The LT wave did a good job in December. The projected strong start of the month took the index above 3700 for the first time. The expected subsequent weakness until the 26th gave us a sideways choppy market. The stronger final days came right on target as well and allowed the S&P 500 to close the year at new all time record highs.
Here is the projected price pattern for January:
Strength until the 4th, followed by weakness until the 10th. Then another strong week is projected until around the 18th. The see saw continues with weakness until the 25th and the final days look strong again.
I am curious if and how this pattern will hold up, but it is what it is. As always, don’t bet the farm on it, this is an experimental method that doesn’t use any price or market input.
Thanks Danny. I always look forward to your monthly wave updates. It’s uncanny how closely aligned to market movements the wave often is. I don’t know what the accuracy rate is but it must be pretty high.
Thanks. It has bad months too. But as long as it matches the market moves often enough it is useful.