I was looking at the market wondering if I could fit it into a Robin Griffiths roadmap and came up with this.Robin used Elliott wave notation but was not an orthodox waver.The roadmap is based on an approximate 4 year cycle,with 1,2,3,4,5 up then ABC down,then it starts over.The bull cycle looks to have ended last May and we are near the top of B of the bear phase,if this reading is correct,with a sharp C down to come and a new cycle to begin later this year.
"In a normal four-year cycle, markets tend to have three good years and one bad. However, in the presence of a secular downtrend, the skew tends to become nearer to 24 months up and 24 down. The most recent high was 26 months after the March 2009 low. The system is working pretty much as it should." (quote from interview last year)
This is just my interpretation from what I remember of his approach,I have not seen any recent research from Robin,but a while back he was saying that the Fed was juicing the market by POMO and QE and that this was distorting the cycle through dollar devaluation
a trendline on the neg DI line suggests a reversal at hand
"In a normal four-year cycle, markets tend to have three good years and one bad. However, in the presence of a secular downtrend, the skew tends to become nearer to 24 months up and 24 down. The most recent high was 26 months after the March 2009 low. The system is working pretty much as it should." (quote from interview last year)
This is just my interpretation from what I remember of his approach,I have not seen any recent research from Robin,but a while back he was saying that the Fed was juicing the market by POMO and QE and that this was distorting the cycle through dollar devaluation
a trendline on the neg DI line suggests a reversal at hand
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