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Are the Markets Poised for a Collapse?

Poised to Topple The last few months have seen a complex, evolving top that has certainly defied my earlier attempts to talk it down. Yesterday saw the DJIA eclipse the 18,000 mile marker on the
  • 2 min Read

By Stan Harley

Studying the chart history of any stock, index, or commodity will reveal that each market has a series of cyclical profiles that affect price movement. Cycles are the essential factor in forecasting how long a trend should run and when to expect reversals. Their understanding and exploitation provides an overwhelming edge to the successful trader. Stan Harley’s technical expertise encompasses market cycles – their mathematical derivation, real-time tracking, and exploitation for investment and trading. He will demonstrate that cycles have their root derivation grounded in Fibonacci numerology. Stan will provide attendees with the mathematical tools he uses to calculate – and forecast – cyclical highs and lows and be prepared to buy or sell. Throughout our discussions, Stan will present a comprehensive discussion and analysis of the key cycles in the stock, bond, precious metals, and housing markets. Stan Harley’s career has spanned investment advisory services, defense/aerospace, and military service. A California registered investment adviser since 1991, Stan publishes The Harley Market Letter, which employs advanced technical analysis of the stock market, bonds, precious metals, and other sectors of interest. The Harley Market Letter has been ranked by Timer Digest as Stock Market Timer of the Year and Bond Market Timer of the Year in 1998, 2001, and 2010. Mr. Harley’s work has been featured in Barron's, Investors' Business Daily, The Los Angeles Times, Technical Analysis of Stocks and Commodities, and other national media publications. Stan is also a frequent guest market analyst on radio, television, and streaming internet audio/video web sites. He can be reached at (805)-484-4258 or e-mail [email protected]. Information can also be found at: http://www.harleymarketletter.com/.
Studying the chart history of any stock, index, or commodity will reveal that each market has a series of cyclical profiles that affect price movement. Cycles are the essential factor in forecasting how long a trend should run and when to expect reversals. Their understanding and exploitation provides an overwhelming edge to the successful trader. Stan Harley’s technical expertise encompasses market cycles – their mathematical derivation, real-time tracking, and exploitation for investment and trading. He will demonstrate that cycles have their root derivation grounded in Fibonacci numerology. Stan will provide attendees with the mathematical tools he uses to calculate – and forecast – cyclical highs and lows and be prepared to buy or sell. Throughout our discussions, Stan will present a comprehensive discussion and analysis of the key cycles in the stock, bond, precious metals, and housing markets. Stan Harley’s career has spanned investment advisory services, defense/aerospace, and military service. A California registered investment adviser since 1991, Stan publishes The Harley Market Letter, which employs advanced technical analysis of the stock market, bonds, precious metals, and other sectors of interest. The Harley Market Letter has been ranked by Timer Digest as Stock Market Timer of the Year and Bond Market Timer of the Year in 1998, 2001, and 2010. Mr. Harley’s work has been featured in Barron's, Investors' Business Daily, The Los Angeles Times, Technical Analysis of Stocks and Commodities, and other national media publications. Stan is also a frequent guest market analyst on radio, television, and streaming internet audio/video web sites. He can be reached at (805)-484-4258 or e-mail [email protected]. Information can also be found at: http://www.harleymarketletter.com/.

Poised to Topple

The last few months have seen a complex, evolving top that has certainly defied my earlier attempts to talk it down. Yesterday saw the DJIA eclipse the 18,000 mile marker on the way to the rainbow that goes up into the sky forever. Or so they say. We also saw the Dow Utilities and S&P 500 ring the new high bell as well. But that’s about it. Not so the NASDAQ. Not so the New York Composite. Not so the XIV. And someone took out the biotechs today and ordered an assassination. Whether the final high for the Dow and S&P can be labeled as “complete” is yet to be confirmed. Of note, my hourly work ticked down in the final hour of trading today.

Last weekend, I showcased a pattern of 49.2 / 79.6 trading day cycles spanning the sequence of lows over the last couple of years. The next iteration is due now. But, you observe, we’re making a high here, Stan, not a low. An inversion perhaps? Ah, yes…

I can’t but help notice the action in the XIV Exchange Traded Fund (ETF). With the S&P 500 now at all-time highs, this ETF ticked lower on the day. And note the divergent structure of declining highs with each pulse higher in the S&P. My patience has been taxed to be sure, but I still believe a major high is on the cusp – this market is poised to topple.

 

Each month, Stan Harley publishes The Harley Market Letter, a newsletter that provides advanced technical analysis of stocks, bonds, and precious metals. This is the latest update to the Harley Market Letter for December. Want to learn more from acclaimed market analyst Stan Harley? Visit his site and subscribe to the full Harley Market Letter.   

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