I like to look at a Hurst analysis from many different angles, and while considering the progression of “bullishness” in the US stock markets this week I stumbled across a possibility that I would love to hear your opinion about. It has bearish implications, and so this post carries a BEAR […]
US Markets
84 posts
A few weeks ago I wrote about the 18-month VTL (Valid Trend Line) in the S&P 500. Yesterday price came down to the VTL and touched it. There are a few points worth mentioning here: If median price crosses below the VTL then we have cyclic evidence that the current 54-month […]
I know I bang on a lot about the interaction between price and the FLD, so I will keep this short and sweet. Last week I wrote about the F-category interaction that happened in the S&P 500 between Monday 22 September and Tuesday 23 September 2014. Following an F-category interaction we […]
The FLD (Future Line of Demarcation) is a cycle tool that Hurst defined – a simple line plotted on the chart after an analysis has been performed. The FLD can be used as an analysis tool, and also as an aid to making trading decisions. Anyone who uses the FLD to […]
Hurst’s Principle of Commonality states that financial markets around the world move with a good deal in common. What this means in practical terms is that troughs tend to form at the same times in all markets, and to a lesser extent peaks too form at the same time. However […]
The US stock markets have been going up inexorably for a good two years (at least). They formed what seems to be a very shallow 40-day cycle trough this week, its shallowness indicating that the bull is still going strong. And I wondered (as I have often recently) when we might […]
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 […]
I know that whenever I take a holiday the markets are going to do something surprising, and I will be lying on the beach surreptitiously sneaking a look at the charts on a smart phone concealed in the pages of my summer read. This year the August trough provided the surprise, […]
Markets continue to defy gravity and any and all predictions for a correction, a dip, a pullback etc. I misread the significance of the Feb. low (clearly an 18 month low) and now we watch for the formation of the coming 40 week low. I’ve been busy with other things […]
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 […]