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While Basting the Bird, we Await the Cyclical Market High…

I am watching the pattern, the structure, and a plethora of indicators for signs of a pending high. With the Dow Industrials, the S&P 500, and Dow Transports at record highs –
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/.

I am watching the pattern, the structure, and a plethora of indicators for signs of a pending high. With the Dow Industrials, the S&P 500, and Dow Transports at record highs – unconfirmed by a host of other major indices – we have the technical underpinnings for my expected high-point reversal. The cyclical pattern – the 79.6 month, the 893 trading day, and the shorter term 39.89 / 79.6 trading day pattern – are all suggestive of not only just a short term high but a major bull market peak. I know there is risk in that statement, but the lion’s share of my research points to just that: a pending major top.

The daily chart of the S&P depicts an index that has pushed outside the series of parallel 1 X 1 angular channels and, in the process, pushed up to tag the 2,062.50 price octave – my long-term outstanding target. Price closed yesterday just slightly above that level. The indicator that depicts my 7/14/40 day measures of price velocity, too, is exhibiting the structure of a pending high as well. All we need now is confirmation. That fleeting confirmation….November 26th +/- looks like the best fit. Happy Thanksgiving…. 

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 most recent Harley Market Letter update. Want to learn more from acclaimed market analyst Stan Harley? Visit his site and subscribe to the full Harley Market Letter.