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LT wave for January 2023

Posted by Dan on January 3, 2023

The LT wave had a fair month in December.

The projected strength in the first days contained a weekend, and the subsequent weakness pulled the market down from the 5th. A few stronger days came on target and pulled the market back up. But that was very short-lived and soon followed by a serious drop in the next weak period. The final week of December was disappointing and failed to produce any rally worth talking about. Sometimes such a clear failure foretells underlying weakness, but we will see.

Here is the LT wave for January:

ltwaveJan2023

Mild weakness until around the 8th to start the year. Then a stronger period until around the 25th. The final days of the month are weak.

Normal caveats apply: the LT wave is experimental and doesn’t use any market or price inputs. Don’t bet the farm on it.

One Response to “LT wave for January 2023”

  1. […] Another good month for the LT wave in January. […]

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