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Weekly Chart 3 | |||
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From the 2/12 bottom in Chart 2, the same low is shown in Chart 3. From this low, the Timing Band forecast was for a bull top, meaning the market is expected to have right translation, and move higher than the previous cycle high, to occur the week of 4/9 thru 5/21. The green dots at the bottom of the chart show the Timing Band. The cycle high occurred the week of 5/14 within the 40% Timing Band. The forecast for the next cycle bottom made when the 2/12 low was confirmed was for the next low to occur the week of 5/21 thru 7/9. The price low actually occurred on 5/28 within the red Timing Band at the bottom of the chart. are indicated by the blue up arrows. |
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