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| 2016.09.02 NASDAQ Cycle Model Chart |
I posted this a bit earlier than usual because the NASDAQ cycle model is not experiencing a right phase shift at the moment, but seems to indicate that a major top may be forming given the predictive curve. If in the next few weeks NASDAQ begins to descend, the model suggests much lower prices going into Spring 2017. A reminder that all models are wrong but some are useful. Previous iterations of the model are found below and here and here on the blog.
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| 2016.08.19 NASDAQ Cycle Model Chart |
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| 2016.07.29 NASDAQ Cycle Model Chart |
2 comments:
Hi Paolo,
Thanks for the forecast for Nasdaq..
According to my Elliott Wave count for the USA indexes, I am also waiting for DJIA at the end of April 2017 a bottom at the level of 10800 and for Nasdaq a bottom at the level of 3100,which means a descending market with high volatility for the next 8 months...
My dates and price levels are ,of course all wrong; but some may be useful.. :)
Regards..
For your consideration.
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