|2016.05.13 DJIA Cycle Model Chart|
The DJIA cycle model is phase shifting to the right, but still continues to converge relatively quickly. If the model is correct, there is a lot of downward pressure on prices from a cyclical perspective. I would urge readers to look at the previous model run here for additional comment. It is also shown below.
|2016.03.24 DJIA Cycle Model Chart|