Planetary Harmonic Model - July/Aug 2023
Update on the DJIA, $SPX, and $Nasdaq Composite
Introduction
This post is an update on the Planetary Harmonic Model 2023, published in the Fiorente Stock Market Outlook 2023 for July and Aug 2023. I will update this page monthly as the stock market progresses.
Recently I tweeted on Twitter a quote from W.D. Gann:
“Stocks make important changes in trend every 30,60,120,150,210,240,300,330,360 days or degrees from any important top or bottom. July 7th is 15 days from June 22nd and six months or 180 days from January 7th. ...the next important date to watch after June 22nd.” W.D. Gann Stock Market Course
On July 6th, 2023, I tweeted this analysis on the Top 10 US stocks:
The top 10 US stocks' composite hit a low of $1800 on Jan 6th, but now we're close to 180 degrees in price & time from that low. The composite is near resistance - is it time for a change or to wait for foldback completion?
The top 10 US Stocks made a low on January 6th, 2023, at $1800, just a year from the January 2022 high, and is now approaching January 7th, 2023, 180 degrees later in Time and Price ($2700) around July 5th, 2023—a reasonable time for a square out in price and time and for a change in trend.
During his time, W.D. Gann closely tracked the Dow Jones Industrial Averages, railroads, aircraft, and steel companies - all crucial players in the development of the USA. While analyzing these averages, he offered some timeless advice that remains relevant today.
“I have told you before that you should not depend upon the Averages to forecast the trend of individual stocks. These Averages give you the general trend, and while many stocks will follow this average trend, you should figure out each stock individually and let its position on geometrical angles and time periods determine the different months in the year when the stock is likely to make tops and bottoms.”, and,
“Never consider that a major or a minor trend has reversed or changed until the bottoms of previous weeks have been broken or the tops of previous weeks have been crossed. The number of points that a stock or the averages should decline below a bottom to indicate a change in trend to lower levels varies according to the price at which the averages or the stock is selling.” W.D. Gann Stock Market Course
Our premium subscribers can further read the updated Planetary Harmonic Model 2023 for the DJIA, SPX, and COMPX with the latest data in the below post. I also updated the sections on Intermarket relationships, planetary (hard) aspects, and intersections that can all provide valuable insights into the future of the stock market.