Back on track - Dec 9, 2023
#160 - A Gann Master Cycle forecast following the DJIA, SPX, Nasdaq Composite
Introduction
Last week I was not be able due sickness to send out a newsletter. I am back on track now. Thank you so much for all your get well wishes. Much appreciated. I will extend the subscription of all premium subscribers for the week missed. I expect to be back in office within the next few days. Thank you for your understanding and support.
Two weeks ago I mentioned: “Will the normal seasonal trend I posted in last week’s edition continue to the year’s end, or will the inverted 60-year Gann Master Cycle continue at the end of this month in the DJIA and the SPX?”
It is still early days to make that conclusion and in my Stock Market Outlook 2024, I will publish my vision on what may likely happen. Today Tom MacClenan posted his article on the 60-year cycle inversion on X-Twitter. I think this is just: “Too little, Too late”. I warned my readers well in advance, late December last year, in the previous 2023 edition of my Stock Market Outlook as you can see in the below chart.
So, indeed in 2023 the 60-year cycle inverted again. From November onwards, 60 and 120 years, ago both cycles were on the same direction again. I believe the current signature is similar to the trend 120 years ago, than that of 60 years ago. I have prepared a chart in this post for the premium subscribers to show how today’s market compare with 60- and 120 years ago.
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This analysis is intended for general informational & educational purposes only. Hypothetical or simulated performance based on past cycles has many limitations. Cycles can contract, extend, and invert. Anomalies can occur. Hence, past performance is no guarantee for the future. No advice. Please take a look at our full disclaimer.