LT Wave for July 2013
Posted by Danny on July 1, 2013
Our LT Wave chart for June did reasonably well. It was a roller coaster month indeed. The weakness in the 3rd week came a few days later than expected, and we did get the expected strength in the final week.
Here is the LT Wave for July (click for larger image):
The chart shows some weakness around the 4th, and then a strong period lasting well into mid month.
Potential peaks around July 12th or 17th.
The second half of July looks weak, with the LT wave indicating a possible bottom around 23rd-25th.
So it is quite possible that the market gives back most of the gains (if any) we see by the middle of the month.
Reminder: this chart is experimental, and past performance does not guarantee future results..