Did We See Stock Market Cycle Top Last Week?
January 20, 2014 by Leave a Comment
I have been reviewing my long-term charts and have been updating them. I was surprised when I discovered that today (January 18) is exactly 5.16 years from the November 21, 2008 low in the NDX. I have often been referring to the NDX Cycles, since they seem to be much more accurate than the Dow/SPX Cycles. The deviations from the measurements above are often within 3 days and no longer than 8 days, so this is a wonderful monitoring chart. I am constantly amazed at the relationships between the Cycles and the Waves.