The LT wave did fairly well in January. The month started slow with some downward pressure in the first week. The subsequent stronger period in the middle of January took the market to new record highs. Then weakness kicked in for the remainder of the month, giving back all its gains since January 1st.
Here is the LT wave pattern for February:
Weakness in the first days, followed by a strong period until around the 15th. Then some mild weakness until the 21st, followed by strength until the end of February. Overall it looks pretty positive, but remember this method is experimental so don’t bet the farm on it.
Good luck.
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This entry was posted on February 3, 2020 at 2:53 pm and is filed under Market Commentary.
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LT wave for February 2020
Posted by Danny on February 3, 2020
The LT wave did fairly well in January. The month started slow with some downward pressure in the first week. The subsequent stronger period in the middle of January took the market to new record highs. Then weakness kicked in for the remainder of the month, giving back all its gains since January 1st.
Here is the LT wave pattern for February:
Weakness in the first days, followed by a strong period until around the 15th. Then some mild weakness until the 21st, followed by strength until the end of February. Overall it looks pretty positive, but remember this method is experimental so don’t bet the farm on it.
Good luck.
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This entry was posted on February 3, 2020 at 2:53 pm and is filed under Market Commentary. Tagged: LT wave. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.