The $DJIA is still following the Gann Master Cycle. W.D. Gann called this cycle “The Great Cycle - Master Time Period” in his Stock Market course (1955).
Also he mentioned in this course: “In order to be accurate in forecasting the future, you must know the major cycles. The most money is made when fast moves and extreme fluctuations occur at the end of major cycles. I have experimented and compared past markets in order to locate the major and minor cycles and determined in what years the cycles repeat in the future. After years of research and practical tests, I have discovered that the following cycles are most reliable to use.”
This Great Cycle - Master Time Period is one of them and you can clearly see this year why he reckoned this cycle is the most important one.
The above forecasts mentioned in the annotations on the chart were made on July 7th 2021, and since then this projection stayed pretty much the same. I am using this as a seasonal indicator adjusting it dynamically - period by period - and so far it is still following closely this “great cycle - master time period”. As times have changed the cycle amplitude may not be the same as in previous cycle path. As Mark Twain once said “History never repeats itself, but it does often rhyme”. This forecast is based on the same principal.
Conclusion
Based on previous cycle culmination I am still expecting a high from mid November - towards the end of this year on the $DJIA providing the Master Cycle stays the most dominant cycle. See also my thesis on Venus Rx which was posted earlier on this website.
Certainly any anomalies can occur without any warning, like in 2008 with the Lehman Brothers collapse or an inversion, extension or contraction of this cycle, so be careful in trading this indicator, but always trade the most current chart in front of you.
Read Full Disclaimer. Disclosure: No positions at the time of writing.