Nasdaq 100 & NYSE Declining
01/10/15 Weekly Re-Lay: “Stock Indices appear to be slowly rolling over – to the downside – after completing a 40-Year Cycle of ‘Stock-flation’ from their Dec. 1974 lows. The DJIA came within a few points of reaching multi-quarter & multi-year extreme upside objectives – at 18,150–18,500 – peaking at 18,103/DJIA before the latest sell-off…
The Nasdaq 100 & NYSE have been leading the recent declines after peaking in Nov. 2014 – when the greatest synergy of monthly & yearly cycles converged…the ideal scenario would be to see the Indices drop to – and below – their Jan. 6th lows, leading into Jan. 15th or 16th. That would fulfill the myriad of cycles that come into play at that time and which could act as both fulfillment and foreshadowing of other cycles – most notably in mid-April – ~90 degrees later.
A mid-Jan. low could then lead to a bounce into Jan. 26th – the next phase of a developing ~30-degree high (Nov. 25th)–high (Dec. 26th)–high (Jan. 26th?) Cycle Progression.” [See Weekly Re-Lay publications for complete analysis, specific trigger points and related trading strategies.]