose/rosecast sent out an email that’s in the public domain calling for continued rally into March 20 and March 21 but a dramatic sell off on Monday March 24. I wouldn’t disagree with that forecast off the cuff, it fits my perception He does not indicate how long the decline will last.
To see if Spiral Calendar might provide some insight, I scanned my 15- year database of pivots and SC projections I found very few hits on dates between March 19, 2014 and March 25, 2014. There were strikingly as few hits in that period as there were so many hits for the period of March 28, 2014 to March 30, 2014. I came to the conclusion, if a Monday March 24, 2014 decline does occur, it will not last all that long.
Assuming a decline does occur, I’m expecting the market to resume its ascent into the projected March 30, 2014 (e.g. Friday March 28 or Monday March 31) projection I’ve written about at length.
Jim
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.