Raj T and C Review and Forecast: March 1 Cycle High
In my last public blogpost on 1/30/17, I was looking for a 1/27 major High.
From the 1/27 Raj T&C Daily Email: "The Cycle bias is 1/26 major High, decline into 2/2L+/-1,2/3H, chop into a 2/9L and see a retest of the Highs at the 2/10H"
From the 2/3 Raj T&C Daily Email: "As the dominant cycle is a Time Cycle, it does not predict Price magnitude, so we could see a higher or lower High at the 2/10H"
Actual: We made a 1/26 High, decline sharply into 1/31 Low and 2/2 higher Low, we then rallied into 2/3H, chopped lower into 2/8L, 1 day earlier and rallied above the 1/26H and beyond 2/10H.The dominant cycle (shown as the Cyan lines, click on chart to enlarge) worked well through Friday 2/10, when a High was expected, but when we rallied strongly to fresh ATH on Monday 2/13, the cycle was confirmed Non active. The next day, on 2/14 evening Update, we made a forecast based on various Times and Cycles and E-waves (grey lines on chart) looking for a continued rally into 3/1H.
From the 2/15 Raj T&C Daily Email: "The Cycle bias is we chop higher into 2/21H, decline into 2/23L and rally into 3/1H+/-1"
Actual: The markets unfolded as expected, with a 2/21H, 2/24L and we are now rallying into a 3/1Cycle High.
What's Next: The forecast since 2/14 has remained on track for more than 2 weeks now. The recent rally since the 11/4/16 Low has been typical of a wave 3 rally, strong and relentless. We are still expecting a rally into 3/1-2 cycle High at the 2/28 Geo CIT or 3/3 Solar time CIT and start a retrace.