Monday, May 23, 2011

Update for August 3rd: This signal for a low in late July was based on looking at a weekly signal which can go over into the next week which has now happened, the US stock markets should start to move back up now. Signals are usually +/- a day or week depending on whether the signal looked at is daily or weekly, in this case I focused on the weekly.

Oex low for late july 2011

Sunday, May 22, 2011

Update - June 8th, the Dollar may be forming a double bottom right on the Economic Confidence Model date of June 13, 2011 (normal interpretation of the cycle allows for a few days +/- within the date), if so this implies capital seeking safety in the dollar as it did in late 2008. As indicated before, the US Dollar appears to be headed for a high in October 2011, which seems like a short rally in light of the ECM model.