Stocks Remain on Track for Second Plunge into Late-March ’20; Fulfilling Intervening Bounce!
03/04/20 Weekly Re-Lay Alert: “…the Transports and a large number of other stocks peaked and began a 1 – 2 month corrective phase. In the strongest indexes, it took until mid-Feb. for the ‘roller-coaster’ to summit and begin its descent.
The sell-off reinforced the ~12-week/~84-day Cycle Progression in other indexes – that helped pinpoint the late-Aug. ’19 low. It was then forecast to invert and time an intermediate peak in mid-Nov. followed by a more significant one on Feb. 10 – 14. That is exactly when the DJIA peaked while reinforcing its 40-Year Cycle…
On Feb. 12/13, 1980, the DJIA peaked and stocks dropped 8 – 10% into late-Feb. and initially bottomed.
On Feb. 12/13, 2020, the DJIA peaked and stocks dropped 8 – 10% (or more) into late-Feb. and initially bottomed.
In many respects, it is intriguing to recognize how ‘the more things change, the more they stay the same’.
The indexes were projected to spur a rally to begin the month of March, partly due to the fulfillment of daily cycle lows on Feb. 28, partly due to the fulfillment of so many of these late-Feb. downside objectives and partly due to the DJIA dropping right to 6 – 12 month support…
There were other factors as well. That rally has taken hold, right on schedule. It has spurred a quick surge to monthly resistance levels with the DJIA & NQH neutralizing their daily downtrends.”
Stocks confirming late-Jan/early-Feb. Perfect Storm of sell signals – triggered on Feb. 7 – 14 – that project overall plunge into late-March ’20. Those signals projected a ‘significant top’, ‘start of a much larger process’, ‘majority of sell-off to follow’, ‘significantly negative impact on overall market’, leading to ‘intra-year trends down, which would have a longer-reaching impact on the overall equity market’ – taking hold after mid-Feb. and ushering in a very bearish ~40-day period of ‘testing’.
These damaging signals reinforce the 40-Year Cycle and 2-Year Cycle outlook for another plunge into late-March 2020 after a brief bounce – which has just unfolded with stocks surging right to monthly resistance (potential peak for March ’20).
What is March ’20 Expected to Suffer Worse Plunge Than Feb.?
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