2015 is shaping up to be an exciting year. The Gannologists are expecting a 25-30% advance in the market due to this being the “5th year of ascension.” Robert Prechter and the Ellioticians are still looking for the elusive “Grand Super-Cycle Peak” which will usher in a catastrophic decline in […]
William Randall
23 posts
I want to add a couple of comments about the long term picture to my prior post about the Euro. The chart below is a monthly chart of the EURUSD with the 18 month price wave and 4 year price wave. Except for the minor frequency modulation in the early […]
In a comment to an earlier post ( Market And Manipulation) I expressed the opinion that some of Hurst’s principles are applied differently with respect to forex pairs. The current analysis of the EURUSD is a good example. The generally accepted approach is to phase the waves at the lows […]
Gold probably generates more diverse opinions than any other financial instrument or commodity. The deflationists say gold is going down to $250 while the inflationists say gold is going to $5,000 and beyond. The price action paints a much simpler picture from the cyclical/spectral standpoint. The first chart below is […]
It is often stated that the world stock market indices have similar cyclical structures. This is particularly true with respect to the US indices and the European indices (British,French,German). After watching David’s latest HTR video I decided to take a look from a spectral viewpoint. It turns out that they […]
The indices had a significant 3rd quarter this year. According to Hurst’s bandpass filter analysis they have established the most recent 4 year cyclical high. Below is a chart of the S&P 500 showing the 4 year price wave dating back to 1990. It has clearly crested and is currently […]
The indices, led by the S&P 500 and the Nasdaq 100, continue their relentless push higher. The chart below of the ES futures includes the 10 week and 20 week price waves based on bandpass filter analysis from the prior 4 year low in November 2012 to today. The 20 […]
As the indices continue their relentless ascent to new highs, the inevitable question one is beginning to hear of course is “Where is the top?” From the study of cycles as promulgated by Hurst, one is aware that, due to the complex nature of dominant wave interactions and their underlying […]
The indices continue to follow the dominant price waves almost to perfection. The 80,40,20,10,and 5 week waves are all cycling up, which theoretically explains the current strength in the market. The S&P 500 continues to be leader as it pushes up vertically out of the most recent 80 day low. […]
The small caps, as evidenced by the Russell 2000, continue to show relative weakness with respect to the large caps, evidenced by the S&P 500. While the DOW and the S&P 500 recently hit new daily closing highs, the Nasdaq and the Russell haven’t seen new highs in ten weeks. […]